Favila moves to Monetary Board; Lapus goes to Trade
Posted by akosistella on March 9, 2010
MANILA, Philippines—With less than four months to go before she steps down, President Gloria Macapagal-Arroyo Monday completed what could be her last Cabinet reshuffle.
At separate events, President Arroyo announced Monday her appointment of Trade Secretary Peter Favila to the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas.
Ms Arroyo named Education Secretary Jesli Lapus as Favila’s replacement at the Department of Trade and Industry. Mona Valisno, the President’s adviser on education, was appointed education secretary.