Top 20 Prominent Business Leaders in Asia - 2023

Thriving Business & Economy in Asian Region
Asia is one of the most digitized regions in the world with 2.3 billion internet users, which is around 50.3 percent of world’s internet user population. Asian countries are prompting expansion of foreign businesses to Asia, through favourable business regulations, enticing tax rates and a growing talent pool. Many Asian countries are ranked top as world’s best countries to do business. According to the World Bank’s Doing Business 2020 annual report, Singapore is one of the world’s best places to do business among 190 countries. Hongkong, Malaysia and Japan are also ranked high in the list.

The Evolution Strategy
Asia is already home to 50 percent of world's fastest growing companies. By 2025, it will account for half of the world’s GDP and will be home to four of the largest global economies China, India, Japan, and Indonesia. Ranked the world’s most competitive economy, hightech Singapore is a leading financial hub and strategic destination in Asia. The huge population of India comprising of high-skilled workforce with proficiency in English gives the country huge growth potential. China is still the world’s fastest-growing economy, thanks to capital investment, export growth and strong infrastructure. Malaysia, Indonesia and the Philippines have all demonstrated steady economic growth thanks to political stability, shrinking poverty and foreign investment.

Widening Asian Owned Businesses
Asian business ownership is defined as having persons of Asian Indian, Chinese, Filipino, Japanese, Korean, Vietnamese or other Asian origin, owning 51 percent or more of the stock or equity in a nonfarm business operating in the US. Survey shows that from corner grocery stores to major companies, Asian-American entrepreneurs are playing a major role to make the US thrive.

CEO Insights in this issue presents a list of `Top 20 Prominent Business Leaders in Asia - 2023' who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts Wand our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.