Business news

Marcos' eyes “boldly reset” the government

Cabinet members, including National Economic Manager,As part of the president, polite resignation Thursday Ferdinand R. Marcos, Jr. Reset the government better meets the needs of Filipinos.

The move comes as the May 12 midterm elections, following a poor performance by government-backed senator candidates, could threaten global uncertainty in the Philippines’ economy.

The Presidential Communications Office (PCO) said resignation request will provide Mr. Marcos with “elbow leeway to evaluate the performance Work for each department and determine who will continue to serve According to his government's recalibration priorities. ”

“With this bold reset, the Marcos administration has sent a signal for a new phase – more acute, faster, and totally focused on the biggest phase of the people urgent demand,” it said.

“It's time to readjust the expectations of the people. It's not as usual,” Mr. Marcos said in a statement. “The people have spoken and they expect results, not politics, not excuses. We hear their voices and we will take action.”

Officials will continue to perform their duties until they are resigned, or a new appointment is made by the president.

The president's allies failed to win most of the Senate seats competed in the May 12 poll, putting Mr. Marcos in a split political and legislative environment that could prevent his attempt to acquire allies in 2028.

The candidate is in line with Mr. Marcos' estranged Vice President Sara Duterte-Carpio, who outperformed expectations in the mid-term, which many consider is a proxy battle between Marcos and Duterte Camp.

Less than three yearsfOn the left, Mr. Marcos is under pressure to achieve results and develops a successor who can withstand the potential potential of Ms. Duterte Capio, who was popular in the 2028 presidential election.

More than 30 cabinet-level officials made courteous resignations, including Ralph G. Recto, Secretary of Economics, Finance, M. Balisacan, Secretary of the Ministry of Economics, Planning and Development, Amenah F. Pangandaman, Secretary of Budget, and Frederick D. Go, Assistant to the President of Investment and Economic Affairs and Economic Affairs.

Cabinet members said in a separate statement that they resigned “at the president’s welcome.”

Mr Recto said he fully supported the planned reforms, adding that Mr Marcos “bears the burden of passing complex global and domestic challenges.”

“If it is deemed necessary, I am ready to hand over the leadership to those the President believes it can better advance the development goals of our country,” Mr Balisacan said.

“It's the president's privilege. The president can change his team at any time, but I think it's a good time because it's [the middle of his term]He said on Thursday bystanders at the 2025 Businessworld Economic Forum, adding that his department is also conducting internal assessments.

PCO Deputy Minister and Palace Press Officer Clarissa A. Castro (Clarissa A.

“The President has made it clear that all pending and ongoing projects will not be affected during this transition period,” she said. “For our Cabinet Secretary and Government staff, work continues to be uninterrupted.”

Although she has no timetable, she said the president acted urgently.

When asked what priorities the government will focus on moving forward, Ms. Castro said infrastructure and education were at the top.

Political actions
The directive sparked a mixed reaction from stakeholders, which some believe may be driven by political issues.

Arjan P. Aguirre, assistant professor of political science at Ateneo de Manila University, said recent polls may have triggered Mr. Marcos’ decision to revive his cabinet.

“As incumbents, this is the most logical response we can expect to provide more people want and/or really need,” he said in a Facebook Messenger chat. “That’s what I think the Marcos administration responds, but again, we haven’t seen if that really leads to real change or benefits.”

He added: “The greater impact we can expect here is to identify new priorities for the Marcos administration – priorities for people’s concerns.”

Josue Raphael J. Cortez, diplomatic lecturer at De La Salle College, said the recalibration strategy was a timely political move by the Marcos administration.

“First, there are two ways to watch this move: First, as a prediction we have a way to listen to the government, secondly, implicit conditions for the 2028 national election, which will determine whether the ball will still be on the side of Marcoses, or whether it will spin towards Dutertes again, despite the surrounding issues.”

Ibon Foundation executive director Jose Enrique “Sonny” A. Africa said the move could be due to Mr Marcos’ approval and a decline in trust rating.

According to a March survey by Pulse Asia, Mr. Marcos' public support dropped sharply, with only 25% of Filipinos approving their performance, which is 42% compared to the previous year.

In sharp contrast, Ms. Duterte Capio had a 59% approval rate.

Sentiment towards the government is partly due to people’s inability to control inflation, which is the biggest concern for Filipino households, even though since August, Filipino households have recovered from the target range of 2% to 4%.

“Most importantly, the ineffectiveness of the government's efforts to improve the well-being of most people is due to the nature of economic policy itself, which benefits short-term corporate profitability and wealth of politically linked families, rather than universally providing public social services and aims to achieve real Philippine industrialization to create jobs,” Mr. Africa said in a Viber chat.

He said the government needs to reset policies, not just cabinets. “No matter how many times a cabinet member occurs, the public sector and the economy will not change unless there is a real reform of social and economic transformation.”

Eunina V., president of the Philippine Chamber of Commerce and Industry.

“We are working to get more investment in the country, especially with the creation of more passages (business recovery and tax incentives, businesses to maximize the opportunities for economic revitalization). We want to continue to promote economic growth and investor confidence, so we hope that judicial resignation will bring responsible and default responsibilities and statistics-based appointments and appointments, [as soon as possible] To avoid political unrest, so as not to undermine economic continuity,” Ms. Mangio said.

“We understand the actions and intentions of the President in the business and private sectors. CEO (CEO (CEO)fICER) requires a differencefAlfredo S. Panlilio, president of the Philippine Management Association, said in a statement:fIcult may be that the leader’s call was to build elite management and encourage performance to make such difficult decisions. We hope the president can find the right talents for the people he decides to replace – those who can effectively implement government plans. ”

“We believe that competent, proactive and loyal individuals will be empowered and as a cohesive team to jointly implement the national program to improve the lives of all Filipinos and bring us closer to the results our people deserve.”

Makati Business Club Chairman Edgardo O. Chua told reporters at an event that they hope the cabinet revamp will not be significant because they are generally satisfied with the performance of the current economic team.

“If many of them are replaced, it will be destructive,” he said. “We hope the president can maintain the good people.”

He said Mr. Marcos's polite resignation appealed to “give him the freedom to appoint or reappoint those he believes will be delivered in the second half of his term.”

“So we just hope that the President will quickly announce the person to be appointed or re-appointed to minimize interruption,” Mr. Chua added. Chloe Mari A. Hufana and Reuters

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button