Who are the 3 Filipinas on Forbes' Power Women list?

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.

source: www.abs-cbnnews.com

RICH LIST: The 50 richest in the Philippines

MANILA, Philippines – Forbes magazine on Thursday released its list of the 50 richest Filipinos for 2014.

According to the latest Forbes Philippines rich list, the country's 50 wealthiest are worth a combined $74 billion, up 12% from $65.8 billion in 2013.

Here's the list of the richest Filipinos and their estimated net worth:

1. Henry Sy; US$12.7 billion (SM Prime Holdings)
2. Lucio Tan; $6.1 billion (LT Group)
3. Enrique Razon Jr.; $5.2 billion (International Container Terminal Services Inc.)
4. Andrew Tan; $5.1 billion (Alliance Global)
5. John Gokongwei Jr.; $4.9 billion (JG Summit Holdings)
6. David Consunji; $3.9 billion (DMCI Holdings)
7. George Ty; $3.7 billion (Metropolitan Bank & Trust Co.)
8. Aboitiz Family; $3.6 billion (Aboitiz Equity Ventures)
9. Jaime Zobel de Ayala & family; $3.4 billion (Ayala Corp.)
10. Tony Tan Caktiong; $2 billion (Jollibee Foods Corp.)
11. Robert Coyiuto Jr., $1.8 billion (National Grid)
12. Lucio & Susan Co, $1.7 billion (Puregold Price Club)
13. Yap family, $1.475 billion (Philtrust Bank)
14. Manuel Villar, $1.460 billion (Starmalls; Vista Land & Landscapes)
15. Inigo & Mercedes Zobel,$1.2 billion (Ayala Corp.)
16. Alfredo Yao, $1 billion (Macay Holdings; Zest-O)
17. Andrew Gotianun $955 million (Filinvest Development)
18. Vivian Que Azcona $935 million (Mercury Drug)
19. Eduardo Cojuangco $870 million (San Miguel Corp.)
20. Beatrice Campos $825 million (Unilab)
21. Po family $770 million (Century Canning)
22. Oscar Lopez $700 million (Lopez Holdings)
23. Alfonso Yuchengco $685 million (Rizal Commercial Bank Corp.)
24. Roberto Ongpin $680 million (Alphaland)
25. Betty Ang $670 million (Monde Nissin)
26. Dean Lao $625 million (D&L Industries)
27. Manuel Zamora $620 million (Nickel Asia)
28. Carlos Chan $550 million (Liwayway)
29. Jorge Araneta $510 million (Araneta Complex)
30. Mariano Tan Jr. $445 million (Unilab)
31. Edgar Sia $390 million (DoubleDragon)
32. Ramon Ang $380 million (San Miguel Corp.)
33. Michael Romero $375 million (Harbour Centre Port)
34. Concepcion Family $320 million (Concepcion Industrial)
35. Philip Ang $315 million (Nickel Asia)
36. Frederick Dy $310 million (Security Bank)
37. Luis Virata $300 million (Nickel Asia)
38. Alfredo Ramos $260 million (Atlas Consolidated Resources)
39. Wilfred Steven Uytengsu Jr. $255 million (Alaska Milk Corp.)
40. Tomas Alcantara $250 million (Alsons Consolidated Resources)
41. Jose Antonio $240 million (Century Properties)
42. Bienvenido Tantoco Sr. $235 million (Rustan’s)
43. Jacinto Ng $230 million (Asia United Bank)
44. Gilberto Duavit $200 million (GMA Network)
45. Menardo Jimenez $195 million (GMA Network)
46. Eric Recto $190 million (Alphaland)
47. Walter Brown $183 million (Atok-Big Wedge)
48. Felipe Gozon $182 million (GMA Network)
49. P.J. Lhuillier $180 million (Cebuana Lhuillier)
50. Juliette Romualdez $170 million (Banco de Oro; Benguet)

Forbes said the minimum amount required to make this year's list was $170 million, up from $105 million last year.

The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and other sources. Net worths are based on stock prices and exchange rates as of close of markets on August 18.

The complete list is available at www.forbes.com/philippines as well as in the latest issue of Forbes Asia.

source: www.abs-cbnnews.com

Jollibee, Ayala, AGI join Forbes' Fab 50 list

MANILA, Philippines - Three of the Philippines' biggest companies are included in Forbes Asia's list of the best 50 big listed companies in the region.

The 2013 Asia's Fab 50 list includes fast food giant Jollibee Foods Corp. and leading conglomerates Ayala Corp. and Alliance Global Inc.

Forbes Asia said it chose the 50 out of 1,220 companies which had at least $3 billion in annual revenue or market capitalization.

"We looked at each company’s track record for revenue, profits, return on capital and share-price movements, and then we sized up the outlook. If it had too much debt or the government owned at least half the shares, it was out," Forbes Asia said.

Ayala Corp. is the country's oldest conglomerates with businesses in real estate (Ayala Land), banking (BPI), telecommunications (Globe) and water (Manila Water), among others. It has an estimated market capitalization of $8.2 billion. Jaime Zobel de Ayala, chairman emeritus of Ayala Corp., is the sixth richest on Forbes 2013 Philippines Rich List with $3.1 billion).

Jollibee Foods is the country's top fast food chain, with a market capitalization of $4.2 billion as of August 2013. Founded by Tony Tan Caktiong, the company has several restaurant chains such as Jollibee, Chowking, Greenwich, Red Ribbon and Mang Inasal.

Alliance Global Inc, led by tycoon Andrew Tan, has a market capitalization of $6.5 billion. Its businesses include real estate (Megaworld), food and beverage (Emperador) and quick service restaurants (McDonalds Philippines franchise). Tan is the third richest person on Forbes' list of billionaires in the Philippines, with a wealth of $4.6 billion.

The Fab 50 list also includes Chinese companies such as Tencent Holdings and Baidu; India's Tata Consultancy Services and ITC; Hong Kong's Wharf (Holdings) and Melco Crown; and Thailand's Advanced Info Service.

source: www.abs-cbnnews.com

Sy, Gotianun daughters in Forbes list of top Asian bizwomen

MANILA, Philippines - The daughters of Filipino-Chinese tycoons Henry Sy and Andrew Gotianun made it to Forbes magazine's 2013 list of top 50 businesswomen in Asia.

In its March issue, Forbes Asia released its list of "Asia's 50 Businesswomen In The Mix," which includes women who led top companies to higher profits and stellar accomplishments last year.

Teresita Sy-Coson, 62, is the vice chairman of SM Investments, the Sy family's holding company for its retail, mall, banking and property businesses. Sy-Coson, an Assumption College graduate, is also the chairman of BDO Unibank Inc., the country's largest bank in terms of assets. She is the daughter of Henry Sy, who was named the Philippines' richest man by Forbes magazine last year.

This is the second year in a row that Sy-Coson was in the list. Last year, she even landed on the cover of Forbes Asia magazine.

For Lourdes Josephine Gotianun-Yap, this was her first time on Forbes Asia's list of most powerful Asian businesswomen. She is the 57-year-old president and CEO of Filinvest Development Corp. and its property unit Filinvest Land. She is the third child of Andrew Gotianun Sr., founder of Filinvest who is 17th on the Forbes list of richest in the Philippines.

Aside from Sy-Coson and Gotianun-Yap, Forbes Asia's list includes Eva Chen, the co-founder and CEO of antivirus software firm Trend Micro and South Korean entrepreneur Kim Sung-Joo, who turned MCM into a rising luxury brand.

The full list can be found on the Forbes Asia website.

source: abs-cbnnews.com