Finance Secretary Carlos Dominguez III swore into office last week former senator Alberto Romulo as the new chairman of the board of the state-run Development Bank of the Philippines.
Rogelio Garcia also took his oath of office before Dominguez as a director of the DBP board.
Romulo brings with him to the DBP his extensive experience in both the executive and legislative branches of government.
He has served as the secretary of the Departments of Finance, Foreign Affairs and Budget and executive secretary in the Arroyo administration. He returned to head the DFA during the presidency of Benigno Aquino III.
As Foreign Affairs secretary, Romulo pushed for the congressional approval of the Philippine Archipelagic Baselines Law, which, prior to his watch, had not been acted upon for 27 years.
His efforts to have the law passed paved the way for the government to secure its claim in the United Nations for an extended continental shelf covering an area as big as Luzon.
Romulo also worked for the passage of the Veterans Benefit Enhancement Act in the US Congress, benefiting Filipino veterans who had waited for 60 years to have the law passed.
