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  • Palace announces Romualdez’s nomination as envoy to U.S. Malacañang announced the nomination of media executive and The Philippine Star columnist Jose Manuel “Babe” Romualdez as the Philippines’ ambassador extraordinary and plenipotentiary to the U.S.  In a statement, Presidential Spokesperson Ernesto Abella said Mr. Romualdez can “further strengthen” Manila’s relationship with Washington -- which was tested by President Rodrigo Duterte’s critical remarks against the previous Obama administration in Washington for flagging his bloody war on drugs. “We are confident that...Mr. Romualdez at the helm of the Philippine embassy at Washington, DC, will further strengthen PHL-U.S. relations and promote stronger cooperation between the 2 countries,” Usec. Abella added. Mr. Romualdez was appointed by Pres. Duterte as “special envoy of the President” to the U.S. on July 5. Meanwhile, his nomination also came despite the President’s earlier statement saying he does not “feel like” sending an ambassador to the U.S.
  • Another Taiwan bank set to enter PH The Bangko Sentral ng Pilipinas (BSP) or central bank has given Chang Hwa Bank Commercial Bank Ltd. of Taiwan the green light to set up shop in the Philippines, the 10th foreign bank to enter since the country’s banking sector was opened to foreign players. BSP Deputy Governor Chuchi Fonacier said Chang Hwa Bank is the 5th Taiwanese bank to establish its presence in the country. The regulator has earlier allowed Taiwan’s Hua Nan Commercial Bank Ltd., Cathay United Bank Co. Ltd., Yuanta Commericla Bank Co. Ltd., and First Commercial Bank to establish branches in the country.

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