Ruling party think-tank leader endorsed as Tetangco’s replacement

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Governor Tetangco is due to step down in July 2017

The president of the Senate of the Philippines has endorsed Antonio Moncupa to be the next governor of the country's central bank.

In a statement on February 12, Aquilino "Koko" Pimentel III – who is also president of the ruling PDP Laban party – said it was time for "bold and innovative leadership" at the Central Bank of the Philippines (BSP).

"It can no longer be 'business as usual' in government, particularly at the central bank, which is the overseer of the country's financial system," he sa