Marikina Rep. Stella Quimbo is shaping up to be a dark horse in a crowded field of candidates for presumptive president Ferdinand Marcos Jr.’s Finance Secretary, Politiko has learned.
An Iskooper told Politiko that Quimbo’s smarts appear to be her greatest advantage for the post. Despite being a neophyte in Congress, the 52-year-old lawmaker is supposedly seen as the “best” in the House of Representatives when it comes to economic and fiscal matters.
Quimbo graduated summa cum laude from the University of the Philippines with a bachelor’s degree in economics. She also obtained her master’s and doctorate degrees in economics in UP.
An influential faction allied with Marcos also reportedly backs Quimbo’s appointment to the Department of Finance.
Another plus for Quimbo will be her previous working history with Philippine Competition Commission chairman Arsenio Balisacan, who’s set to become Marcos’ Socioeconomic Planning Secretary.
She and Balisacan were appointed to the PCC by then-President Benigno Aquino III in 2015, with Quimbo serving as Commissioner before she ran for a congressional seat.
Prior to her appointment to PCC, Quimbo served as a professor and department chair of the UP School of Economics.
Politiko’s sister site, Bilyonaryo, has reported about the possible contenders to succeed Finance Secretary Sonny Dominguez.
Among the names floated were Former Finance Secretary Cesar Purisima, recently retired BDO Unibank executive Walter Wassmer, Philippine National Bank president and CEO Jose Arnulfo “Wick” Veloso and former Bank of the Philippine Islands president and CEO Cezar “Bong” Consing.
The business community has been waiting for Marcos to announce members of his economic team since his landslide win became apparent on May 9.
On Monday (May 23), Marcos announced his choice of Balisacan as the next Secretary General of the National Economic and Development Authority (NEDA).