PLDT Inc. (PLDT) is one of 38 Filipino firms in the maiden Fortune Southeast Asia (SEA) 500 list, which ranks the largest companies in Southeast Asia in terms of total revenues for the 2023 fiscal year.

With revenues equivalent to $3.79 billion, PLDT emerged as the top Philippine telco to land on the list, and the 6th largest telco in Southeast Asia. It took 11th place as the highest performing Philippine company, and 97th place across all sectors in the regional rankings.

PLDT’s historically high service revenues are largely attributed to the continuous expansion of its portfolio of broadband offerings to meet the different connectivity needs of Filipinos. These services are supported by the country’s most extensive and integrated fixed and wireless network.  PLDT also underscored its commitment to providing lasting value to the customers and communities that it serves, alongside its continued pursuit of innovation and excellence.

During the company’s disclosure of its 2023 financial results, Manuel V Pangilinan, PLDT Chairman and CEO said, “PLDT is aiming not just for higher profits but to maintain PLDT and Smart’s premier positions, where they rightfully belong. This requires a commitment to excellence all around--encompassing the quality of our network, the efficiency of our installations and repairs, the innovations we pursue, and the speed of our services.”

The Fortune Southeast Asia 500 list highlights the increasing importance of Southeast Asia to the global economy, due to shifting supply chains and the rapid development of the region.  The inaugural rankings include companies from the following Southeast Asian nations: Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

Another Pangilinan-led firm, Manila Electric Co. stood No. 34 with revenues of $7.98 billion.