BANGKO Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr. is the next central bank chief, Finance Secretary Carlos Dominguez 3rd announced Monday evening. Nestor Espenilla is the new BSP Governor,” he tweeted. As deputy governor responsible for banking and financial system supervision, Espenilla championed banking reforms such as open competition, liberalization, fair treatment of customers and financial transparency. “We are confident that Secretary Cimatu shall faithfully serve the interest of the country and the Filipino people in his capacity as the new DENR Secretary,” presidential spokesman Ernesto Abella said. “I am hopeful that Secretary Cimatu will throw his support behind this measure,” Rocamora said.

Source: Manila Times May 08, 2017 16:18 UTC