Converge ICT Solutions, led by husband-and-wife team Dennis Anthony and Grace Uy, topped the Philippine entries with $709 million in sales and $189 million in net income.
Based in Angeles City, the broadband giant now has 2.7 million subscribers and controls more than 710,000 kilometers of fiber nationwide.
A. Soriano Corp., founded in the 1930s and based in Makati, posted $226 million in revenue and $82 million in profit. It owns diversified assets including Phelps Dodge Philippines and Amanpulo, the luxury island resort managed by Amanresorts.
Apex Mining, controlled by billionaire Enrique Razon Jr., reported $254 million in sales and $76 million in profit. Its Mindanao-based gold mines are projected to remain productive until 2034. Apex also holds interests in oil, gas, and waste management.
Philippine Bank of Communications (PBCom), a commercial bank majority-owned by the Lucio Co group, earned $39 million in net income on $195 million in sales. It raised P7.7 billion last year in its maiden bond offering to support lending growth.
Figaro Culinary Group, owned by businessman Jerry Liu’s LiuGong Group, closed the list with $97 million in revenue and $11 million in profit. It operates 156 Angel’s Pizza outlets and 61 Figaro Coffee shops across the country.
—Edited by Miguel R. Camus
