Free Trial
EUR

EURCHF hits lowest level since March

US TSYS

Repo Reference Rates

US TSY FUTURES

BLOCK, More Short End Sales

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

President-Elect Marcos To Nominate BSP Gov Diokno For Finance Dept Chief

PHILIPPINES

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.
74 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

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.