Ms. Myrna T. Yao is a graduate of Business Administration in the University of the East. She finished her Master’s Degree in Business Administration in the same university. She is a proud mother of 4 daughters and grandmother of 9 grandchildren.
Women in business are not a rarity; entrepreneurship has allowed many to run successful businesses. But breaking the glass ceiling for women in business can inspire women who choose business as a career to aim high or higher. The story of Richwell Trading Corporation, the leading distributor of children’s toys and shoes and baby products, and one of the brains behind its success, exemplifies the possibility of a woman taking on a big project and exhibiting exemplary leadership in its success. Gender is not an issue if women handle themselves professionally and competently in any undertaking, earning the respect and confidence of the people they work with.
Richwell’s ascendancy in the business community in the early 80’s began with the tenacity of a forward-looking woman who co-founded the company and who raised its standards so that it becomes at par with its peers worldwide.
Despite the instability of the local political and economic conditions, Richwell successfully maintains the marketability of its products. Because of its track record in creating a market for its existing brands like Barbie, Richwell continues to acquire new brands for exclusive distribution in the country. Given its ability to set right pricing for good quality shoes, Richwell currently holds one of the biggest share in infant and children’s branded shoes in the Philippines. Toys and Children Wear.
As now the President and Chief Executive Officer of Richprime Global Inc, Richwell Trading Corporation and other companies. Ms. Yao’s passion or success is the result of hard work, perseverance, determination and a focused mind – knowing where she wants to be, what she wants to happen for the company, how she would like to see Richwell and RGI Group of Companies grow and progress in the future.
Despite having reached the peak of her professional life, Myrna could not find enough fulfillment so she started pursuing what she has always dreamt of, to go into socio-civic work to be able to help more people, especially those not privileged enough to have the proper education to be employed or venture into business.
Mrs. Myrna T. Yao was appointed Chairperson of the National Commission on the Role of the Filipino Women (NCRFW), now known as the Philippine Commission on Women (PCW), by President Gloria Macapagal-Arroyo from 2004 until 2010. PCW is the government’s advisory body on policies and programs for the advancement of women. Before being appointed Chairperson, she served as a Commissioner of NCRFW representing the National Council of Women of the Philippines from 2000 to 2004.
She now serves as the Founding Chairperson of the Philippine Federation of Local Councils of Women. She is also the Founder and President of the Filipino-Chinese Federation of Business and Professional Women of the Philippines since 1999.
She is likewise involved in the movement that assists children through the Pearl S. Buck Foundation, Philippines, and now the Chairman Emeritus, where she has the distinction of being the Charter President.
She is a recipient of many local and international awards including 2013 International Women Entrepreneurial Challenge Awards held in Lima, Peru; International Entrepreneur Award held in Cairo, Egypt awarded by the Global Summit of Women of Washington D. C. and Gold Prize Award for Women’s World Excellence Award held in Beijing. She was also granted the Presidential Merit Award by President Gloria Macapagal Arroyo for her success in the field of entrepreneurship in the local and international level. Her recent award in October 2015 is the 100 Most Influential Women in the World. She recently launched her book entitled “The Gift of A Dream” The Great Women Project which Vision and Conceptualization started from her.