He Jing (left) ranked eighth in the list of "The World's 50 Most Powerful Women Outside the United States", advancing two places, while Cai Shujun slipped from third to fourth. (Photo by Xiao Ziwei/provided by Singtel)
Singtel Group President Cai Shujun and Temasek Holdings Chief Executive Officer Ho Ching, once again entered the list of "50 Most Powerful Women in the World Outside the United States" this year (50 Most Powerful Women).
" Fortune Magazine" (Fortune Magazine) announced the list of the most powerful women this year yesterday. He Jing was promoted two places to the eighth place, while Cai Shujun slipped from the third place to the fourth place. The
list includes women from 19 countries, 16% of whom are new faces.
The magazine pointed out that in the 10 years since Cai Shujun (58 years old) led Singtel, she has developed Singtel into the largest telecommunications company in Southeast Asia, with a market value of US$51 billion (S$69.4 billion) and a profit of 2.8 billion last year. US dollars, of which 70% comes from overseas business.
Undeterred by international currency volatility, she made investments in two of the largest mobile telecom players in Thailand and India.
Fortune said the savvy tech entrepreneur is also making huge investments in cyber security, capitalizing on Singapore's status as the world's most digital nation and bearing fruit.
Singtel's ICT revenue rose 18% in 1QFY17, offsetting a decline in consumer segment revenue. This can be attributed to the company's $810 million acquisition of US cybersecurity firm Trustwave last September.
The magazine said that under the leadership of Ho Ching (63), the firm's $180 billion portfolio has expanded outside of Asia, gaining 6% annually over the past 10 years (except for a 9% drop in 2015). shareholder returns.