| | Manila Standard: The Future is Ours (Site not responding. Last check: 2007-11-01) |
 | | Peter Favila, former president and CEO of Philippine National Bank, Allied Banking Corp. and Security Banking Corp., was yesterday unanimously elected as the new chairman of the PSE, replacing Alicia Arroyo, sister-in-law of President Gloria Macapagal Arroyo, who opted not to run as chairman this year. |
 | | Favila said while the exchange continues to implement programs to sustain the markets ascent, there is a need for government to create a business-friendly environment to implement reforms to improve the countrys economic condition. |
 | | Favila is also a presidential adviser on infrastructure finance and an economic adviser to the Speaker of the House of Representatives. |
| www.manilastandardtoday.com /?page=business01_mar21_2005 (494 words) |