Dr Malina Ngai, Group CEO of health and beauty retailer AS Watson, has been named one of Fortune’s Most Powerful Women in Asia for 2025. Ngai ranks sixth on the list and was the only retail executive in the top 10. The Award from media company Fortune recognizes women who are transforming business across Asia’s major financial, consumer and technology centers. In selecting the winners, Fortune evaluated company scale and health, career momentum, influence, innovation and efforts to drive social impact. The award was presented to Ngai at the Fortune Innovation Forum gala dinner held in Kuala Lumpur, Malaysia last night.
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