Tetangco’s Term as BSP Head Not to be Extended?

Bangko Sentral ng Pilipinas (BSP, Philippine central bank) governor Amando Tetangco’s term might not be extended anymore. Tetangco, who has been widely praised for his stewardship of Philippine monetary policy despite local political upheaval and international financial crisis, was earlier asked by Duterte’s finance officials to stay for a third six-year term. This requires, however, an amendment to the law as the central bank’s charter limits his position to two six-year terms only. Senate President Aquilino Pimentel III doubts if the…

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