FORMER BANGKO Sentral ng Pilipinas (BSP) governor Armando M. Tetangco Jr. has been recognized by the Japanese government for his role in liberalizing the entry of foreign banks in the Philippines. Mr. Tetangco has been conferred with the Order of the Rising Sun, Gold, and Silver Star, an award given for exemplary civil and military service. A statement from the Japan Information and Culture Center (JICC) says Mr. Tetangco has contributed to the “strengthening of the relations between Japan and the Philippines in the financial sector.” It added, “Mr. Tetangco also helped in regional finance stabilization by promoting both regional and bilateral financial cooperation led by Japan in order to overcome the global financial crisis that occurred in 2008.” Mr. Tetangco, who joined the BSP in 1974, served as the central bank’s head for two terms covering 12 years under the Arroyo and Aquino administrations. — Luz Wendy T. Noble
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