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Philippine elections

Philippines' Marcos picks central banker Diokno as finance chief

Incoming leader says economy is priority; warns Beijing on South China Sea

Philippine President-elect Ferdinand Marcos Jr., right, named central bank Gov. Benjamin Diokno as his finance secretary. (Source photos by AP and Reuters)

MANILA -- Philippine President-elect Ferdinand Marcos Jr. on Thursday named an experienced economic team as the fast-recovering nation grapples with accelerating inflation and ballooning government debt.

The incoming leader, whose landslide election victory was confirmed the previous day, signaled policy continuity by picking central bank Gov. Benjamin Diokno as his finance secretary. Incumbent monetary board member Felipe Medalla will assume Diokno's post until his term expires in July next year.

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