New RP central bank chief named

New RP central bank chief named

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