Singapore, the land of opportunities, is a hub for numerous multinational corporations. The country offers an ideal business-friendly environment that makes it an attractive destination for many international companies. These companies have played a significant role in shaping the economic and commercial landscape of Singapore. Here is a list of the 8 biggest companies in Singapore and their impact on the economy.
DBS Group Holdings Ltd
DBS Group is Singapore’s largest bank and the strongest player in the financial sector. The bank has over 3.6 million customers in the region and operates in 17 markets globally. DBS Group Holdings’ headquarters are in Marina Bay and have a market capitalization of $55 billion as of 2021.
Singapore Telecommunications Limited (Singtel)
Singtel is Singapore’s largest telecommunications company and has a market capitalization of $45 billion. The company provides 4G and 5G networks, digital television, and internet services in the Asia-Pacific region. Singtel also operates in Australia, India, Indonesia, and Thailand.
Oversea-Chinese Banking Corporation Limited (OCBC)
OCBC is another major bank in Singapore and is the second-largest financial services group in Southeast Asia by assets. The bank has a market capitalization of $37 billion and has a network of more than 570 branches and representative offices in 19 countries.
United Overseas Bank Limited (UOB)
UOB is the third-largest bank in Singapore and has a market capitalization of $32 billion. The bank provides financial services to clients in Asia and has a global network of over 500 offices in 19 countries.
Jardine Matheson Holdings Ltd
Jardine Matheson Holdings is a diversified conglomerate that operates various businesses such as engineering, trading, and retailing. The company’s portfolio includes Hongkong Land Holdings, Mandarin Oriental Hotel Group, Dairy Farm International Holdings, and Jardine Pacific. The company has a market capitalization of $41 billion and is listed on the London Stock Exchange.
Singapore Exchange Limited (SGX)
SGX is Singapore’s primary stock exchange and is a leading Asian exchange in terms of listings and market capitalization. The exchange has a market capitalization of $9 billion and provides a range of services such as securities trading, clearing, and settlement.
Keppel Corporation Limited
Keppel Corporation is one of the largest conglomerates in Singapore that provides services such as offshore and marine engineering, property development, and infrastructure. The company’s subsidiaries include Keppel Land, Keppel Offshore & Marine, and Keppel Infrastructure. The company has a market capitalization of $8 billion.
CapitaLand is a leading real estate developer in Singapore that operates in more than 30 countries. The company’s portfolio includes residential, commercial, and retail properties. CapitaLand’s subsidiaries include Ascott Limited and CapitaMall Trust. The company has a market capitalization of $15 billion.
These 8 companies are the largest in Singapore in terms of market capitalization and play a crucial role in the country’s economy. Their operations span across different industries such as finance, telecommunications, real estate, and more. They contribute to the country’s growth and development, making Singapore one of the most prosperous economies globally.