May 26, 2022 01:30 GMT
Philippines President-elect Ferdinand "Bongbong" Marcos Jr. will tap Bangko Sentral ng Pilipinas Governor Benjamin Diokno as the new Finance Secretary, Bloomberg reports citing a person familiar with the matter.
- It is understood that Marcos will officially announce the decision and name Diokno's successor as central bank chief later today.
- Diokno's term in office expires in the middle of next year. He had previously served as the Budget Minister, before moving to the central bank in 2019.