PLDT and Smart Communications director Alfredo Panlilio —Official website of PLDT

Alfredo Panlilio, director of Philippine Long Distance Telephone Co. (PLDT) and Smart Communications, has been elected the new president of the influential Management Association of the Philippines (MAP), following the controversial departure of KPMG R.G. Manabat and Co. chief operating officer and head of advisory Noel Bonoan.

The Bureau of the Treasury (BTr) will auction off P20 billion in Treasury bills (T-bills) on Monday or P6.5 billion each in 91- and 182-day paper and P7 billion in 364-day debt paper.

“This MOA (memorandum of agreement) is a crucial step in realizing the goal of the administration of President Ferdinand Marcos Jr. to deliver the first kilowatt-hours from offshore wind projects by 2028,” said Energy Secretary Raphael Lotilla.

Bonoan had been elected president last month but stepped down last week amid marital drama.

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Because of this, Panlilio will become the MAP’s 77th president instead of Bonoan.

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Panlilio, who is also the chair of digital bank Maya, is among the founding members of the digital infrastructure pillar of the Private Sector Advisory Council, according to the MAP.

READ: BIZ BUZZ: Spare MAP the drama: Bonoan drops presidency

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He also served as president and chief executive officer of PLDT from June 2021 to December 2023 and Smart from August 2019 to December 2023.

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Meanwhile, Metro Pacific Investments Corp. director for government and public affairs Michael Toledo and SGV & Company chair and country managing partner Wilson Tan were voted as MAP’s vice president and treasurer, respectively.

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Similarly, AC Health president and chief executive officer Paolo Maximo Borromeo and GT Capital Holdings independent director Gil Genio were voted as the business group’s assistant treasurer and secretary.

The other members of the MAP 2025 board are its outgoing president, Ayala Corp. senior managing director Rene Almendras, Bonoan, Center of Excellence in Governance vice chair Rex Drilon II and CEO Advisors Inc. managing director Marianne Hontiveros.

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