MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has a new deputy governor.

We’re talking about Zeno Ronald Abenoja, who just left his previous position as assistant governor of the monetary policy sub-sector to become the new deputy governor of the monetary and economics sector of the BSP.

And Abenoja has large shoes to fill, as he will succeed Francisco Dakila Jr., who retired early this year.

In his new role, Abenoja will lead the central bank’s operations and activities related to monetary policy formulation, implementation and assessment.

He will also oversee and exercise supervision over economic research and statistics; international monetary affairs and surveillance; and loans and credit.

As it is, no less than the members of the powerful Monetary Board (MB) have put in a good word for Abenoja.

“The BSP is fortunate to have someone like Zeno, with his breadth of experience in economic policy and his depth of understanding in monetary economics,” BSP Governor and MB chair Eli Remolona Jr. said.

“True leadership does not need to be loud to make an impact” – nobody exemplifies this better than Zeno,” MB member Rosalia de Leon said of the new deputy governor.

“Having served as my chief economist at the Department of Finance, DG Zeno appreciates the close link between monetary and fiscal policies,” said MB member Benjamin Diokno. ––

The Sobrepena-led former operator of Camp John Hay isn’t losing sleep yet over the latest buzz linking it to a possible Department of Justice probe.

Addressing media reports about a looming investigation, the Camp John Hay Development Corporation (CJHDevCo) said it has received no formal notice, request, or communication yet from the Department of Justice.

“Nonetheless, should any official investigation proceed, CJHDevCo is fully prepared to respond and cooperate with the proper authorities in accordance with the law,” said in a statement, confident that both its track record and paper trail can do the talking.

“CJHDevCo remains committed to transparency and will continue to act responsibly in the interest of all stakeholders and in full compliance with Philippine law,” it added

Since handing over Camp John Hay to BCDA last January, the former operator of Baguio’s iconic mountain retreat says it’s been busy playing cleanup crew, fighting to protect homeowners and investors who bought in with government blessings and a whole lot of good faith.

CJHDevCo history with Camp John Hay is the stuff of business lore.

It ran the show there since 1996 under a long-term lease with the Bases Conversion and Development Authority (BCDA).

But what started as a grand tourism reboot turned messy, very messy.

After years of legal crossfire, an arbitral tribunal in 2015 declared both CJHDevCo and BCDA guilty of contract breaches.

The verdict? CJHDevCo was ordered to hand back the land and, surprise twist, the government was told to refund ₱1.42 billion in lease payments.

As fresh legal heat rolls in again like pine-scented fog in Baguio –thick, lingering, and hard to ignore — CJHDevCo says it’s more than ready to face whatever comes their way. —

There’s always something enticing about the promise of making thousands of pesos by just sitting at home and shelling out just a fraction of your perceived earnings.

Now, there may be this nagging feeling that it’s too good to be true. The bad news is: It probably is, and you’ve been scammed.

If the Securities and Exchange Commission’s (SEC) issuances and advisories are to be believed, hundreds have already fallen victim to these empty promises.

The corporate watchdog recently partnered with BDO Foundation to produce educational investor protection videos titled “Check with SEC” and “Legit Investments? It’s a Date.”

These videos—one a music video and another a storytelling video—warns potential investors about the red flags of scams. (Hint: They’re probably strange and typically too good to be true.)

Some include promising to double investments, requiring personal information and recruiting other “investors.”

“This shares project not only helps prevent Filipinos from falling victim to investment scams but also builds and restores confidence in legitimate investment opportunities,” BDO Foundation president Mario Deriquito says in a statement.

Keep a close eye on your social media accounts and believe only those that are credible! —