MANILA May 8 The Philippines has chosen Nestor
Espenilla to be its next central bank governor for a six-year
term, two Cabinet ministers said on Monday.
Espenilla will replace Amando Tetangco, a career central
banker, who will step down in July after serving the maximum two
six-year terms allowed under the law.
The appointment was confirmed in text messages sent to
Reuters by Finance Secretary Carlos Dominguez and economic
planning secretary, Ernesto Pernia.
Espenilla, 58, is currently deputy governor in charge of
(Reporting by Karen Lema; Editing by Martin Petty)