BIZ BUZZ: Two-horse race for BSP

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BIZ BUZZ: Two-horse race for BSP
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Reading between the lines of Finance Secretary Benjamin Diokno—who was influential in selecting his replacement as central bank chief last year when he took on the challenge of leading President

Both Medalla and Remolona are excellent choices, although we hear that the former’s chances may have been affected by earlier remarks on the controversial Maharlika Investment Fund, which didn’t sit well with some of Mr. Marcos’ influential allies. But as Diokno himself has said, he isn’t out of the game.

Commenting on Medalla, the June 7 Global Source commentary written by economists Romeo Bernardo and Marie Christine Tang said, “During his one year at the helm of the BSP, financial market players have been most impressed by his clear thinking and straight talk in signaling and explaining policy actions.

Potato Corner cofounder and chief executive officer Jose Magsaysay Jr. told Biz Buzz of this expansion on Friday, a move, which would mean growing the number of stores of the multi-billion-peso business by nearly a third.

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