NEW YORK - TEMASEK holdings chief executive Ho Ching is 5th on Forbes magazine's new list of powerful women, beating First Lady Michelle Obama and Secretary of State Hillary Clinton, both of whom didn't break the top 30.
Up from 8th last year, Ms Ho, the wife of Prime Minister Lee Hsien Loong, once again ranks as Asia's most powerful woman. She also the only Asian in the top 10 list this year.
German Chancellor Angela Merkel headed the list, published on Wednesday, for the fourth year running, with the magazine highlighting her role as leader of the huge German economy and her likely re-election in September.
Reflecting the world's focus on recession and the struggle to keep the financial markets afloat, Mrs Merkel was followed almost exclusively by businesswomen.
In second place came Sheila Bair, chairman of the Federal Deposit Insurance Corp, which insures US banks.
Third was Indra Nooyi, chief executive at PepsiCo, then Cynthia Carroll, the chief executive of mining giant Anglo American.
Hillary Clinton slipped from 28 last year, when she was close to winning the Democratic presidential nomination to 36, despite heading the powerful US State Department.
Michelle Obama came into the list for the first time. Although she has the ear of the US president around the clock, she ranked only 40.
Below her, at 42, came Britain's Queen Elizabeth II. -- AFP
I wonder if the show she put up with Chip had anything to do with it :oIo::oIo::oIo: