'Integrity, competence' needed for next central bank chief

PRESIDENT Rodrigo Duterte is still scouting for the replacement of the late Bangko Sentral ng Pilipinas (BSP) governor Nestor Espenilla Jr., Malacañang said on Tuesday, February 26.

In a press conference, Presidential Spokesperson Salvador Panelo said the next BSP chief should be competent and imbued with integrity.

"Dalawa lang naman ang palagi niyang sinasabi -- integrity and competence (The President is considering just two things -- the integrity and competence of a person he will appoint)," the Palace official said, when asked what qualifications Duterte is considering in picking the new BSP governor.

"[The Palace is expecting] the continuity of the work done by the previous governor," he added.

Espenilla, whose four-decade career in the central bank started in debt analysis, passed away on Saturday, February 23, after a year-long battle with tongue cancer. He was 60.

On Sunday, February 24, Malacañang acknowledged Espenilla's "great service to the nation." (SunStar Philippines)


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