Is Favila a Frontrunner to Replace Tetangco?

Peter Favila is rumored to be one of the frontrunners to replace Amando Tetangco as head of the Bangko Sentral ng Pilipinas (BSP, Philippine central bank). Favila was the trade secretary of former president Gloria Arroyo and served in the Monetary Board (BSP’s policy-making body) during her term. He also has ties with controversial tycoon Lucio Tan. Another frontrunner is Antonio Moncupa, who has been endorsed by the ruling PDP-Laban party. Both come from the commercial banking industry, a credential that is…

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