MANILA, Philippines - Three businesswomen from the Philippines were included in Forbes magazine's list of 50 most powerful businesswomen in Asia.
Teresita Sy Coson, vice chairman of SM Investments and chairman of BDO Unibank, was included in Forbes Asia's Power Businesswomen list for the fourth time in a row.
Sy-Coson, daughter of the Philippines' richest man Henry Sy, was cited for her vision for the family company.
"Under her lead SMIC became the largest listed company on the Philippine Stock Exchange by market cap," Forbes noted.
The 2015 Forbes Asia Power Businesswomen list includes 50 women from various industries in the region, including venture capitalism, construction, malls, telecommunications and retail.
Helen Yuchengco Dee, chairman of Rizal Commercial Banking Corp., also made it to the Forbes list. She was cited for leading the Yuchengco group of companies which includes RCBC, non-life insurance firm Malayan Insuance and construction firm EEI.
Yuchengco-Dee, the eldest of 8 children of tycoon Alfonso Yuchengco, was quoted by Forbes as saying she is "more conservative than her risk-taking father, now 92."
The Yuchengo family ranks 23rd on the Forbes Asia rich list for the Philippines, with an estimated net worth of $685 million.
Zenaida Rustia-Tantoco, chairman and CEO of SSI Group and Rustan's Commercial, is the third Filipina in Forbes Asia's Power Businesswoman list. SSI, which listed on the Philippine Stock Exchange last year, is the specialty retail arm of Rustan's group.
"With more than 700 sales outlets in 69 malls nationwide, including the upscale Rustan’s department stores, Tantoco is poised to build further on what her parents founded 60-plus years ago," Forbes said.
Among the top businesswomen on Forbes Asia's Power Women list are Singapore’s Temasek executive director and CEO Ho Ching, MGM China co-chairman Pansy Ho, Huawei Technologies chairman Sun Yafang, Australia's Hancock Prospecting executive chairman Gina Rinehart and Thailand's Central Department Store Group CEO Yuwadee Chirathivat.
On the cover of the Forbes Asia issue is newcomer to the list Noni Purnomo, the president director of Blue Bird Group Holding, the largest taxi company in Indonesia.
Businesswomen from China and Hong Kong once again dominated the list with 14, followed by India with six, Thailand with five and Singapore with four. South Korea, Australia, the Philippines and Indonesia each have three, while Japan and Vietnam each have two.