Dr. Kongkapan Intarajang, the CEO of PTT Public Company Limited, has made headlines by securing the 66th spot on the list of the world's top 100 CEOs, as well as placing fourth among leaders from oil and gas companies according to Brand Finance's Global 500 ranking for 2025. This recognition highlights his commitment to enhancing corporate brand value, as reflected by his score of 76.4 on the Brand Guardianship Index.
The Honorable CEO exemplifies key qualities identified by Brand Finance, including genuine care for employees, inspirational leadership, reliability, and awareness of client needs. He is also noted for his sustainability leadership, long-term focus, clear strategy, brand recognition, and business acumen. Notably, PTT has been recognized as the only Thai company featured among the top 500 global brands, advancing to 249, up from 267 the previous year, with brand value exceeding $9 billion—a remarkable growth of over 11%.
"Dr. Kongkapan has showcased remarkable vision and innovation through his unwavering commitment to creating long-term value and sustainable development," said Alex Haigh, Managing Director of Brand Finance Asia Pacific. This evaluation resonates with PTT's dual mission of ensuring national energy security and fostering business growth rooted in sustainable practices.
Beyond ensuring energy stability, PTT is dedicated to improving the quality of life for Thai citizens and actively supporting the country during crises, balancing stakeholder interests along the way. Dr. Kongkapan reiterated the importance of PTT's mission, aiming to maintain energy security and achieve sustainable growth as part of the organization’s vision of enhancing Thailand’s resilience and pursuing global growth.
Meanwhile, the recent surge of foreign currency deposits within China highlights economic trends influenced by concerns over the yuan’s depreciation amid trade tensions with the United States. Reports indicate this monetary movement reached nearly $40 billion, marking the largest monthly increase since April 2021. The People's Bank of China revealed total foreign currency deposits reached nearly $892.4 billion, reflective of both general public and corporate actions aimed at hedging against potential currency volatility.
According to Bloomberg, the increase also correlates with fears surrounding impending tariff policies proposed by former President Trump. Lynn Song, Chief Economist at ING Bank NV, noted seasonal growth is typical for foreign currency savings at the year's start. Yet, the prevailing anxiety over the yuan’s stability has spiked significantly post-election win for Trump, raising questions about the future direction of yuan reserves.
Conversely, the Government Housing Bank (GHB) of Thailand recently introduced five special loan products aimed at supporting senior citizens, facilitating access to homeownership, and improving lifestyles for the elderly amid the country's aging population. These products, which include various options for purchasing, renovating residences, and reverse mortgages, are set to begin accepting applications from February 17, 2023, extending through January 30, 2024.
General Manager Kamolphop Weeraphol emphasized the institution’s role as a state financial entity charged with promoting housing availability for all. Each loan program offers favorable interest rates and operational terms uniquely structured for elder applicants, illustrating the government’s commitment to enhancing elder care and financial support.
On the political front, concerns surrounding legislative stagnation have resurfaced, particularly following remarks by Wisut Chaiyanurun of the Pheu Thai Party. He indicated the party does not procrastinate legislative processes but wishes for proper judicial interpretation related to congressional authority, particularly about the Proposed Act. He asserted the necessity of thorough internal discussions among party members before engaging the presiding council on legislative matters.
The upcoming deliberations on issues such as ASEAN trade liberalization and ASEAN food safety legislation signal growing legislative activity within the Thai government, with Wisut expressing confidence in the administration's capability to navigate upcoming budget discussions.
Meanwhile, Prime Minister Prayuth Chan-o-cha is preparing to welcome Laos Prime Minister Sonexay Siphandone for an official visit on February 20, 2023, emphasizing the importance of 75 years of diplomatic relations between Thailand and Laos. The visit entails significant discussions focused on enhancing bilateral ties across various domains, ranging from economic cooperation to addressing mutual challenges.
Jirayu Huangthorp, the government spokesperson, confirmed substantial engagement aimed at reinforcing cooperation, which includes ceremonial activities celebrating the diplomatic milestone. Joint discussions could lead to enhanced strategies targeting economic development and challenges both nations face.
Finally, Donchaya Pichayanunt, Secretary General of the National Economic and Social Development Council (NESDC), alerted to economic risks posed by protectionist trade policies expected to grow during the latter half of 2023. He advocated for bolstered government measures to stimulate economy-through public investment and export promotion, recognizing the importance of preferable timing for resource allocation.
He also articulated concerns over future monetary policy, asserting it may not be necessary to influence economic conditions at this moment due to Taiwan's continued growth. Notably, specific fiscal provisions remain available with remaining funds requiring thoughtful application to drive the economy forward.
Overall, Thailand continues to navigate complex economic and political landscapes, marked by proactive leadership and responsive governance aimed at enhancing citizen welfare and driving sustainable development.