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Home Business Economy & Trade

CA confirms Chua as NEDA secretary

Julito G. RadabyJulito G. Rada
June 2, 2021, 7:40 pm
in Economy & Trade
Reading Time: 1 min read
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The Commission on Appointments confirmed Wednesday the appointment of National Economic and Development Authority Secretary Karl Kendrick Chua, a month after he was officially appointed by President Rodrigo Duterte.

Chua was appointed acting secretary after former NEDA chief Ernesto Pernia resigned in April 2020. In April 2021, he was officially appointed NEDA secretary by Duterte.

Confirmation
CONFIRMATION: Senate President and Commission on Appointments Chairman Vicente C. Sotto III presides over the plenary session confirming the nominations and ad interim appointments of 16 officials of the Department of Foreign Affairs (DFA), 29 senior officers of the Armed Forces of the Philippines and Karl Kendrick Chua, Secretary of the National Economic and Development Authority. Senate PRIB

Chua said during the CA hearing that his appointment as acting secretary and then as ad-interim secretary of Socioeconomic Planning came at a very difficult time in history, and he was very much aware of the scale of the unprecedented challenge.

The economy contracted by a record 9.6 percent in 2020, the worst since the end of World War 2. In the first quarter this year, GDP declined by 4.2 percent, the fifth consecutive quarter of contraction.

“I will offer my best effort and to contribute effective solutions to the challenges that we are all facing as a nation and to consult frequently with various stakeholders,” he said.

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Tags: Commission on AppointmentsNational Economic and Development AuthorityNEDA Secretary Karl Kendrick Chua
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Julito G. Rada

Julito G. Rada

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