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Monday, February 14, 2005
New Bangko Sentral head named (10:50 p.m.)
MALACANANG Monday announced that Amando Tetangco Jr. will replace Bangko Sentral Governor Rafael Buenaventura, whose six-year term will end in July.
President Arroyo made the announcement during the economic briefing with the Japanese Kankeiren in Malacaņang Monday morning.
Press secretary and presidential spokesman Ignacio Bunye said there are no indications yet of any new position for Buenaventura after his retirement "but I am sure there's always an active life after the BSP (Bangko Sentral ng Pilipinas) governorship."
Tetangco, who hails from Arroyo's home province of Pampanga, is currently deputy governor of the BSP in-charge of the banking services sector, economic research, and treasury.
He also sits in the boards of government agencies and corporations such as the National Economic and Development Authority (Neda), National Food Authority (NFA) council, and the Industrial Guarantee and Loan Fun review committee, as the BSP representative.
The other contenders to the post of BSP governor were former finance secretary Edgardo Espiritu, Securities and Exchange Commission (SEC) chairman Fe Barin, and bankers Xavier Loinaz (former president, Bank of the Philippine Islands) and Octavio Victor Espiritu (former president and chief executive officer, Far East Bank and Trust Co.). (Sunnex Luzon/RB)
(February 14, 2005 issue)
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