Securities and Exchange Commission chairman Emilio Aquino (left) inducts into office the 2018-2019 board directors and officers of the Credit Management Association of the Philippines led by Luis Arriola of St. Jude Media Organization Inc. (second from left) who is on his second term as president. With them are (from left) CMAP vice president Jezreel Pimentel (China Savings Bank), corporate secretary Melinda Clarin (Store Specialists Inc.), treasurer Ma. Cristina Maulion (Directories Philippines Corp.), assistant treasurer Rolinda Maneja (Puregold Finance Inc.), director Ma. Theresa Clara De Leon (Bahay Financial Services Inc.), director Juancho Magpantay (Security Bank Corp.) and director Roderick Vinluan (Quanta Paper Corp.). Not in photo are director Arnaldo Bacabac Jr. (Orix Metro Leasing & Finance Corp.) and director Melinda Alvarez (Phinma Property Holdings Corp.).