U.S. MAGAZINE NAMES ARROYO AS 4TH WORLD'S MOST  POWERFUL WOMAN
 
MANILA
, July 29, 2005
(STAR) US magazine Forbes Friday has come out with its list of the Top 100 Most Powerful Women and listed Philippine President Gloria Arroyo as fourth most powerful woman in the world in the latest global ranking of feminine clout .

According to the second ranking, US State Secretary Condoleeza Rice topped the list of world leaders, personalities, and businesswomen. Rice, then the US national security adviser, had also topped the first list in 2004.

Pres. Arroyo had been listed number 10 in the first listing though the editorial Forbes magazine described the "scandal-plagued president of the Philippines" in danger of losing her place in the ranking altogether.

Also in the list were Chinese Communist Party leader Wu Yi (#2), ranking newcomer Ukraine Prime Minister Yulia Timoshenko (#3), and eBay chief executive Margaret Whitman (#5).

Likewise included in the list were TV talk show host Oprah Winfrey (#9), Melinda Gates, the wife of Microsoft billionaire Bill Gates (#10), imprisoned Myanmar leader Aung Sang Suu Kyi (#15), US Senator Hillary Rodham Clinton (#26), British author JK Rowling (#40), and US First Lady Laura Bush (#46),

The Forbes rankings are based on a composite of visibility (measured by press citations) and economic impact. The latter, in turn, reflects three things: résumé (a prime minister is more powerful than a senator); the size of the economic sphere over which a leader holds sway; and a multiplier that aims to make different economic yardsticks comparable.

Palace cites Forbes' ranking of GMA as achievement in leadership 07/29 3:16:42 PM

It's an achievement.

This was the reaction of Malacañang to the recent list by Forbes magazine's of the world's most powerful women ranking President Gloria Macapagal-Arroyo as the fourth overall.

The magazine gauges a "composite of visibility, measured by press citations, and economic impact" in ranking women presidents, celebrities and chief executives.

However, Forbes described the fourth ranked Pres. Arroyo as "scandal-tainted" and said she "could soon be off" if she fails to survive impeachment proceedings brought against her amid allegations she cheated in last year's presidential election.

Despite this, Press Secretary Ignacio R. Bunye was optimistic.

"This is a recognition of the President’s qualities as a leader, and of her achievements, particularly in driving our economic growth up to 61 percent,. even in the face of adversities," Bunye said.

US Secretary of State Condoleezza Rice beaten 99 female heads of state, businesswomen and personalities to top Forbes magazine's list of the world's most powerful women for the second year in a row.

China's Vice Premier Wu Yi was second, followed by Ukrainian Prime Minister Yulia Tymoschenko.


Reported by: Sol Jose Vanzi

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