Arroyo's rank falls further in Forbes’ 100 Most Powerful Women
President Gloria Macapagal Arroyo has remained in Forbes Magazineâs 100 Most Powerful Women in 2009. But her rank fell three places to 44th from last yearâs 41st, and never regained her record-high stature in 2005, when the publication included her among the top 10 influential female personalities in the world. In the August 19 issue of Forbes, senior reporter Tatiana Serafin said Mrs. Arroyoâs meeting with US President Barack Obama became a âboon" to her âotherwise lame-duck presidency." The writer also described the Presidentâs six-year term as âtumultuous," which will end in May 2010. However, Forbes says âpotential power grab" is âin the works." âCongressional allies are pushing through changes to the Constitution that would see the Philippines adopt a parliamentary system; then Arroyo could get around the presidential term limit by becoming prime minister," said Serafin. "Critics contend this may further sink the stalling economy that earlier in the year hit a 10-year-low GDP growth of 0.4%. Arroyo also has her hands full dealing with rise in domestic terrorism," she added.
