As part of his continued push for foreign investment in the Philippines, President Ferdinand “Bongbong” Marcos, Jr. has appointed Frederick Go as his new Special Assistant for Investment and Economic Affairs.
The announcement was made with the creation of the new Office of the Special Assistant for Investment and Economic Affairs under Executive Order No. 49, which was signed by the President last December 15.
As written in the EO, Go will serve as chairperson of several government agencies under the Economic Development Group, including the National Economic and Development Authority (NEDA), the Department of Finance (DOF), the Department of Budget and Management (DBM), the Department of Trade and Industry (DTI), other attached agencies, the Board of Investments, the Philippine Economic Zone Authority, and the Securities and Exchange Commission.
Go is expected to supervise and monitor those agencies to ensure the prioritization of their respective initiatives, programs, activities, and projects (PAPs) in line with the Philippine Development Plan (PDP) 2023-2028.
On the other hand, secretaries of NEDA and DOF will serve as vice chairpersons for agencies under the EDG.
Go will also serve as a committee member for the NEDA Board, the Investment Coordination Committee (ICC), the Social Development Committee (SDC), the Committee on Infrastructure (InfraCom), and the Development Budget Coordination Committee (DBCC).
Other powers and functions
Aside from the chairmanship of the agencies under EDG, the new SAPIEA, who is also ranked as secretary, shall serve the following roles:
- Provide assistance to the president on relevant strategies in line with economic concerns.
- Identification of PAPs in the PDP 2023-2028
- Progress monitoring, review, and evaluation; problem identification; and comprehensive action plan of PAPs, including but not limited to, member agencies of the EDG.
- Pursued the key targets of the president’s priority investment and economic agenda.
The SAPIEA will also serve as the permanent representative of the Executive Secretary to the Fiscal Incentives Review Board and its Technical Committee; it may also serve as the representative of the President to other agencies, departments, and committees.
#FrederickGo #SpecialAssistant #PBBM #BBM #Marcos #Appointment #Government #Economy #OpinYon #WeTakeAStand