New RP central bank chief named

Tue, 15 Feb 2005 | Source: DPA

MANILA: Philippine President Gloria Macapagal Arroyo on Monday appointed Amando Tecangco as the new Central Bank chief to replace Rafael Buenaventura who was due to retire in July.

Presidential spokesman Ignacio Bunye said Arroyo made the announcement during a meeting with Japanese businessmen at the presidential palace.

"Mr. Tetangco will assume the post in July when Central Bank Governor Rafael Buenaventura retires," he said.

Tetangco is a career officer of the central bank, serving in various capacities. He is currently a deputy governor of the Central Bank. -- DPA

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