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Paetongtarn Shinawatra: Thailand’s Young PM Among Forbes’ Most Powerful Women 2024

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In the bustling city of Bangkok, a sense of pride filled the air as Prime Minister Paetongtarn Shinawatra stepped up to the podium on December 12th to spotlight her government’s remarkable achievements. The stylish and dynamic leader had yet another feather to add to her cap, as she was recently hailed by Forbes Magazine as one of the “100 World’s Most Powerful Women 2024.” With her exuberant charisma, it wasn’t surprising that Paetongtarn was ranked 29th worldwide, and an impressive third in Asia. The region’s list also included other powerhouse women, notable as much for their influence as their trailblazing journeys. Leading up the ranks just ahead of her were Sandy Ran Xu, the savvy CEO of the Chinese e-commerce titan JD.com, at 27th place, and India’s Finance and Corporate Affairs savvy Minister, Nirmala Sitharaman, who held the 28th spot.

Further down the list, Southeast Asia made a strong showing with accomplished figures like Temasek Trust’s astute chairwoman, Ho Ching, taking 32nd place, and Indonesia’s decisive Minister of Finance, Sri Mulyani Indrawati, at 49th. Singapore’s corporate world was represented by Helen Wong, the dynamic Group CEO of OCBC, in the 59th spot, and Jenny Lee, the strategic Senior Managing Partner at Granite Asia, who rounded out the region’s top influencers in 96th place.

Paetongtarn, who had previously graced the “Time 100 Next” list as a leader to watch, had captured both local and international attention, sparked by her meteoric rise to become Thailand’s youngest prime minister at age 37. As Ms. Jiraporn Sindhuprai, Minister to the Prime Minister Office, enthusiastically reminded us, “Ms. Paetongtarn is the youngest female prime minister in the history of Thailand!” Her tenure has been marked by a proactive response to numerous domestic crises, from orchestrating flood control initiatives across several provinces to swiftly addressing a harrowing school bus fire disaster. Her decisive handling of such events underscored her commitment to her country, supported by the strong policies she pursued since assuming office.

These policies are nothing short of transformative, encompassing a range of social and economic measures, such as a three-year suspension of farmer debt to provide reprieve to struggling agriculturists, invigorating the nation’s tourism through free visas to attract globetrotters, and the bold 10,000 baht cash handout program designed to stimulate economic activity. Beyond these economic strides, her government also championed the marriage equality law, a progressive step forward in social justice, and expanded the landmark 30-baht universal healthcare project, ensuring broader healthcare access for all.

The Forbes 2024 Power List is a testament to her extraordinary legacy, assessed through a rigorous process that considers factors like financial prowess, media presence, societal impact, and spheres of influence. For political figures like Paetongtarn, criteria such as gross domestic product and population sizes were pivotal to the evaluation, whereas, for corporate leaders, metrics including revenue, employee numbers, and valuation were scrutinized. The coverage showed that the women on this list collectively wield astonishing economic power — to the tune of $33 trillion — and influence more than a billion lives globally through policy innovation and exemplary leadership. Forbes’ portrayal of these women rebuts the age-old skepticism regarding a woman’s capability to lead, affirming that their achievements across finance, technology, media, and beyond are testament to their adeptness and resilience.

28 Comments

  1. Joe December 15, 2024

    I’m so proud of Paetongtarn Shinawatra’s achievements! It’s refreshing to see a young leader making such a positive impact in Thailand and globally.

    • Sarah December 15, 2024

      True, but being young doesn’t necessarily mean better governance. Everyone hypes her because she’s the youngest but let’s not forget the ongoing issues in Thailand.

      • Joe December 15, 2024

        I agree, Sarah. No leader is perfect, but she’s tackling key issues and that deserves some recognition. She’s got a long way to go, but her potential is immense.

  2. grower134 December 15, 2024

    Why are we glorifying politicians in the first place? They should be serving us, not landing on Forbes for it.

    • Larry D December 15, 2024

      That’s a fair point, but recognition can amplify their influence to push for crucial changes. Plus, it might inspire other women to pursue leadership roles.

      • grower134 December 15, 2024

        Inspirational as it sounds, should leadership be about celebrity clout or effective governance? Look at politics now. It’s basically a popularity contest.

  3. Kenny December 15, 2024

    Paetongtarn’s debt relief program for farmers is a game-changer! Hopefully, this will pave the way for sustainable agriculture in Thailand.

    • Nina B. December 15, 2024

      Game-changer? Debt relief is temporary at best. We need long-term policies, not bandaid solutions.

      • Kenny December 15, 2024

        Long-term solutions are necessary, but immediate relief can keep farmers afloat in the meantime. It’s a start, not the end.

  4. Olivia R. December 15, 2024

    She might be popular now, but I’m concerned about the political influence of her family’s long history in Thai politics. Could be more nepotism than talent.

  5. Harold88 December 15, 2024

    Marriage equality law in Thailand? Now that’s something to celebrate! It feels like the whole world is starting to wake up.

    • Zoe71 December 15, 2024

      It really is amazing! Let’s hope it’s implemented effectively and doesn’t just stay a feel-good campaign promise.

  6. Theo December 15, 2024

    Okay, but can we talk about how JD.com’s Sandy Ran Xu is ranked higher? Which one really influences more people on a daily basis?

    • Ella G. December 15, 2024

      Different spheres of influence. One in commerce, the other in politics. It’s like comparing apples and oranges. Both matter.

  7. Larry Davis December 15, 2024

    Forbes lists are always subjective. Do they really reflect the true power dynamics in the world, or just who played the media game best?

    • Sophia December 15, 2024

      They definitely highlight trends, but yeah, media presence skews perception quite a bit.

  8. Jake December 15, 2024

    I think the 10,000 baht handout program is a smart move to boost the economy. It’s a practical approach to stimulate local markets.

    • Maya L. December 15, 2024

      That’s only temporary economic stimulation. What’s needed is sustainable development and job creation, don’t you think?

  9. YoLee23 December 15, 2024

    Putting a politician in the same list as business leaders and tech giants makes you wonder how much influence they actually have.

  10. greg_h December 15, 2024

    Thailand’s focus on tourism is smart, but we shouldn’t forget environmental costs. Sustainable tourism needs to be a priority.

  11. yumi.j December 15, 2024

    Honestly, it’s empowering to see so many women from Asia making it on the power list. This is a step toward gender equality.

    • George December 15, 2024

      True, yumi.j. It’s crucial for representation. However, we need to make sure this isn’t just symbolic and actually leads to social changes.

  12. alana.ph December 15, 2024

    Expanding healthcare sounds great on paper, but what’s the quality like? Just widening access isn’t enough without maintaining standards.

  13. Samuel December 15, 2024

    It’s intriguing how the combined economic power of women on the list is stated. Makes one wonder about the unseen influence women have globally.

    • Haley December 15, 2024

      The influence is there, but economic power doesn’t always translate to societal change. That needs a cultural shift too.

  14. Mike P. December 15, 2024

    All this recognition is fine, but how about addressing human rights issues in Thailand beyond these glamorous stories?

    • Emily December 15, 2024

      Hard agree, Mike. Media loves to spin a positive tale, but the grassroots challenges persist beyond such accolades.

  15. Chris December 15, 2024

    I think it’s great that we’re recognizing diverse leadership styles. Paetongtarn’s approach might inspire future generations differently.

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