Latest news with #PTT
Forbes
2 days ago
- Business
- Forbes
Southeast Asia's Largest Companies 2025: The Region Makes Its Mark On The Global 2000 With Banks Leading The Way
DBS is the top-ranked company in Southeast Asia on the Global 2000. Southeast Asian countries reaped a windfall after U.S. President Donald Trump imposed tariffs on China in his first term that redirected foreign investment to the region. But the threat of broader tariffs from Trump 2.0 could undo those gains. The region is represented by a total of 63 companies from half a dozen countries—Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam—on this year's Forbes Global 2000 ranking of the world's largest public corporations, up from 57 in 2024. More than 40% of them are banks with a regional list weighs market value, revenue, profit and assets equally, using the latest 12 months of data as of April 25. The biggest contingent of companies is from Thailand with 16, a number that's unchanged from last year. The country's top-ranked company is state-owned oil and gas giant PTT, though it fell 41 spots to No. 284 after its net profit dropped by more than a fifth to $2.6 billion due to the weaker performance of its petrochemical and refining business. Meanwhile, PTT's smaller rival, Bangchak, debuted at No. 1,923 on a 39% jump in sales to nearly $17 billion. The oil refiner got a boost from acquiring a majority stake in Esso Thailand from U.S. energy major Exxon Mobil for roughly 26 billion baht ($800 million). Notable gainers in Thailand include billionaire Dhanin Chearavanont's food giant Charoen Pokphand Foods, which climbed 155 spots to No. 1,296 thanks to robust overseas sales, which helped reverse a $60 million loss in the previous year into a $523 million net profit. Airports of Thailand fell the most among Thai companies, sliding 200 spots to No. 1,843. Its stock plunged 45% over the past year as tourist arrivals from China dropped and its key concessionaire, King Power, sought to cancel contracts to operate duty-free shops at five airports. This year, Indonesia overtook Singapore to become the second most-represented country in Southeast Asia, with a dozen companies on the Global 2000, up from nine last year. The three newcomers are all linked to billionaires: Otto Toto Sugiri's data center operator DCI Indonesia (No. 1,923, tied with Thailand's Bangchak), Garibaldi Thohir's coal miner Adaro Andalan Indonesia (No. 1,986) and Mochtar Riady's property developer Lippo Karawaci (No. 1,998). All but one of the nine returnees from last year dropped in the ranking, with the sole exception of Amman Mineral Internasional. The copper and gold miner jumped 169 spots to No. 1,436 as record production and prices of gold resulted in net profit more than doubling to $641 million on a nearly one-third rise in revenue to $2.7 billion. The 11 companies from Singapore on the list—up from ten last year—are led by the city-state's biggest banks: DBS (No. 113), Oversea-Chinese Banking (No. 213) and United Overseas Bank (No. 227). Profiting hugely from a continuing wealth influx, they are also the top three among all Southeast Asian companies on the list. Singapore saw two new entrants, including defense company ST Engineering and jet fuel supplier China Aviation Oil. ST Engineering, which manufactures aerospace parts and defense systems, debuted at No. 1,487 after its stock shot up 71% over the past year on robust earnings. Meanwhile, China Aviation Oil landed at No. 1,997 after net profit rose by a third to $78.4 million, thanks to the rebound in air travel. Real estate heavyweight CapitaLand Investment dropped off the ranking due to its exposure to China's struggling property market. The Malaysian contingent of nine companies is led by Maybank, which climbed 25 spots to No. 438 after reporting record profit, driven partly by its wealth management business. The only Malaysian company to drop in the ranking is Sime Darby, which fell 433 spots to No. 1,966. The conglomerate, with interests from automobiles to heavy equipment, saw its net profit plummet nearly 60% to $335 million, partly due to sluggish car sales. All of the eight Vietnamese companies on the list—up from last year's seven—are banks, except for the country's sole new entrant, Vingroup, a conglomerate with interests in real estate, hospitality and electric vehicles. Controlled by Vietnam's richest person, Pham Nhat Vuong, Vingroup debuted at No. 1,504 after its shares rose 43% over the past year on strong earnings. Meanwhile, the country's two largest companies, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (No. 841) and the Commercial Bank For Investment and Development Of Vietnam (No. 998), both fell in the ranking as their revenue dropped to $4.7 billion and $6.9 billion, respectively. The biggest company among the seven from the Philippines (up from 6 last year) is SM Investments, a conglomerate controlled by the Sy family. It slipped five spots to No. 811 despite a moderate increase in sales and net profit. Port operator International Container Terminal Services, controlled by billionaire Enrique Razon Jr., made its debut at No. 1,702, buoyed by a 15% uptick in sales to $2.9 billion and a 54% jump in net profit to $830 million.
GMA Network
3 days ago
- Business
- GMA Network
40 PH companies in Fortune Southeast Asia 500 list
Forty companies from the Philippines were included in the Fortune Southeast Asia 500 list for 2025, which ranks the 500 biggest companies in the region based on their revenues, at the average exchange rate during the year. According to Fortune, the latest list shows a snapshot of a region that it described as 'ready to take advantage' of shifts in the global supply chain, and booming industries such as mining, electric vehicles, and artificial intelligence. This year's list was topped for the second straight year by Singapore-headquartered Trafigura Group with $243.201 billion. It was followed by Thailand's PTT with $87.635 billion, Indonesia's Pertamina with $75.327 billion, and Singapore-based Wilmar International with $67.379 billion, and Olam Group with $42.028 billion. Revenue and profit figures for the companies reporting in their local currency were converted to US dollars at the average exchange rate during each company's fiscal year, with the minimum revenue threshold set at $349.4 million. The collective companies on the 2025 list recorded $1.82 trillion in revenue in 2024, higher than the $1.79 trillion in 2023. 'Together, the Southeast Asia 500 companies are playing an increasingly important role in global supply chains — capturing manufacturing capacity from shifting from China, which is drawing significant capital flows and reshaping global trade dynamics,' Fortune said. Below is a list of the Philippine companies included in the list: — RSJ, GMA Integrated News
Associated Press
4 days ago
- Automotive
- Associated Press
PTT Lubricants Accelerates Regional Growth with Innovation and Sustainability at the Core
BANGKOK, THAILAND - Media OutReach Newswire - 16 June 2025 - PTT Lubricants, a flagship business under OR (PTT Oil and Retail Business Public Company Limited), is accelerating its Southeast Asia expansion with a strong focus on innovation, sustainability, and service excellence with 30% market share in Thailand. PTT Lubricants Accelerates Regional Growth with Innovation and Sustainability at the Core PTT Lubricants has a robust presence in both automotive and industrial segments and exports to over 40 countries—including all AEC members, driven by premium products and market-specific strategies. Through out nationwide network, over 190 FIT Auto and FIT Express centers, provides maintenance services and technical support, reinforcing the brand's commitment to quality, trust, and customer satisfaction. 'As global mobility undergoes rapid transformation, we see the great opportunity for Thai innovation to take center stage,' said M.L. Peekthong Thongyai, Chief Executive Officer of PTT Oil and Retail Business Pcl. (OR). 'PTT Lubricants is not only strengthening its position in Thailand but also scaling regionally through world-class R&D, robust logistics infrastructure, and a fully integrated value chain. Our aim is to deliver high-performance lubricants that combine quality, reliability, and sustainability for partners across ASEAN and global markets — contributing to OR's mission of Empowering All toward Inclusive Growth by driving innovation that creates value for businesses, communities, and the broader economy.' As of 2024, over 1.45 billion vehicles are on the roads globally, with 75 million new vehicles sold (OICA; ACEA). EVs reached 17.1 million units—22.7% of new car sales (IEA). While mature markets like the U.S. and Europe face transitional challenges, the long-term EV outlook remains strong. In Southeast Asia, where over 250 million vehicles are registered (ASEANstats), EV adoption is steadily rising. Thailand, the region's EV leader, recorded 45 million vehicles in 2024. A 10% dip in new EV registrations (CEIC Data), signals a healthy market adjustment toward long-term growth. This shift calls for adaptable. PTT Lubricants is leading with future-ready solutions, driving innovations across ICE, hybrid, and EV technologies—including advanced fluids for electric systems. More than keeping pace, the brand is helping shape the future of mobility through innovation, agility, and sustained performance. 'In a fast-evolving automotive landscape, our strategy focuses on delivering value through innovation, performance, and agility,' said Mr. Racha U-Thaichan, Senior Executive Vice President, Lubricants Business, OR. 'While EVs remain a long-term growth direction, demand for internal combustion engines, hybrids, and industrial applications remains significant. We are responding with high-efficiency solutions like PERFORMA Synthetic Hybrid with EVOTEC technology, backed by a smart digital supply chain and expert technical support. With an annual storage and distribution capacity of over 263 million liters, and continuous R&D collaboration with INI (PTT Innovation Institute) , we are well-equipped to support customers through this transition and drive regional growth with confidence.' To support its mission, PTT Lubricants leverages a streamlined digital supply chain powered by fully used OR Eco-system and Intelligent to boost efficiency and speed. Its PTT Lubricants Solutions team offers tailored technical support and after-sales services across industries—creating a value-driven, trust-based ecosystem. Sustainability is central to its strategy. Through the Go Green initiative, PTT Lubricants applies a circular economy model—reducing emissions, installing solar panels, and repurposing waste. In 2024, it transformed 4,900 used lubricant gallons into 100 school desks for rural Thai schools, cutting over 8,000 kg of CO₂ emissions and more than 1,200 kg of plastic waste. This effort earned the Spotlight Day 2024 sustainability award. As Southeast Asia's lubricant sector undergoes change, PTT Lubricants is poised not only to grow market share but to help define the future of mobility—through innovation, trust, and sustainability. Hashtag: #OR #PTTLubricants The issuer is solely responsible for the content of this announcement. About OR PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Stations, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia's largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 422 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation. Website:
Zawya
5 days ago
- Automotive
- Zawya
PTT Lubricants Accelerates Regional Growth with Innovation and Sustainability at the Core
BANGKOK, THAILAND - Media OutReach Newswire - 16 June 2025 - PTT Lubricants, a flagship business under OR (PTT Oil and Retail Business Public Company Limited), is accelerating its Southeast Asia expansion with a strong focus on innovation, sustainability, and service excellence with 30% market share in Thailand. PTT Lubricants has a robust presence in both automotive and industrial segments and exports to over 40 countries—including all AEC members, driven by premium products and market-specific strategies. Through out nationwide network, over 190 FIT Auto and FIT Express centers, provides maintenance services and technical support, reinforcing the brand's commitment to quality, trust, and customer satisfaction. "As global mobility undergoes rapid transformation, we see the great opportunity for Thai innovation to take center stage," said M.L. Peekthong Thongyai, Chief Executive Officer of PTT Oil and Retail Business Pcl. (OR). "PTT Lubricants is not only strengthening its position in Thailand but also scaling regionally through world-class R&D, robust logistics infrastructure, and a fully integrated value chain. Our aim is to deliver high-performance lubricants that combine quality, reliability, and sustainability for partners across ASEAN and global markets — contributing to OR's mission of Empowering All toward Inclusive Growth by driving innovation that creates value for businesses, communities, and the broader economy." As of 2024, over 1.45 billion vehicles are on the roads globally, with 75 million new vehicles sold (OICA; ACEA). EVs reached 17.1 million units—22.7% of new car sales (IEA). While mature markets like the U.S. and Europe face transitional challenges, the long-term EV outlook remains strong. In Southeast Asia, where over 250 million vehicles are registered (ASEANstats), EV adoption is steadily rising. Thailand, the region's EV leader, recorded 45 million vehicles in 2024. A 10% dip in new EV registrations (CEIC Data), signals a healthy market adjustment toward long-term growth. This shift calls for adaptable. PTT Lubricants is leading with future-ready solutions, driving innovations across ICE, hybrid, and EV technologies—including advanced fluids for electric systems. More than keeping pace, the brand is helping shape the future of mobility through innovation, agility, and sustained performance. "In a fast-evolving automotive landscape, our strategy focuses on delivering value through innovation, performance, and agility," said Mr. Racha U-Thaichan, Senior Executive Vice President, Lubricants Business, OR. "While EVs remain a long-term growth direction, demand for internal combustion engines, hybrids, and industrial applications remains significant. We are responding with high-efficiency solutions like PERFORMA Synthetic Hybrid with EVOTEC technology, backed by a smart digital supply chain and expert technical support. With an annual storage and distribution capacity of over 263 million liters, and continuous R&D collaboration with INI (PTT Innovation Institute) , we are well-equipped to support customers through this transition and drive regional growth with confidence." To support its mission, PTT Lubricants leverages a streamlined digital supply chain powered by fully used OR Eco-system and Intelligent to boost efficiency and speed. Its PTT Lubricants Solutions team offers tailored technical support and after-sales services across industries—creating a value-driven, trust-based ecosystem. Sustainability is central to its strategy. Through the Go Green initiative, PTT Lubricants applies a circular economy model—reducing emissions, installing solar panels, and repurposing waste. In 2024, it transformed 4,900 used lubricant gallons into 100 school desks for rural Thai schools, cutting over 8,000 kg of CO₂ emissions and more than 1,200 kg of plastic waste. This effort earned the Spotlight Day 2024 sustainability award. As Southeast Asia's lubricant sector undergoes change, PTT Lubricants is poised not only to grow market share but to help define the future of mobility—through innovation, trust, and sustainability. Hashtag: #OR #PTTLubricants The issuer is solely responsible for the content of this announcement. About OR PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Stations, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia's largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 422 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation. Website:
Malay Mail
5 days ago
- Automotive
- Malay Mail
PTT Lubricants Accelerates Regional Growth with Innovation and Sustainability at the Core
BANGKOK, THAILAND - Media OutReach Newswire - 16 June 2025 - PTT Lubricants, a flagship business under OR (PTT Oil and Retail Business Public Company Limited), is accelerating its Southeast Asia expansion with a strong focus on innovation, sustainability, and service excellence with 30% market share in Lubricants has a robust presence in both automotive and industrial segments and exports to over 40 countries—including all AEC members, driven by premium products and market-specific out nationwide network, over 190 FIT Auto and FIT Express centers, provides maintenance services and technical support, reinforcing the brand's commitment to quality, trust, and customer satisfaction."As global mobility undergoes rapid transformation, we see the great opportunity for Thai innovation to take center stage," said M.L. Peekthong Thongyai, Chief Executive Officer of PTT Oil and Retail Business Pcl. (OR). "PTT Lubricants is not only strengthening its position in Thailand but also scaling regionally through world-class R&D, robust logistics infrastructure, and a fully integrated value chain. Our aim is to deliver high-performance lubricants that combine quality, reliability, and sustainability for partners across ASEAN and global markets — contributing to OR's mission of Empowering All toward Inclusive Growth by driving innovation that creates value for businesses, communities, and the broader economy."As of 2024, over 1.45 billion vehicles are on the roads globally, with 75 million new vehicles sold (OICA; ACEA). EVs reached 17.1 million units—22.7% of new car sales (IEA). While mature markets like the U.S. and Europe face transitional challenges, the long-term EV outlook remains Southeast Asia, where over 250 million vehicles are registered (ASEANstats), EV adoption is steadily rising. Thailand, the region's EV leader, recorded 45 million vehicles in 2024. A 10% dip in new EV registrations (CEIC Data), signals a healthy market adjustment toward long-term growth. This shift calls for Lubricants is leading with future-ready solutions, driving innovations across ICE, hybrid, and EV technologies—including advanced fluids for electric systems. More than keeping pace, the brand is helping shape the future of mobility through innovation, agility, and sustained performance."In a fast-evolving automotive landscape, our strategy focuses on delivering value through innovation, performance, and agility," said Mr. Racha U-Thaichan, Senior Executive Vice President, Lubricants Business, OR. "While EVs remain a long-term growth direction, demand for internal combustion engines, hybrids, and industrial applications remains significant. We are responding with high-efficiency solutions like PERFORMA Synthetic Hybrid with EVOTEC technology, backed by a smart digital supply chain and expert technical support. With an annual storage and distribution capacity of over 263 million liters, and continuous R&D collaboration with INI (PTT Innovation Institute) , we are well-equipped to support customers through this transition and drive regional growth with confidence."To support its mission, PTT Lubricants leverages a streamlined digital supply chain powered by fully used OR Eco-system and Intelligent to boost efficiency and speed. Its PTT Lubricants Solutions team offers tailored technical support and after-sales services across industries—creating a value-driven, trust-based is central to its strategy. Through the Go Green initiative, PTT Lubricants applies a circular economy model—reducing emissions, installing solar panels, and repurposing waste. In 2024, it transformed 4,900 used lubricant gallons into 100 school desks for rural Thai schools, cutting over 8,000 kg of CO₂ emissions and more than 1,200 kg of plastic waste. This effort earned the Spotlight Day 2024 sustainability Southeast Asia's lubricant sector undergoes change, PTT Lubricants is poised not only to grow market share but to help define the future of mobility—through innovation, trust, and #OR #PTTLubricants The issuer is solely responsible for the content of this announcement. About OR PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Stations, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia's largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 422 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation. Website:
