Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Marcos accepts resignation of Pangandaman, Bersamin

Marcos accepts resignation of Pangandaman, Bersamin – BusinessWorld Online


      
      
      
      
      








BUDGET SECRETARY AMENAH F. PANGANDAMAN — PHILIPPINE STAR/KRIZ JOHN ROSALES

President Ferdinand R. Marcos, Jr. has accepted the resignations of Executive Secretary Lucas P. Bersamin and Budget Secretary Amenah F. Pangandaman, Malacañang said on Monday.

Both officials tendered their resignation “out of delicadeza” after their names were dragged in the flood control scandal, Palace Press Officer Clarissa A. Castro told a news briefing.

“After their departments were mentioned in allegations related to the flood control anomaly currently under investigation and in recognition of the responsibility to allow the administration to address the matter appropriately,” she said.

Mr. Marcos appointed Finance Secretary Ralph G. Recto as the new Executive Secretary, whle Special Assistant to the President for Investment and Economic Affairs Frederick D. Go will now head the Department of Finance.

Ms. Castro said Budget Undersecretary Rolando U. Toledo has been designated as officer in charge of the Department of Budget and Management.

“His designation ensures uninterrupted operations as the government prepares for the rollout of next year’s budget, ongoing recovery efforts in disaster-affected regions, and the continued funding of social and economic programs,” she added. — Chloe Mari A. Hufana

AgarWalEkwensi


    You May Also Like

    Stock Markets

    STOCK PHOTO | Image by Sahand Babali from Unsplash (Part 6) Can the Philippines still be a major exporter of manufactured exports like the...

    Finance

    One in six UK employers expect artificial intelligence to reduce the size of their workforce within the next 12 months, according to a major...

    Stock Markets

    FACEBOOK.COM/MNLCDRRMO AN INFLUENTIAL religious group abruptly ended its anti-corruption protest on Monday evening, cutting its planned three-day demonstration in the Philippine capital amid its...

    Stock Markets

    Globe leaders respond to questions from media attendees during The Blueprint by Globe event, sharing insights on innovation, purposeful connectivity, and inclusive digital transformation....

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.