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Former Monetary Board and BSP official is new Manila Bulletin director

Philippines | National

Former Monetary Board and BSP official is new Manila Bulletin director

By Lee C. Chipongian

Recently retired Bangko Sentral ng Pilipinas (BSP) Monetary Board member and ex-deputy governor Juan de Zuñiga Jr. has been elected independent director of the Manila Bulletin Publishing Corporation.

Juan de Zuñiga Jr.

Zuñiga left BSP in July after his six-year term as Monetary Board member expired. He was first appointed in 2014 to the BSP policy-making body by then President Benigno S. Aquino III. He came in May of that year to serve the unexpired term of former press secretary Ignacio R. Bunye who opted to retire early. Both Zuñiga and Bunye write for the Manila Bulletin as columnists.

Before Zuñiga’s Monetary Board appointment, he was a central bank deputy governor for the resource management sector (RMS) from 2010 to 2013. When he was deputy governor of the RMS, he was also in charge of the BSP Security Plant Complex where the Philippine banknotes are printed and both coins and gold are minted.

Zuñiga served longest as the BSP’s general counsel from 2000 to 2010 and within that period, he was moved up as assistant governor and general counsel in 2003.

Prior to joining the BSP, this Far Eastern University Political Science and Bachelor of Laws degree graduate and fifth placer in the 1970 Bar Examinations was a Bank of Commerce executive vice president.

Zuñiga is the second Monetary Board member and ex-deputy governor who was elected to the Board of Directors of Manila Bulletin. Last year, Armando L. Suratos, also a Monetary Board member and former deputy governor of the BSP RMS, served as an independent director.

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