Our President Gloria Macapagal Arroyo climbed 10 notches this year to be the world's no. 41 Most Powerful woman in the world according to Forbes Magazine.

Germany’s Chancellor Angela Merkel topped Forbes magazine’s list of the world’s 100 most powerful women for the third year running, while US Secretary of State Condoleezza Rice slipped to seventh from fourth last year.

For the complete ranking and video report, click here.