Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

Defensor named to bank board

Posted on August 1, 2007

PHILIPPINE NEWS SERVICE — Former presidential chief of staff Michael Defensor will get a corporate job as member of the board of directors of the United Coconut Planters Bank, an administration source said yesterday.

The source said Defensor will represent private stockholders in the UCPB, where the government holds substantial stake in the form of sequestered shares of stock purchased through the coconut levy.

Defensor lost his senatorial bid in the May 14 elections as a candidate of the administration Team Unity. Under the Election Code, a defeated candidate cannot be appointed to any government post within one year after the election.

But since the UCPB is a private entity, his designation as board member of the bank is not covered by the ban.

After losing the vice presidential election in May 1998, Senator Edgardo Angara was named chairman of the board of the Philippine National Bank within one month after the polls.

At that time, the government owned substantial shares in the PNB although it had already been privatized.

Meanwhile, outgoing Commission on Higher Education Chairman Carlito Puno has declined a Palace offer to appoint him chairman of a corporation.

The job offer was made through Senior Deputy Executive Secretary Joaquin Llagonera following the decision of President Gloria Macapagal Arroyo to replace Puno with National Economic and Development Authority director general Romulo Neri.

Carlito, brother of Supreme Court Chief Justice Reynato Puno, did not say which corporation he was being appointed to. But a Palace source revealed that this was the United Coconut Chemicals.

“Undersecretary Llagonera talked to me, offering the chairmanship of a government corporations. I told him if I would be removed from CHED, that’s okay because that is a presidential prerogative. But I am not accepting any other government position,” he said on radio.

Puno said he was told by Llagonera to keep the name of the corporation in confidence because its incumbent chairman did not know yet that he would be replaced.

He admitted that he felt offended about the manner with which his removal from CHED was handled. He said he learned that he would be replaced by Neri only in the media.

But Puno said he would not yet step down from his post since his successor does not yet have a signed appointment.

A Palace official, who declined to be named, said Puno should not be surprised anymore about the appointment of his successor since his term as CHED chairman had expired and he is merely on a holdover capacity.

Puno was appointed CHED chairman to serve the unexpired term of Bro. Rolando Dizon, which ended in July 2006.

Neri has been tasked by the President to implement drastic reforms in tertiary education by matching the school curriculum with the manpower and skills requirements of industries and businesses.

But Puno pointed out that this is already being done by CHED for the past three years. He said this explained why new college entrants were required to undergo aptitude test. “Problems like this cannot be solved overnight. But little by little you can solve it and improve the situation.”

Puno added that CHED allocated P1 billion three years ago for faculty development to strengthen English, science, and mathematics instruction.

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme