Manila Water Advances on Fortune Southeast Asia 500 List
For the second year running, Manila Water, the East Zone water concessionaire, has secured a place on the prestigious Fortune Southeast Asia 500 list. This year, Manila Water improved its ranking significantly, climbing to 384th from 435th in 2024. This progression highlights the company’s steady growth and operational excellence.
The Fortune Southeast Asia 500 list features top companies from countries including Indonesia, Thailand, Malaysia, Singapore, Vietnam, Cambodia, and the Philippines. Each company must meet a minimum revenue threshold of $349.4 million. Collectively, these firms generated $1.82 trillion in revenue in 2024, up from $1.79 trillion the previous year, underscoring the region’s expanding economic footprint.
Significance of Fortune Southeast Asia 500 Rankings
Fortune’s ranking showcases the increasing role of Southeast Asian companies in global supply chains. Many are capitalizing on shifting manufacturing capacities away from China, attracting substantial investments and reshaping international trade patterns. The list also reflects the region’s readiness to lead in emerging sectors like mining, electric vehicles, and artificial intelligence.
Clay Chandler, Executive Editor of a major Asian business publication, noted, “The region has become a crucial manufacturing and export hub, which is drawing significant capital flows.” This perspective highlights Southeast Asia’s growing importance as a key driver of global economic growth.
Manila Water’s Leadership and Vision
Jocot De Dios, President and CEO of Manila Water, expressed pride in the recognition. He said, “Being recognized as one of Southeast Asia’s Top 500 companies is a proud moment for all of us. This achievement reflects the trust of our customers, the hard work and dedication of our team, and the bold vision that drives us forward.”
He added that Manila Water remains committed to creating lasting value for stakeholders while contributing meaningfully to the region’s dynamic economic landscape. The company’s improved ranking stands as proof of its dedication to reliable service and sustainable growth.
Methodology Behind the Ranking
The Fortune Southeast Asia 500 list ranks companies based on their most recent fiscal year revenue, ending on or before December 31, 2024. Revenues include those from subsidiaries and any discontinued operations. This rigorous methodology ensures an accurate reflection of corporate performance across the region.
As an independent global business publication, Fortune provides comprehensive insights into businesses, industries, economics, and technology worldwide. Its rankings, including the Southeast Asia 500, serve as trusted benchmarks of corporate success.
For more news and updates on Manila Water’s progress and Southeast Asia’s economic landscape, visit Filipinokami.com.