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    Sep 14, 2016

    CEOs of Singtel and Temasek in 50 most powerful list

    SINGAPORE Telecommunications Group chief executive Chua Sock Koong and Temasek Holdings' executive director and chief executive Ho Ching are ranked 4th and 8th in a list of the world's 50 most powerful businesswomen outside the United States.

    The list by Fortune magazine is topped by Brazilian banking giant Banco Santander's boss Ana Botin.

    It excludes Americans - who get their own list - and sees 19 countries represented, with Chinese women dominating the list.

    The highest ranked Chinese woman Dong Mingzhu, 11th on the list, is chief executive of China's largest air conditioning manufacturer Gree Electric Appliances.

    Ms Chua, 58, was ranked 3rd in Asia last year. Fortune said she grew Singtel into South-east Asia's largest telecommunications company in a decade at its helm, boasting US$51 billion (S$69.5 billion) in market capitalisation, and earnings of US$2.8 billion last year - 70 per cent of which came from overseas operations.

    Calling her an "astute technocrat", the magazine said, under her watch, Singtel's sizable investments in cybersecurity are paying off.

    Ms Ho, 63, ranked 10th in Asia last year, is cited for her leadership of Singapore's state investment firm, whose US$180 billion portfolio posted an annual shareholder return of 6 per cent over the past decade.