Discover the top 10 biggest companies in Singapore by revenue in 2023, including Wilmar International, Flex, Olam, Jardine Cycle & Carriage, Great Eastern, Sea (Garena), Singtel, DBS Group, Singapore Airlines, and Sembcorp.
1. Wilmar International
Industry: consumer staples
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $42640 Millions
Stock symbol: F34.SI
Wilmar International Home Page
Wilmar International is headquartered in Singapore and was founded in 1991. It operates in over 50 countries worldwide, making it a truly global company. Wilmar’s main activities include the processing, merchandising, and distribution of agricultural products such as palm oil, soybean oil, and sugar. The company also offers a wide range of consumer products and services under various brands, including cooking oil, margarine, and specialty fats.
2. Flex
Industry: technology
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $28580 Millions
Stock symbol: FLEX
Flex is a multinational company with its headquarters in San Jose, California. It was founded in 1969. Operating in over 30 countries, Flex is involved in various activities such as design, manufacturing, and supply chain solutions. They offer a wide range of products and services including electronics, automotive, healthcare, and industrial solutions. Flex is known for its strong brands such as Sketch-to-Scale and BrightInsight.
3. Olam
Industry: agriculture
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $24280 Millions
Stock symbol: VC2.SI
Olam is a multinational company with its headquarters in Singapore, founded in 1989. It operates in over 60 countries worldwide, making it a truly global company. Olam is primarily engaged in the sourcing, processing, and distribution of agricultural products such as coffee, cocoa, nuts, and spices. It also offers various services including logistics and risk management. Olam is known for its strong brands such as Olam Cocoa, Olam Coffee, and Olam Spices.
4. Jardine Cycle & Carriage
Industry: automotive
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $18590 Millions
Stock symbol: C07.SI
Jardine Cycle & Carriage Home Page
Jardine Cycle & Carriage is headquartered in Singapore and was founded in 1899. It operates in multiple countries, including Indonesia, Malaysia, Singapore, Thailand, and Vietnam. The company is primarily engaged in the automotive industry, with activities that include the distribution, retail, and after-sales services of motor vehicles. It also has interests in financial services, heavy equipment, mining, and agribusiness. Some of its well-known brands include Mercedes-Benz, Toyota, and Honda.
5. Great Eastern
Industry: insurance
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $13720 Millions
Stock symbol: G07.SI
Great Eastern is a prominent insurance company with its headquarters in Singapore, founded in 1908. It operates in multiple countries, including Singapore, Malaysia, Indonesia, Vietnam, and China. The company’s main activities revolve around providing life and general insurance products and services. Great Eastern offers a wide range of insurance plans, investment-linked products, and health insurance solutions. It is recognized for its strong brand presence and commitment to delivering financial security and protection to its customers.
6. Sea (Garena)
Industry: technology
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $12220 Millions
Stock symbol: SE
Sea (Garena) is headquartered in Singapore and was founded in 2009. It operates in multiple countries, including Indonesia, Thailand, Taiwan, Vietnam, and the Philippines. Sea’s main activities revolve around digital entertainment, e-commerce, and digital financial services. It offers a wide range of products and services, including online gaming, e-commerce platforms, and mobile payment solutions. Some of its notable brands include Garena, Shopee, and AirPay.
7. Singtel
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $12030 Millions
Stock symbol: Z74.SI
Singtel, headquartered in Singapore, was founded in 1992. It operates in multiple countries, with a presence in 21 countries across Asia, Africa, and Australia. Singtel is primarily engaged in providing telecommunications services, including mobile, fixed-line, and internet services. It also offers digital solutions, data centers, and managed services. Singtel is known for its brands such as Singtel, Optus, and Globe.
8. DBS Group
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10540 Millions
Stock symbol: D05.SI
DBS Group is headquartered in Singapore and was founded in 1968. It operates in multiple countries, including Singapore, Hong Kong, China, India, Indonesia, and Taiwan. The company’s main activities revolve around banking and financial services, offering a wide range of products and services such as consumer banking, corporate banking, wealth management, and treasury services. DBS Group is known for its strong brand presence and has been recognized as one of the leading financial institutions in Asia.
9. Singapore Airlines
Industry: transportation
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $9490 Millions
Stock symbol: C6L.SI
Singapore Airlines is headquartered in Singapore and was founded in 1947. It operates in multiple countries, serving a total of 64 destinations worldwide. The main activities of Singapore Airlines include providing passenger and cargo air transportation services. They offer a range of products and services, including premium cabin classes, in-flight entertainment, and gourmet dining options. Singapore Airlines is known for its exceptional service and is recognized as one of the world’s leading airlines.
10. Sembcorp
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $7070 Millions
Stock symbol: U96.SI
Sembcorp is headquartered in Singapore and was founded in 1998. It operates in multiple countries, with a presence in over 20 countries worldwide. The company is primarily engaged in the provision of essential energy and water solutions. Their main activities include the generation and supply of electricity, as well as the treatment and supply of water. Sembcorp also offers a range of environmental services and sustainable solutions.
More: The Singapore Economic System: An Analysis
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