From Bangkok to Phnom Penh: Asia’s corporate power is going female
After years of pushing for greater female representation in leadership roles across politics and business, the efforts are beginning to pay off—especially in the Asia-Pacific region, where new data reveals measurable progress.
Thailand stands out with the highest proportion of female CEOs globally, with 30% of companies employing female CEOs. Prominent leaders include Saowaluck Thithapant, Group CEO of Makro Business, who was ranked 22nd in Fortune's "Most Powerful Women Asia 2024" list.
Additionally, Wannipa Bhakdibutr, CEO of Osotspa Public Company Limited, has been recognised as "Thailand’s Top CEO of the Year 2023" in the manufacturing industry.
Cambodia has also seen influential female entrepreneurs making significant strides. Cham Krasna, CEO of Soma Group, has been instrumental in diversifying the conglomerate's portfolio. Furthermore, Rothna Buth made history by becoming the first female Executive Director of the ASEAN Regional Mine Action Centre (ARMAC) in 2024.
Myanmar, on the other hand, is experiencing a rise in women-led enterprises. Thiri Aung, CEO and Founder of Women Transforming Myanmar, has been pivotal in supporting women entrepreneurs and fostering gender equality. Additionally, Thida Win, CEO of Plan Bee, leads a social enterprise that promotes sustainable honey production while empowering local communities.
Mongolia reports that women head 24% of its top 100 companies, reflecting a strong presence in business leadership. Khulan Tumurbaatar, CEO of the Mongolian Renewables Industries Association, is a notable figure advocating for sustainable energy solutions.
Moreover, over 50 Mongolian companies have received the “Women Owned” certification label, highlighting the growing influence of women in the business sector.
While the Asia-Pacific region's overall economic participation and opportunity score stands at 71.7%, the disparities between countries are notable. At the lower end of the spectrum, Vietnam (22.4%) and Indonesia (22.1%) continue to struggle with challenges in promoting women to top-tier roles.
The push for gender equity in boardrooms and executive suites appears to be gaining ground, but the uneven distribution underscores the need for continued advocacy and structural reforms across the region.
