Teresita Sy-Coson of SM Investments and BDO Unibank
MANILA, Philippines - Only one Filipina made it to Forbes Asia magazine's list of "most powerful" businesswomen in Asia.
Teresita Sy-Coson was included in the 2014 Forbes Asia Power Businesswomen list. Sy, the daughter of tycoon Henry Sy, is the vice chairman of SM Investments and chairwoman of BDO Unibank.
"As vice chairman of SM Investments Sy-Coson leads one of the largest family conglomerates in the Philippines, with roughly $5 billion in annual revenue from banking, property, hospitality, retail and malls," Forbes wrote about Sy.
"As chairman of SMIC’s Banco de Oro Universal Bank, Sy-Coson spearheaded the opening of 54 new branches last year, bringing its total to 815 in the Philippines and one in Hong Kong," it added.
This is the third year in a row that Sy-Coson was included in Forbes Asia's list. In 2012, she even landed on the cover of Forbes Asia magazine.
The 2014 Forbes Asia Power Businesswomen list includes 50 women from various industries in the region, including venture capitalism, construction and lingerie.
Among the top businesswomen on Forbes Asia's Power Women list are Indian banker Arundhati Bhattacharya, Australian retail queen Naomi Milgrom, Horizons Ventures founder Solina Chau, Trend Micro co-founder and CEO Eva Chen, Singtel group CEO Chua Sock Koong and Hong Kong tycoon Pansy Ho.
Forbes Asia said it used the following criteria for the list - company revenue, woman's position at the company and her involvement in operations.