MikeLigalig.com

By EMMIE V. ABADILLA
Manila Bulletin

The Philippine Long Distance Telecom Co. (PLDT) topped the short list of leading companies in the country in the Forbes Magazine's latest roster of the world’s top 2,000 firms.

Only three companies in the Philippines made it into the top 2,000 , according to the May 2010 issue of Forbes Asia Magazine: PLDT (ranked No. 1,080), San Miguel (No. 1,566) and SM Investments (SMIC) (No. 1,707). PLDT also topped the short list of Philippine companies in last year’s list, where it ranked No. 1,138.

Forbes, one of the world's leading business magazines, used several metrics that combined sales, profits, assets and market value in order to rank companies worldwide and to come up with its Global 2000 list. The approach provides a more thorough and holistic assessment of companies.

“This year’s list reveals the dynamism of global business. The rankings span 62 countries, with the US (515 members) and Japan (210 members) still dominating the list, but with a combined 33 fewer entries," according to Forbes.com, the magazine’s website.

PLDT Chairman Manuel V. Pangilinan remarked that PLDT's ranking in this global list "reflects the commitment of its shareholders and the dedication of its management and staff to world-class excellence."

"This recognition highlights our efforts to transform PLDT into communications and multimedia company," added PLDT President and CEO Napoleon L. Nazareno.

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