List of largest companies in Singapore
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.
| Rank | Name | Industry | Revenue (USD millions) | Profits (USD millions) | Employees | Headquarters |
|---|---|---|---|---|---|---|
| 1 | Trafigura | Commodity | 244,280 | 7,393 | 12,479 | Singapore |
| 2 | Wilmar International | Food production | 67,155 | 1,525 | 100,000 | Singapore |
| 3 | Olam International | Agriculture | 35,953 | 208 | 65,980 | Singapore |
| 4 | Flex Ltd. | Electronics | 26,415 | 1,006 | 148,115 | Singapore |
| 5 | DBS Bank | Banking | 25,608 | 7,495 | 40,770 | Singapore |
| 6 | United Overseas Bank | Banking | 19,733 | 4,254 | 32,340 | Singapore |
| 7 | United Overseas Bank | Banking | 19,733 | 5,229 | 33,330 | Singapore |
| 8 | Singapore Airlines | Airline | 14,141 | 1,989 | 16,643 | Singapore |
| 9 | Sea Ltd | E-commerce | 13,064 | 163 | 62,70 | Singapore |
| 10 | Singtel | Telecommunications | 10,648 | 1,620 | 24,070 | Singapore |
| 11 | Golden Agri-Resources | Agriculture | 9,756 | 198 | 100,800 | Singapore |
| 12 | ST Engineering | Technology | 7,523 | 437 | 26,779 | Singapore |
| 13 | Yanlord Land Group | Real estate | 6,130 | -132 | 11,530 | Singapore |
| 14 | Singapore Power | Utilities | 5,443 | 752 | 3,584 | Singapore |
| 15 | Seatrium | Shipbuilding | 5,431 | -1,502 | 22,747 | Singapore |
| 16 | PSA International | Logistics | 5,285 | 1,089 | 49,000 | Singapore |
| 17 | Sembcorp | Utilities | 5,244 | 702 | 5,063 | Singapore |
| 18 | Keppel Ltd. | Real estate | 5,188 | 3,029 | 12,245 | Singapore |
| 19 | Housing and Development Board | Real estate | 4,503 | 12 | 5,516 | Singapore |
| 20 | Japfa | Agriculture | 4,429 | -31 | 37,668 | Singapore |
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]
| Rank | Forbes 2000 rank | Name | Headquarters | Revenue (billions US$) | Profit (billions US$) | Assets (billions US$) | Value (billions US$) | Industry |
|---|---|---|---|---|---|---|---|---|
| 1 | 138 | DBS Bank | Singapore | 26.2 | 7.5 | 560.7 | 75.3 | Banking |
| 2 | 219 | Oversea-Chinese Banking | Singapore | 18.6 | 5.2 | 440.8 | 48.3 | Banking |
| 3 | 240 | United Overseas Bank | Singapore | 20.2 | 4.3 | 396.9 | 37.6 | Banking |
| 4 | 462 | Wilmar International | Singapore | 67.2 | 1.5 | 61.8 | 14.7 | Food production |
| 5 | 619 | Singtel | Singapore | 10.6 | 2.4 | 34.5 | 29.7 | Telecommunication |
| 6 | 697 | Singapore Airlines | Singapore | 14.1 | 2.0 | 33.4 | 15.0 | Airline |
| 7 | 1254 | Keppel Ltd. | Singapore | 5.2 | 3.0 | 20.3 | 8.9 | Electronics |
| 8 | 1254 | Olam International | Singapore | 35.9 | 0.2 | 25.6 | 3.3 | Agriculture |
| 9 | 1777 | CapitaMall Trust | Singapore | 1.2 | 0.6 | 18.8 | 9.9 | Real estate |
| 10 | 1999 | CapitaLand | Singapore | 2.2 | 0.1 | 25.9 | 10.0 | Real estate |
