MANILA, Philippines - Teresita Sy-Coson, vice-chairman of SM Investment Corp., landed on the cover of Forbes Asia's March issue, as the magazine launched its first-ever list of Asia's Power Business Women.
Sy-Coson, daughter of retail tycoon Henry Sy, was the only Filipina included in the Forbes list of 50 most powerful businesswomen in the region.
"Challenged by her tycoon Dad, Teresita Sy-Coson has widened a Philippine retail fortress," the Forbes Asia cover proclaimed. The magazine also included a full profile article on the 61-year-old businesswoman.
Sy-Coson, an Assumption College graduate, is also the chairman of BDO Unibank Inc. She also holds positions in several companies within the SM Group and is adviser to the Board of SM Prime Holdings, Inc. and President of SM Retail, Inc.
Forbes said the women on the list were chosen for their "hands-on management of profit-seeking companies," and have overcome significant barriers to achieve success.
"This inaugural list celebrates the dynamic ways in which Asia’s businesswomen are driving some of the region’s most exciting growth. Through their respective realms of power and influence, these honorees span diverse industries, nations and generations, yeteach has changed the face of Asian business, while creating opportunities for future leaders," said Moira Forbes, president and publisher of ForbesWoman.
The list was dominated by women from Greater China (China, Taiwan, Hong Kong and Macau) with 21, including Esquel Group's Marjorie Yang, HTC co-founder and chairman Cher Wang; and Huawei Technologies chairman Sun Yafang.
There were 8 women from India, 5 from Singapore, 4 each from South Korea and Indonesia, 3 from Japan and 2 from Australia. There was 1 woman each from Philippines, Thailand and Vietnam.
Gokongwei daughter in '15 to Watch' list
Another Filipino-Chinese businesswoman Lisa Gokongwei-Cheng was included in Forbes' "15 to Watch", which the magazine says are "strong candidates for the future."
Gokongwei-Cheng, 43, is the president of Summit Media Philippines and daughter of tycoon John Gokongwei.
The complete list is available on www.forbes.com/asia-power-women and can be found in the March 2012 issue of Forbes Asia.