Prime Minister Sheikh Hasina has ranked 30th on the Forbes list of 100 most powerful women in the world this year climbing six notches up from the last year’s position.
US-based global business magazine Forbes published the list on Wednesday.
Myanmar's leader Aung Sung Suu Kyi ranked 33rd falling seven steps from last year’s position.
Forbes said: “In stark contrast to Aung San Suu Kyi, Sheikh Hasina the ‘lady of Dhaka’ has promised aid to Rohingya Muslim refugees fleeing Myanmar, allotting 2,000 acres of land… for the refugees.”
“Citing Bangladesh's own state-sanctioned genocide during 1971's Liberation War, Hasina is ‘proud to bear the bulk of the cost’ of the relocation of these refugees to her country. This includes issuing identification cards and providing childhood immunizations,” it added.
In this year’s ranking, Sheikh Hasina has been recognised as the most powerful woman in South Asia and the third in Asia.
The two other Asian powerful women ahead of Sheikh Hasina are Tsai Ing-wen, the first female president of Taiwan (15th) and Ho Ching, CEO of Temasek Holdings of Singapore (28th).
Forbes said Suu Kyi has left the world dumbfounded as she has appeared to stand quietly when the Myanmar army engaged in what the UN has referred to as an ethnic cleansing of Rohingya Muslims.
Suu Kyi, who was held under house arrest in her country for 15 years, was viewed as the face of change for a nation of 55 million who had been under military control since 1962.
“The current crisis suggests that either Suu Kyi was not the peace activist many mistook her for or that as Myanmar's state counselor, she has very little power to wield,” the magazine said.
For the seventh consecutive time and 12 times in total, German Chancellor Angela Merkel has topped the list, with British Prime Minister Theresa May on the slot for the second most powerful woman.
May is followed by Melinda Gates, wife of Microsoft owner Bill Gates and co-chair of the Bill and Melinda Gates Foundation. Last year, she was fourth in the list.
The other two in the top five are Facebook COO Sheryl Sandberg (fourth) and General Motors CEO Mary Barra (fifth).
The others in the top 10 of the list include YouTube CEO Susan Wojcicki (sixth), International Monetary Fund Managing Director Christine Lagarde (eighth), and IBM CEO Ginni Rometty in the 10th spot.
Surprisingly, former US secretary of state Hillary Clinton, who was the second most powerful woman in the list last year, got pushed down 63 spots on it to 65 this year after her stunning loss in the 2016 US presidential election.
Hasina, the ruling Awami League president since 1981, is currently serving as the Bangladesh prime minister for the third term.
On this year’s Forbes list, the 100 female politicians, business leaders, entrepreneurs, investors, scientists, and philanthropists are from 27 countries -- 48 from the US alone and three from China.