Secretary of Finance Margarito Gary Teves of Philippines

31, 2006 at the Mandarin Oriental Hotel, Makati City.

internationally recognized public figure in economics and finance.

businesses, farmers, fishermen and agri-business.

Not many people have realized it but Margarito “Gary” Teves has just engineered one of the most incredible turnarounds in government corporate finance history: Ending years of massive government budget deficits into a surplus as early as 2008.

is spent for paying loan interest alone.

Margarito "Gary" Teves has definitely come a long way.

TEVES was appointed finance secretary in 2005.

But he said he understood why the elder Teves came out to defend his son.

Congressman Teves was not necessarily deciding for Secretary Gary Teves who is very able and capable as secretary of finance,” Defensor said.

MANILA: Philippine President Gloria Macapagal Arroyo appointed Margarito Gary Teves, a respected bank president and former congressman, as finance minister yesterday as she began rebuilding her economic team after mass resignations.

A three-term congressman from 1987-1998, Teves was a member of the ruling coalition party.

Teves was appointed Land Bank president during the presidency of Arroyo’s predecessor, Joseph Estrada, who was ousted in a civilian revolt in 2001, Magno said.

assets, which had record profit of 2.

Teves was instrumental in fashioning those laws.

Born in Dipolog City, Margarito “Gary” Teves said his heart was and will always belong to the region despite spending few of his years in Negros Oriental where he was brought by his father after the death of his mother when he was only six years old.

THE preferred office of Philippines Financial Secretary, Margarito "Gary" Teves is not to be found in the bowels of the Finance Ministry but in the heart of Manila’s business district, Niew Makati, on the executive mezzanine level of one of the country’s biggest banks.

Teves says that his ministry is having "electrical wiring" issues.

The more that things don’t change, it is perhaps also rueful to note: Teves was once a director of Meralco, the capital’s monopoly power utility, which is at present embroiled in a corruption scandal that has also ensnared the lawyer of Mike Arroyo, husband of the embattled president, Gloria Macapagal Arroyo.

Amarado DUMAGUETE CITY-Land Bank of the Philippines (LBP) president Margarito "Gary'' Teves has ordered an investigation into the allegation that a landholding placed under the Comprehensive Agrarian Reform Program (CARP) in Sta.

Secretary Teves had been bypassed by the CA twice already.

Gary Teves was named yesterday as new Finance Secretary by President Arroyo.

confidence of Presidents of the Republic.

Shahani, Teves remained with him as one of their party’s senatorial candidates.

unfortunately one of the casualties.

and could not be accused of being an FVR lackey.

of his official acts if any violation of the law is committed.

Finance where Teves is the secretary.

billion or 36 percent before Teves joined the bank in 2000.

directors who resigned last week with a call on the President to resign.

Teves says the sale of the PNOC-EDC stake alone could generate about $750 million.

Teves was appointed Finance Secretary of the Philippines in 2005.

Secretary Teves was accompanied by Rosalia de Leon (class of 1991.