FORTUNE UNVEILS 2025 SOUTHEAST ASIA 500

2^nd annual Fortune list has Singapore's Trafigura at No. 1, as the energy sector dominates; Malaysia's NationGate claims fastest growing by revenue

Ranks of female CEOs at Southeast Asia 500 companies increases to nearly 40, up 28% from last year

Indonesia has the most companies, 109, on the Southeast Asia 500 but Singapore companies lead in revenue, profits, and assets

SINGAPORE, June 17, 2025 /PRNewswire/ -- Fortune today unveils the 2025 Southeast Asia 500 rankings, the second annual list of the largest companies in the region, ranked by revenue for the 2024 fiscal year. Fortune's focus on Southeast Asia comes as the region emerges as a resilient growth engine for the global economy, playing an increasingly important role in global supply chains, capturing manufacturing capacity shifting from China due to heightened tariffs and trade tensions.

The seven countries in last year's inaugural Southeast Asia 500 list—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—return in 2025, and continue to make their mark on the region's economy. Indonesia leads with 109 companies, while Thailand follows with 100. Malaysia has 92 companies on the list, surpassing Singapore's 81. Vietnam's presence on the list has grown to 76, while the Philippines contributes 40 and Cambodia rounds out the list with two.

Singapore-headquartered commodities trader Trafigura earned the No. 1 spot on the Fortune Southeast Asia 500 for a second year, generating more than $243 billion in revenue in 2024, followed by Thailand's PTT (No. 2), Indonesia's Pertamina (No. 3) and Singapore's food and agribusiness powerhouses—Wilmar (No. 4) and Olam (No. 5). The top five companies generated nearly $516 billion in revenue, or 28% of all 500 companies combined.

Together, the top 10 generated $660 billion—36% of the list's total revenue—while the top 20 accounted for $836 billion, nearly half the combined revenue of all 500 companies. Notably, Singapore-based companies generated $637 billion in 2024, underscoring the city-state's role as a regional business hub and accounting for just over a third of the Southeast Asia 500's total revenue. Collectively, companies on the 2025 list generated $1.82 trillion in revenue in 2024, up from $1.79 trillion the year before. The minimum revenue threshold to be included on the 2025 list was $349.4 million.

"Fortune's interest in the region reflects Southeast Asia's growing importance as an engine of global growth," says Clay Chandler, Executive Editor, Asia. "The region has become a crucial manufacturing and export hub, which is drawing significant capital flows. This momentum has been further fueled by Trump-era tariffs, which have reshaped global trade dynamics and driven a shift towards Southeast Asia."

Energy – whether resource extraction, power generation, or electrical transmission—is the dominant sector on the 2025 list, accounting for almost a third of its total revenue. Thai oil refiner and energy company, Bangchak, breaks into this year's top 20 with a 47% jump in revenue. Financial firms represent Southeast Asia's second-largest sector. Significantly, thirteen banks and financial firms are among the top 20 most profitable companies with Singapore's DBS leading—both in terms of revenue and earnings—for a second year.

In his introduction to the new list in the June/July issue of Fortune Asia magazine, editor, Asia, Nick Gordon notes, the Fortune Southeast Asia 500 provides "a snapshot of a region ready to take advantage of global supply chain shifts and booming industries like mining, EVs, and AI—even as U.S. tariff policy threatens to roll back some of last year's gains."

Fast-growers in revenue terms included newcomers to the list—Malaysian precision manufacturing company NationGate, Indonesian mining and energy firm, Petrindo Jaya Kreasi and Vietnam's transport infrastructure and automotive services company, Tasco JSC, as well as returning companies such as the Philippines' online gaming firm, Digiplus Interactive, and travel and transportation companies like Singapore aviation catering and logistics firm SATS, Changi Airport Group and Airports of Thailand. In 2024, the top 20 fast-growers captured strong tailwinds from rebounding tourism, resource demand (coal, nickel, energy), digital transformation, and industrial growth in Southeast Asia.

In a positive sign for female leadership in the region, Fortune's analysts noted there are 37 female CEOs leading Southeast Asia 500 companies, up from 29 reported last year. There are also 37 women holding the position of chairman. This growth in diversity, alongside the ten CEOs in their 30s, underscores the region's evolving leadership landscape. The average age of the chief executives leading the 500 companies is 58. In total, the 2025 Southeast Asia 500 companies employ more than 6.3 million people.

The 2025 Fortune Southeast Asia 500 list and stories are available internationally on Fortune.com/asia and on newsstands across Asia starting today, June 17. The list and rankings can be viewed at https://fortune.com/asia/ranking/southeast-asia-500/2025/.

About Fortune

Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world's biggest companies and their leaders as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World's Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum and Brainstorm Tech. For more information, visit fortune.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

FORTUNE UNVEILS 2025 SOUTHEAST ASIA 500

SHENZHEN, China, June 11, 2026 /PRNewswire/ -- INFiLED will participate in InfoComm Asia 2026, one of Asia's leading professional audiovisual exhibitions, taking place from 15-17 July 2026 in Bangkok, Thailand.

This year, INFiLED will deliver an immersive visual experience, showcasing a versatile lineup of innovative LED display solutions designed for commercial, retail, corporate, transportation, and creative display applications.

NX Series: When Creative Forms Need Stable Execution

Among the booth highlights is the newly introduced NX Series, INFiLED's multi-form LED solution for rental applications.

Stage concepts now shift from flat backdrops to curves, corners, offset layouts and scenic structures setups. For production teams, creative freedom only becomes valuable when every form can be installed with confidence and repeated under show pressure.

With precise mechanics, lightweight magnesium-alloy cabinets, and a multi-form ecosystem, NX turns changing creative layouts into stable, controllable LED surfaces. Designers gain freedom in form; crews gain control in execution.

HERA Series: When Indoor Displays Need Cleaner Systems

Making its APAC debut, HERA introduces a more streamlined system architecture for indoor commercial LED projects.

The audience sees the image; integrators work with the system behind it. In retail, corporate and commercial environments, wiring logic, service access, and daily operation often decide whether a display remains efficient long after installation.

HERA's integrated 3-in-1 HUB brings power, signal, and control into one cleaner architecture, while front-side service makes maintenance more direct. The result is a display that looks refined from the front and stays practical from the back.

GeminiLED: When Public Spaces Need Two-Way Visibility

Visitors will also be able to explore GeminiLED, INFiLED's dual-sided, ultra-slim display solution for high-traffic public environments.

In airports, rail stations, retail concourses and open public areas, people pass, cross, pause, and move through the space from different directions. Communication needs to move with them.

With a 25.5 mm profile and 7.7 kg cabinet, GeminiLED supports suspended installation up to 8 m with fewer hanging points. One overhead screen delivers content in both directions, improving visibility and space efficiency in busy public venues.

HaloCrystal: When Transparency Needs Outdoor Strength

HaloCrystal will also be showcased as INFiLED's outdoor rental transparent LED solution for projects that demand open visuals, clean structure, and reliable outdoor performance.

Transparent LED creates a light, see-through effect. Outdoor rental adds height, wind, repeated setup, bright content, flexible layouts and fast service into the equation.

With hidden PDU and accessories, HaloCrystal keeps the transparent frame open and clean. Its 70% transparency preserves the see-through effect, while optional light-blocking panels allow the same screen to shift toward a stronger solid-look presentation. Supported by high-strength profiles, wind bracing, up to 22 m stacking or hanging, HaloCrystal gives transparent LED the strength and practicality needed for outdoor rental use.

Stepping into the Future of Visual Communication

Designed with an open and interactive booth concept, the INFiLED showcase will allow visitors to experience live product demonstrations, explore different display applications, and speak directly with the team about project requirements and solutions.

With a growing presence across the APAC region, INFiLED APAC remains focused on delivering reliable LED display solutions backed by localized support, technical expertise and long-term collaboration. Visit us at InfoComm Asia 2026 to explore our latest solutions and exchange ideas with industry professionals across the region.

Website: www.infiled.com

Contact: info@infiled.com

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

INFiLED APAC to Showcase Latest LED Display Innovations at InfoComm Asia 2026

INFiLED APAC to Showcase Latest LED Display Innovations at InfoComm Asia 2026