Extracted from channelnewsasia.com
Temasek chief Ho Ching is world's third most powerful woman
SINGAPORE: The chief executive of Singapore investment company Temasek Holdings, Ho Ching, is the third most powerful woman in the world.
This is according to Forbes magazine, which has ranked German Chancellor Angela Merkel at the top and Chinese Vice-Premier Wu Yi second.
Forbes says Ms Ho is, increasingly, a "force to be reckoned with, as her deal-making ambitions span the globe".
She has been credited with "converting Temasek from a Singapore-focused firm to a leading investor in Asia".
Temasek's investment portfolio grew 27 percent last year to US$108 billion – the first time it has crossed the US$100 billion mark.
This is Forbes' fourth list of the "100 Most Powerful Women", which ranks them based on a combination of economic impact, media reach, and influence.
Ms Merkel, Germany's first female chancellor, heads the list for the second consecutive year.
But this year's list shows a significant increase of female power in the Middle East and Asia.
Media heavyweights, such as Oprah Winfrey, also have a significant presence this year.
To view the complete list of the 100 Most powerful woman in pictures click here.