Petronas has retained its position as Malaysia’s most valuable brand for the 12th consecutive year, according to brand valuation consultants Brand Finance.
The brand value of Petronas rose by 13% to US$13.6 billion (RM60.6 billion), over three times higher than the second most valuable Malaysian brand, Genting. Genting’s brand value rose by 44% to US$4.5 billion (RM20 billion).
Overall, brand values of top Malaysian brands have seen growth as the country bounces back from the Covid-19 pandemic, with Malaysia’s 100 most valuable brands worth 21% more in 2022, up from US$44.4 billion (RM197 billion) to US$53.7 billion (RM239 billion).
Making up the top 10 list are Genting (2nd), Maybank (3rd), CIMB Bank (4th), Tenaga Nasional (5th), Sime Darby (6th), Public Bank (7th), Maxis (8th), Air Asia (9th) and Telekom Malaysia (10th).
“Top-performing brands in the oil and gas, banking and telecommunications sector, including Petronas, Maybank, and Affin Bank, continue to innovate using digital transformation and are making up for losses incurred during the COVID-19 pandemic,” said Brand Finance’s Asia Pacific MD Alex Haigh.
According to the company, Petronas’ sustainability agenda and increased demand for its core products contributed to its brand value growth. Aside from strengthening its growth portfolio, the national oil and gas firm also aims to achieve its goal of net zero carbon emissions by 2050.
Recently, Petronas introduced a new entity, Gentari, to accelerate the adoption and commercialisation of clean energy. The company is also targeting to be a significant green mobility solutions provider, by providing around 25,000 EV charging points by 2030.
Looking to sell your car? Sell it with Carro.
keep up the down trend, so governement no need to scratch head how to make up the plan to divert subsidy. don’t go too low though, they will complaint again revenue lost and need to tax more from income tax on t20…
With world oil prices being all time high it is to no surprise they are still the MVP brand in Malaysia. I doubt oil prices will drop further as pump prices already are unsustainable as it is today.
Could’ve been Grab. Oh well…
You meant that company who got filthy rich thru mistreating their workers til they had to do a highly publicity damaging strike? What a joke, they are no better than Top Glove who was the cause of us dropping to USA Tier 3 watchlist. If Grab had successfully been listed in USA, they woulda suffered massive stock drop due to the strike news.
But Grab IS listed in NASDAQ, which is USA based? Am I missing something?
They had a SPAC deal but nothing firm yet
airasia? joker ah
Correct. How true these listing is questionable. Airasia, a PN17 company, listed at RM 1.7B? Genting which still losing money and have bankruptcy hanging on their Germany & Hong Kong operations listed? What a joke.
April fool is it
I fill in RM50 of Petronas fuel near my house to go to work on Monday. With that much I can use it for 4 days come and back to work.
BUT, with Shell and Petron I can use it for 5 days. I can get better mileage with Shell and Petron. With cost of living at its peak now, I will never visit Petronas ever again.
OK.
But better than BHP
Winning locally here means nothing. Shock sendiri only!
Genting groups are hard earned money, Petronas is dropping from sky. Sleep do nothing also earning money.