The Bangko Sentral ng Pilipinas (BSP) hosted on Friday its first bankers’ reception under the leadership of Governor Eli Remolona Jr. and, naturally, industry officials came in droves to get a
Why? Well, some important central bank decisions require the approval of more than the four officials currently serving on the board.
Most importantly, in case capital flight hits the peso, five MB votes are required to impose emergency restrictions on exchange operations [with the approval of the President] during a crisis. Veloso has been with the Ayala-led lender for nearly 11 years. During the pandemic years, he headed the bank’s corporate credit. He had also led BPI’s business banking as well as transaction banking. When he joined BPI in 2012, he formed the Office of Strategy Management.
After all, generations of Consunjis came from UP Diliman’s Institute of Civil Engineering, from the founder David—who was instrumental in building the well-loved UP Chapel—to DMCI Group’s CEO Isidro, and then his son, Victor. The latest addition turned over last week by DMCI Homes is the Universal Testing Machine that will help students determine the quality and integrity of construction materials from metal to concrete.
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