New members of BSP's Monetary Board named

President Gloria Macapagal-Arroyo of the Philippines has announced the appointment of three new members to the Monetary Board, the policy-making body of the central bank.

In a statement, Press Secretary Ignacio Bunye said former Finance Secretary Juanita Amatong, Trade Undersecretary Nelly Favis-Villafuerte and Subic Bay Metropolitan Authority administrator and chief executive officer Alfredo Antonio will assume office on 4 July.

They will join central bank deputy governor Amando Tetangco, who

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