SEAToday.com, Jakarta - A total of 20 state-owned enterprises (SOEs) are listed in the Fortune Southeast Asia 500 2024. Indonesia’s largest telecommunications company Telkom Indonesia (@telkomindonesia) was also included in the top 10 list, ranking fifth in Indonesia and 28th globally.

Through SOE Minister Erick Thohir’s Instagram account @erickthohir, Wednesday (6/26), the minister expressed his gratitude for the hard work and transformation of SOEs under his leadership, which was recognized by global media Fortune. This proves that SOEs have successfully become the locomotive of the national economy and have an impact on the progress of Indonesia.

The Fortune Southeast Asia 500 itself is a list of the largest companies in Southeast Asia measured by revenue for the fiscal year 2023.

Here are the list of the Top 10 SOEs on 2024 Fortune Southeast Asia 500:

1. PERTAMINA

World Rank: 3

2. PLN

World Rank: 6

3. BRI

World Rank: 15

4. Bank Mandiri

World Rank: 22

5. Telkom Indonesia

World Rank: 28

6. MIND ID

World Rank: 43

7. BNI

World rank: 62

8. Pupuk Indonesia 

World Rank: 71

9. Garuda Indonesia

World Rank: 125

10. Semen Indonesia

World Rank: 143

Source: Fortune (2024)