• Foreign Secretary Perfecto Yasay Jr is being considered to be governor of Bangko Sentral ng Pilipinas.
• Former President Gloria Macapagal Arroyo is being eyed to be foreign secretary but she really wants to be speaker of the House of Representatives.
• Businessman and Philippine Star columnist Jose Manuel “Babes” Romualdez will be the Philippine ambassador to the United States.
These are impending movements in the Duterte administration being talked about which on the surface seem far removed from President Duterte’s brutal and bloody anti-illegal drug campaign. They are actually related especially the plan to put Yasay as BSP governor.
The term of BSP Governor Amando M. Tetangco, Jr., who has held that position since July 2005, ends in July 2017. The spokesperson of the Finance Department, Paola Alvarez, said on Nov. 22 that President Duterte has authorized Finance Secretary Carlos Dominguez III to ask Tetangco to stay for another term.
There’s a hitch, however. The charter of the BSP allows only two terms for the governor. Congress has to amend the charter for Tetangco to serve another term.