Recto Appointed as New Philippine Finance Chief on 60th Birthday
• Ralph Recto appointed as new Finance Secretary, replacing Benjamin Diokno
• Diokno to take oath as member of Bangko Sentral ng Pilipinas Monetary Board
• Appointment came on Recto's 60th birthday following rumors of new Cabinet official
• Recto brings experience in economic legislation and relationships with Congress
• Recto to address issues like debt, taxes, budget deficit as head of economic team