List of largest companies in Singapore explained

This article lists the largest companies in Singapore in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes.

2024 Fortune list

This list displays the top 20 Singaporean companies in the Fortune Southeast Asia 500, which ranks the largest companies in Southeast Asia by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2023.[1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.

RankNameIndustryRevenue
(USD millions)
Profits
(USD millions)
EmployeesHeadquarters
1TrafiguraCommodity244,2807,39312,479Singapore
2Wilmar InternationalFood production67,1551,525100,000Singapore
3Olam InternationalAgriculture35,95320865,980Singapore
4Flex Ltd.Electronics26,4151,006148,115Singapore
5DBS BankBanking25,6087,49540,770Singapore
6United Overseas BankBanking19,7334,25432,340Singapore
7United Overseas BankBanking19,7335,22933,330Singapore
8Singapore AirlinesAirline14,1411,98916,643Singapore
9Sea LtdE-commerce13,06416362,70Singapore
10SingtelTelecommunications10,6481,62024,070Singapore
11Golden Agri-ResourcesAgriculture9,756198100,800Singapore
12ST EngineeringTechnology7,52343726,779Singapore
13Yanlord Land GroupReal estate6,130-13211,530Singapore
14Singapore PowerUtilities5,4437523,584Singapore
15SeatriumShipbuilding5,431-1,50222,747Singapore
16PSA InternationalLogistics5,2851,08949,000Singapore
17SembcorpUtilities5,2447025,063Singapore
18Keppel Ltd.Real estate5,1883,02912,245Singapore
19Housing and Development BoardReal estate4,503125,516Singapore
20JapfaAgriculture4,429-3137,668Singapore

2024 Forbes list

This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry sector of each company. The figures are in billions of US dollars and are for the year 2023/24. All 10 companies from Singapore are listed.[2]

RankForbes
2000 rank
NameHeadquartersRevenue
(billions
US$)
Profit
(billions
US$)
Assets
(billions
US$)
Value
(billions
US$)
Industry
1138DBS BankSingapore26.2 7.5560.775.3 Banking
2219Oversea-Chinese BankingSingapore18.6 5.2 440.8 48.3 Banking
3240United Overseas BankSingapore20.2 4.3 396.9 37.6 Banking
4462Wilmar InternationalSingapore67.2 1.5 61.8 14.7Food production
5619SingtelSingapore10.6 2.4 34.5 29.7 Telecommunication
6697Singapore AirlinesSingapore14.1 2.033.4 15.0 Airline
71254Keppel Ltd.Singapore5.2 3.020.3 8.9 Electronics
81254Olam InternationalSingapore35.9 0.225.6 3.3 Agriculture
91777CapitaMall TrustSingapore1.2 0.618.8 9.9 Real estate
101999CapitaLandSingapore2.2 0.125.9 10.0Real estate

See also

Notes and References

  1. Web site: Fortune Southeast Asia 500 – The largest companies in the region by revenue . 2024-08-20 . Fortune . en.
  2. Web site: The World's Largest Public Companies. 2021-05-18. Forbes. en.