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Fortune Asia Magazine - October - November 2025

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In this issue

The 2025 MPW Asia List
Plus: The 12 Most Influential Women in the Region

Change the World:50 Companies
Making a Difference
EDITED BY MATT HEIMER & NICHOLAS GORDON

Tan Su Shan of DBS Group
BY CLAY CHANDLER

LEADING THROUGH AN AI BUBBLE

Lots of companies will implode in any short-term bubble. But the best leaders will adopt and adapt to AI after the froth subsides.

2 mins

WE'RE NOT IN AN 'AI WINTER-BUT HERE'S HOW TO SURVIVE A COLD SNAP

OVER THE NEARLY three years since ChatGPT's launch in November 2022, generative AI has created a frenzy that has radiated like the midday summer sun—hot and unrelenting.

3 mins

Investing in Global Growth for Solid Returns

Maintaining faith in its founding mission has proven profitable for China Construction Bank.

3 mins

TECH THE AI OF THE HURRICANE

WHEN NASA and its Soviet rivals launched the first meteorological satellites into space in the 1960s, weather forecasts on Earth changed forever. With a constellation of eyes in the sky, forecasters could suddenly monitor conditions over oceans and remote landmasses, filling in major gaps in their models and providing an early warning system about potential storms forming far away.

4 mins

MAKING A BRIGHT WORLD

JAPAN HAS LONG BEEN synonymous with forward-thinking. From hybrid vehicles and bullet trains to games consoles and karaoke, Japanese companies have consistent- ly brought groundbreaking ideas to life, reshaping industries and enriching everyday experiences around the world.

2 mins

SUSTAINABLE GROWTH WITH SYNERGY

Beltecno and BT Holdings are expanding their global impact through new water infrastructure and renewable energy projects.

1 mins

PASSIONS BE OUR (ONLY) GUEST

AFTER THE MANGOSTEEN daiquiri misted tableside with lime oil, the cheesy garlic naan, the broccoli salad with pistachios and mint, the pink peppered pineapple soda, the tandoori half-chicken with tingling green chutney, the crock of thick, savory, buttery black dal—after all that, served in the celadon-green Permit Room in Notting Hill, no, I did not need dessert.

3 mins

Democratizing Talent for Future Readiness in Johor

Johor Corporation's programs are building a future-ready workforce while fostering innovation and equitable growth within the Johor-Singapore Special Economic Zone.

3 mins

MCKINSEY ALUMS DOMINATE THE WORLD'S C-SUITES. WILL AI DRY UP THE FIRM'S CEO PIPELINE?

THE CONSULTING GIANT HAS PRODUCED MORE FORTUNE 500 CEOS THAN ANY OTHER INSTITUTION. NOW IT'S SPRINTING TO RETHINK HOW IT TRAINS LEADERS.

10+ mins

Solid Branding, Vertical Integration, and Asia Focus are Ingredients for Growth

Food Empire is brewing record-breaking success through strategic manufacturing investments and rising demand in Southeast Asia, especially Vietnam.

2 mins

THE BATTLE TO SAVE INTEL

BUOYED BY EMERGENCY INVESTMENTS FROM THE U.S. GOVERNMENT AND INDUSTRY PEERS, ONE OF AMERICAʼS GREATEST TECHCOMPANIES IS IN THE FIGHT OF ITS LIFE.

9 mins

WANNA BET? WHY INVESTORS ARE GAMBLING ON KALSHI AND POLYMARKET

THE 2024 ELECTIONS SHOWED THE POTENTIAL AND POPULARITY OF “PREDICTION MARKETS.” BUT THE STARTUPS AND THEIR HEADSTRONG YOUNG FOUNDERS STILL FACE LONG ODDS.

10+ mins

RESTORING THE AURA OF RALPH LAUREN

A DECADE AGO, RALPH LAUREN THE COMPANY WAS JEOPARDIZING ITS LUXURY REPUTATION AND WATCHING PROFITS PLUMMET. THE SOLUTION: FINDING THE RIGHT PARTNER FOR RALPH LAUREN, THE MAN. HOW PATRICE LOUVET HELPED AMERICA'S MOST IMPORTANT FASHION COMPANY GET ITS GROOVE BACK.

10+ mins

ESPIONAGE ENTERS THE CHAT

HOW NORTH KOREAN AGENTS FUNNELED UP TO $1 BILLION FROM CORPORATIONS INTO KIM JONG-UN'S NUCLEAR PROGRAM.

10+ mins

100 MOST POWERFUL WOMEN ASIA 2025 - TAN SU SHAN

THE FIRST WOMAN TO LEAD SOUTHEAST ASIA'S LARGEST BANK HAS AN AMBITIOUS AGENDA—AND NO ILLUSIONS ABOUT THE CHALLENGES AHEAD.

10+ mins

100 MOST POWERFUL WOMEN ASIA 2025- MALINA NGAI

THE CEO OF THE HONG KONG-BASED HEALTH AND BEAUTY GIANT WANTS TO BRING MORE SCIENCE TO THE ART OF RETAIL.

5 mins

100 MOST POWERFUL WOMEN ASIA 2025 - LUCY LIU

AS COFOUNDER AND president of Airwallex, Lucy Liu propelled the Australian-born fintech from a bold idea to a global powerhouse. In 2015, at just 25 and a scant few years out of the University of Melbourne, Liu wrote a $1 million seed check over dinner to launch what would become a cross-border payments platform now serving 150,000 businesses.

1 mins

100 MOST POWERFUL WOMEN ASIA 2025 - JOSEPHINE TEO

SINGAPORE'S MINISTER FOR DIGITAL DEVELOPMENT & INFORMATION; CYBERSECURITY & SMART NATION LEAD

1 mins

100 MOST POWERFUL WOMEN ASIA 2025 - YURIKO KOIKE

TOKYO'S THREE-TERM GOVERNOR AND REFORM-MINDED POWER BROKER

1 mins

100 MOST POWERFUL WOMEN ASIA 2025 - GRACE WANG

COFOUNDER, CHAIRWOMAN, AND CEO, LUXSHARE PRECISION INDUSTRY

1 mins

100 MOST POWERFUL WOMEN ASIA 2025 - BLACKPINK

LISA, JENNIE, ROSÉ & JISOO-GLOBAL, FASHION-FORWARD K-POP POWERHOUSES

1 mins

ENGINEERING A DEFENSIVE EDGE

ASELSAN's innovation-first approach is reshaping defense at home and abroad.

3 mins

ACCELERATING THE GREEN TRANSITION

Japanese climate technology firm ASUENE is expanding its global model through mergers and acquisitions to support U.S. business.

2 mins

ENVIRONMENT

THE WARMING CLIMATE HAS BUSINESSES WORLDWIDE ON HIGH ALERT. THESE COMPANIES ARE USING THEIR MARKET POWER TO HELP HUMANITY CONTAIN ITS CARBON EMISSIONS.

1 mins

SERVING THE UNDERSERVED

HELPING SOCIETY'S MOST VULNERABLE, INCLUDING BY PROVIDING WORK OPPORTUNITIES, IS GOOD BUSINESS FOR THESE COMPANIES.

1 mins

PUBLIC HEALTH AND SAFETY

MORE NUTRITIOUS FOOD, BETTER ACCESS TO MEDICATION, AND SAFER HIGHWAYS ARE AMONG THE HIGH-PRIORITY BUSINESS GOALS OF THESE COMPANIES.

1 mins

ECONOMIC EMPOWERMENT

A STRONGER WORKFORCE MAKES THE WORLD MORE PROSPEROUS. THESE COMPANIES ENSURE THAT WORKERS GET ACCESS TO OPPORTUNITIES AND TOOLS-INCLUDING, OF COURSE, AI.

1 mins

WHEN THE MACHINES CAME FOR AMERICAN JOBS

“FARM MECHANIZATION HAS JUST BEGUN,” proclaimed the cover of Fortune's October 1948 edition. And indeed, the rise of machines such as the tractor was causing profound changes in the American workforce, the accompanying article explained: “In 1800 three out of four in the working population were in agriculture...In 1948 only one in seven U.S. workers is needed to provide the nation’s food.” That trend continued: In 2003, Fortune reported that the agricultural workforce made up just 2% of employment—yet farms still produced a more-than-adequate bounty for American consumption and export.

1 mins

Read all Stories from Fortune Asia

Fortune Asia Magazine Description:

Publisher: Fortune-Media-Hong-Kong-Limited

Category: Business

Language: English

Frequency: Bi-Monthly

Fortune Asia Magazine, published by Fortune Magazine, is a monthly magazine covering business and finance in Asia. It is one of the most authoritative and respected business magazines in the region.

Fortune Asia covers a wide range of topics related to business and finance in Asia, including:

* Company profiles and interviews with CEOs

* Analysis of industry trends and developments

* Reports on mergers and acquisitions

* Coverage of economic and political developments

* Insights from leading experts

The magazine is known for its in-depth reporting and its willingness to tackle difficult subjects. It is also known for its high-quality writing and its stunning photography.

Fortune Asia is a must-read for anyone who wants to stay informed about the latest trends and developments in business and finance in Asia. It is also a valuable resource for anyone who wants to understand the region's economy and politics.

If you are interested in business and finance in Asia, then Fortune Asia Magazine is the perfect resource for you. Subscribe today and start your journey to a more informed and engaged business leader!