The Philippine business community welcomed the appointment of Eli Remolona as the new Governor of the Bangko Sentral ng Pilipinas (BSP), replacing Felipe Medalla, who is set to end his term in July.&nbsp;
PCCI welcomes appointment of Remolona as new BSP chiefThe Philippine business community welcomed the appointment of Eli Remolona as the new Governor of the Bangko Sentral ng Pilipinas (BSP), replacing Felipe Medalla, who is set to end his term in July.&nbsp;
The Philippine business community welcomed the appointment of Eli Remolona as the new Governor of the Bangko Sentral ng Pilipinas (BSP), replacing Felipe Medalla, who is set to end his term in July. The Philippine business community welcomed the appointment of Eli Remolona as the new Governor of the Bangko Sentral ng Pilipinas (BSP), replacing Felipe Medalla, who is set to end his term in July.&nbsp;
President Ferdinand Marcos on Friday announced the appointment of Remolona to lead the Central Bank for another 5 years until the end of the President’s term in 2028.
George Barcelon, PCCI president said that Marcos made a good choice in picking Remolona, who has been a member of the monetary board since 2022.&nbsp;
“I am not personally acquainted with the new BSP Governor Eli Remolona. But his years of experience speak highly of his bank regulatory credentials,” Barcelon said, adding that the new BSP Governor is an expert in monetary policy.&nbsp;&nbsp;
Barcelon also lauded outgoing BSP chief BSP Medalla for doing an exemplary job leading the BSP amidst the pandemic and global uncertainty.&nbsp;
“Governor Medalla did a wonderful job during the critical period of uncertainty from pandemic and world's inflationary trend and we certainly commend him for that,” Barcelon said.&nbsp;
Barcelon hopes that Remolona will continue to ensure that BSPs monetary policy and financial regulations will remain supportive of the growth of the various sectors and Philippine economy as a whole. Donna B. Angulo