Top Ten Corporations Of the Philippines
Petron Corp. (PSE: PCOR) is the largest oil refining and marketing company in the Philippines, supplying more than a third of the country’s oil requirements.
Petron operates a refinery in Limay, Bataan, with a rated capacity of 180,000 barrels per day (29,000 m3/d). From the refinery, Petron moves their products mainly by sea to 32 depots and terminals in the country. They operate a lube oil blending plant at their Pandacan Terminal, where it manufactures lubes and greases.
Petron is a public company listed on the Philippine Stock Exchange. A 51-percent stake is owned by the Philippine Food and beverage giant San Miguel Corporation (SMC) while the Ashmore Group owns 40 percent. The remaining shares—about 9 percent—are held by the public.
Pilipinas Shell Petroleum Corporation
Pilipinas Shell Petroleum Corporation, part of the Shell global group of oil, gas, and petrochemical companies, makes a wide range of high-quality fuels, lubricants and speciality products. Shell stations also deliver the merchandise for personal mobility – vehicle fuels, food and drinks, groceries, and more – all available at the same point in a single purchase.
They provide advanced solutions for industrial and commercial customers, ranging from advice on energy saving to full factory maintenance programs and developing a wider range of e-commerce solutions to meet customer’s changing needs, such as making travel plans with Shell GeoStar.
Manila Electric Company
The Manila Electric Company (PSE: MER and MERB), also known as Meralco (stylized in its logo as MERALCO), is the Philippines’ largest distributor of electrical power. It is Metro Manila’s only electric power distributor and holds the power distribution franchise for 22 cities and 89 municipalities, including the whole of the National Capital Region and the exurbs that form Mega Manila.
The name “Meralco” is an acronym for Manila Electric Railroad And Light COmpany, which was the company’s original name until 1919
Texas Instruments (Philippines) Inc.
Texas Instruments Philippines or simply TI Philippines, a subsidiary of Texas Instruments, is the leading producer of semiconductors and the biggest maker of chips for consumer electronics in the world. The TI Philippines’ assembly and test site in Baguio is one of the company’s most sophisticated assembly facilities to date. The TI Baguio site conducts the final assembly and testing of consumer electronics bound to the United States, Europe, and other parts of Asia.
Since taking the decision to set up in the Philippines 21 years ago, Texas Instruments Philippines has grown tremendously to become the country’s top exporter, with a cumulative value of some $11.2 billion since 1980. Its export revenue in 2000 was valued at $2.1 billion.
Chevron Philippines Inc.
Chevron is one of the largest investors in the Philippines, with more than $2 billion in capital investments.
Chevron’s geothermal operations in the Philippines help make us one of the world’s leading producers of geothermal energy. Through a joint venture, we operate steam fields that use heat from the earth to provide power to plants that serve key population centers in the country. The company’s innovations have helped make the Philippines the second-largest geothermal energy-producing country in the world, after the United States, and are exploring new opportunities for geothermal power in the Philippines.
Chevron holds an interest in the Malampaya gas-to-power project, the first natural gas development and largest industrial project in the Philippines.
Nestlé Philippines, Inc.
Over a hundred years after it first started operations in the country, Nestlé Philippines, Inc. (NPI) today is a robust and stable organization, proud of its role in bringing the best food and beverage throughout the stages of the Filipino consumers’ lives.
The Cabuyao Factory, located in a 25-hectare land area in Barangay Niugan, Cabuyao, Laguna, is the Nestlé Export Center for infant nutrition products. Established in 1976, it manufactures the widest range of products, including NAN, NESTON, BEAR BRAND, NIDO, NESVITA Milks, NESTLÉ ALL-PURPOSE CREAM, Ready-to-Drink MILO, BEAR BRAND, and CHUCKIE
The only manufacturing facility outside Luzon is located in Cagayan de Oro, built on a 25.67 hectare land at Barrio Tablon. The Cagayan de Oro Factory manufactures NESCAFÉ and BEAR BRAND powdered milk drink. The Factory started operations in 1984 and is now the hub of NESCAFÉ production in the country and the Export Center for filled milk powder
The Lipa Factory started operations in 1992 in Barangay Bagong-Pook, Lipa, Batangas. With the biggest land area of 29 hectares, the factory is the Nestlé Export Center for breakfast cereals like NESTLÉ KOKO KRUNCH, MILO Balls, Honeystars, Snowflakes, Honey Gold, FITNESS, and its variants, Banana Nut Clusters, Almond Nut Clusters, Cookie Crisp and Cornflakes. Lipa Factory is the MILO production center of the Philippines. It is also responsible for packing COFFEE-MATE and coffee in jars
Philippine Long Distance Telephone Company
The Philippine Long Distance Telephone Company (Filipino: Kompany ng Teleponong Pangmalayuan ng Pilipinas; PSE: TEL, NYSE: PHI) commonly known as PLDT, is the largest telecommunications company in the Philippines. The latest service revenues reported for the nine months ended September 2013 rose by PHP 2.6 billion or 2% year-on-year to PHP 121.6 billion, with net income rose by PHP 600 million or 2% to PHP 29 billion simultaneously
The Company’s ownership is divided among the Public (53.86%), some private corporations including the Philippine Telephone Investments Corporation (12.05%), Metro Pacific Resources, Incorporation(9.98%), Non-Philippine subsidiaries of First Pacific Company Limited (3.54%), NTT DoCoMo, Inc. (14.5%), NTT Communications Corp(5.85%) and businessmen Manuel V. Pangilinan (0.11%).
PLDT operates its wireless cellular services through its subsidiaries, namely Smart Communications, Talk ‘N Text, Sun Cellular.
Smart Communications is a wholly-owned mobile phone and Internet service subsidiary of PLDT.
As of May 2014, the combined subscriber base of Smart, Talk ‘n Text, and Sun Cellular reached 70.7 million customers.
Smart introduced the first 4G Service in the Philippines. It also provides 2G, 3G, 3.5G HSPA+, 4G LTE services, WiMax, and an SMS-based money remittance system. Smart has 10,509 operating cell sites, 13,149 cellular/mobile broadband base stations, and 2,806 fixed wireless broadband-enabled base stations.
Philippine Associated Smelting And Refining Corporation
Philippine Associated Smelting And Refining Corporation own and operates a copper smelter and refinery in the Philippines. It provides electrolytic copper cathodes, refined copper anodes, doré metals, granulated slag, iron concentrates, selenium powders, and sulfuric acid. The company’s products are used in various applications ranging from building constructions and industrial equipment to transportation, telecommunications, power transmission, consumer electronics, and other high-tech products. It serves refined copper markets in China, Korea, Taiwan, Vietnam, Thailand, Malaysia, Indonesia, and Japan. The company was founded in 1976 and is based in Leyte, the Philippines
The insurance industry posted total assets of PHP891.8 billion in 2013, at a growth rate of 18.84% from PHP750.4 billion recorded in 2012. Total investments likewise rose from PHP511.5 billion in 2012 to PHP550.8 billion in 2013, a 7.68% increase. The bulk of these investments were placed in government securities, stocks, real estate, short-term investments, and other investments permitted under the provisions of the Insurance Code.
The insurance Industry is most paid with PhP 48,758 nowadays.
Philippine Airlines (PAL) (A trading name of PAL Holdings Inc.) (PSE: PAL), also known historically as Philippine Air Lines, is the flag carrier of the Philippines. Headquartered at the PNB Financial Center in Pasay City, the airline was founded in 1941 and is the first and oldest commercial airline in Asia operating under its original name. Out of its hubs at Ninoy Aquino International Airport of Manila and Mactan-Cebu International Airport of Cebu, Philippine Airlines serves 31 destinations in the Philippines and 36 overseas destinations in Southeast Asia, East Asia, Middle East, Oceania, North America, and Europe.
Formerly one of the largest Asian airlines, PAL was severely affected by the 1997 Asian Financial Crisis. In one of the Philippines’ biggest corporate failures, PAL was forced to downsize its international operations by completely cutting flights to Europe and the Middle East, cutting virtually all domestic flights except routes operated from Manila, reducing the size of its fleet, and laying off thousands of employees. The airline was placed under receivership in 1998, and gradually restored operations to many destinations. PAL exited receivership in 2007, and following the brief management takeover by the San Miguel group from 2012 to 2014, has been taking steps towards re-establishing itself as one of Asia’s premier carriers.