4 Singaporeans make it to Forbes’ third Asian Power Businesswomen list

Four Singaporeans made it to the 2014 Forbes Asia Power Businesswoman list of 50.

The women on the list are selected based on three criteria: company revenue, the position of the women and how involved they are in the daily operations of their respective companies.

The highest-ranked Singaporean is Chew Ghek Khim in sixth position, executive chairman of 126-year-old Straits Trading, which she radically transformed from a convential colonial-era tin smelter, into a dynamic holding company with a market capitalization of $1.2 billion.

Coming in at number seven is Singtel’s group CEO, Chua Sock Koong (you might have seen/read about her in the news lately, proposing to charge Whatsapp and Skype for using telco networks, a move which is drawing her a lot of flak).

Executive director and CEO of Temasek Holdings, Ho Ching, is number 12 on the list. The sovereign wealth fund saw its holdings rise 9% to $169.5 billion under Ho, who happens to be the wife of PM Lee Hsien Loong.

The youngest of the four Singaporean women is 44-year-old co-founder and chairman of KOP Group and KOP Properties, Ong Chih Ching, who wraps it up at number 30. Ong, who was once a lawyer dishing out legal counsel to Middle Eastern sheiks, has led KOP Group’s ascent to a $78.8 million company since its inception in 2006.

This year’s list features women from 13 countries in total, spanning industries as varied as construction and lingerie.

The Forbes Asia Power Businesswoman list is in its third year running.

Photo: Forbes Facebook page


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