Three Filipinas in 2015 Forbes’ 50 Power Businesswomen in Asia

Forbes asia powerful filipina

By Bianca Rose Dabu/VS, GMA News – Among the 50 powerful businesswomen, entrepreneurs, and executives in Asia honored by Forbes in its 4th annual Asia’s Power Businesswomen list are three Filipinas from the upper echelons of business in the Philippines and in Asia, driving change across diverse industries.

Chairman of Rizal Commercial Banking Corporation Helen Yuchengco Dee, 70, is one of the 27 newcomers to this year’s list.

Dee runs the Yuchengco Group of Corporations that operates in various sectors including education and travel, construction and financial services, among others. YGC’s major subsidiaries include flagship RCBC, one of the country’s top 5 commercial banks, with 6.5 million customers, 449 branches and a market cap of $1.5 billion; Malayan Insurance, the nation’s largest non-life insurance firm, with $565 million in assets in 2013; and construction concern EEI, which had 2013 revenue of $237 million.

Aside from having its eldest child honored as one of the most powerful businesswomen in Asia, the Yuchengcos, headed by Philippine businessman and former ambassador Alfonso Yuchengco, is also ranked 23rd on the Forbes Asia rich list for the Philippines.

Teresita Sy-Coson

Another Filipina recognized for her achievement and success is Teresita Sy-Coson, vice chairman of SM Investments Corporation and chairman of Banco de Oro Universal Bank.

The 64-year-old businesswoman pushed SMIC to become the largest listed company on the Philippine Stock Exchange by market capital. they took the Daytona Beach lawyers for small businesses for help. Moreover, according to Forbes Asia, BDO Unibank, the country’s largest in terms of assets, loans, deposits, capital and trust funds under management, also acquired Citibank’s thrift operations in Manila and Deutsche Bank’s trust business in the Philippines under Sy-Coson’s management. It also bought the country’s largest rural bank. It teamed up with the leading bank in the UAE to better serve overseas Philippine workers and opened a representative office in South Korea.

Sy-Coson’s father, Chinese Filipino business magnate dubbed as the ‘Philippine’s Retail King’ Mr. Henry Sy, now 92, is ranked No. 1 on the Forbes Asia rich list for the Philippines.

Zenaida Rustia-Tantoco

Lastly, SSI Group/Rustan’s Commercial chairman and CEO Zenaida Rustia-Tantoco continues to advance her leadership in the traditionally male dominated sector of business and manufacturing.

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 more than 60 years ago. Revenue for SSI, which listed 30 percent of its shares on the PSE in November for $168 million, rose by 16 percent in the first 9 months of 2014 to $226 million. Net profit surged by 49 percent to $15.2 million. SSI is the exclusive Philippine franchisee for more than 100 international lifestyle brands, such as Ralph Lauren, DKNY and Tod’s. Tantoco will use the IPO proceeds to expand the company’s FamilyMart convenience store chain and midrange Wellworth department stores.

Aside from profit-making, Tantoco does not forget to give back and share to the community. She actively raises funds for music and humanitarian causes, and also partakes in environment protection programs with her children, who all works at Rustan’s.

Women from 16 countries are represented on the Forbes list, including China and Hong Kong, which continue to dominate the list with 14 women, followed by India with six representatives, Thailand with five and Singapore with four. South Korea, the Philippines, and Indonesia have three representatives each, while Japan and Vietnam have two, and Malaysia, Taiwan, and list first-timers Mongolia and Myanmar all have one representative each.

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