Banker named favourite for BSP top job

Former Far East Bank president OV Espiritu could be favourite to succeed Rafael Buenaventura at the Philippines central bank (BSP), the Philippine Daily Inquirer reported this week.

According to the report, President Macapagal-Arroyo summoned Espiritu, and the two held a long talk and walk on a golf course.

The news prompted top bankers to put their money on Espiritu to succeed Buenaventura, the report added.

Buenaventura's term as governor of the central bank expires in July this year.