Tuesday, June 28, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

BBM powerhouse team shaping up

Rey E. RequejoJulito G. RadaMaricel CruzbyRey E. Requejo,Julito G. Radaand2 others
May 27, 2022, 12:55 am
in News, Top Stories
Reading Time: 5 mins read
A A
907
SHARES
Share on FacebookShare on TwitterShare on Email

Diokno (DOF), Medalla (BSP), Pascual (DTI), Bonoan (DPWH), Lagdameo (SAP)

President-elect Ferdinand Marcos Jr. came one step closer Thursday to completing his economic team, designating Bangko Sentral ng Pilipinas Governor Benjamin Diokno as his secretary of Finance and naming Felipe Medalla as Diokno’s replacement at the central bank.

Benjamin Diokno

Marcos also tapped former University of the Philippines president Alfredo Pascual as his Trade and Industry secretary and Manuel Bonoan to head the Department of Public Works and Highways (DPWH).

Diokno’s appointment as Finance secretary will cut short his term as BSP governor, which is set to end in July 2023.

“It is an honor to serve the Filipino people in my current and any future capacity. I am grateful and humbled by the President-elect to help his administration manage the country’s fiscal affairs,” Diokno said in a statement.

“As Finance secretary, I will strive to continue prudently and carefully balancing the need to support economic growth, on one hand, and to maintain fiscal discipline, on the other,” Diokno added.

ADVERTISEMENT

In accepting the top post at the Department of Finance, Diokno emphasized the importance of policy continuity.

Felipe Medalla

“Prior to the pandemic, the Philippines was poised to transition into an upper-middle-income economy, thanks largely to sound economic policies put in place over decades by multiple administrations. As the country transitions to the next administration, it is my view that continuity of sound macro and fiscal policies is important to achieve the stronger post-COVID Philippine economy that we all aim for,” he said.

Before his appointment to the BSP under the Duterte administration, Diokno had served his second term as secretary of the Department of Budget and Management (DBM).

He first served as DBM secretary under the Estrada administration and was Budget undersecretary from 1986 to 1991 under then-President Corazon Aquino.

Medalla, on the other hand, served as a member of the Monetary Board since July 2011. He was first appointed by the late President Benigno Aquino III and was given a second term by Duterte in July 2017.

Medalla also served as secretary of socio-economic planning and director-general of the National Economic and Development Authority from 1998 to 2001 during the administration of ousted President Joseph Estrada.

Pascual is the head of the Management Association of the Philippines (MAP) while Bonoan is the president and chief executive officer of SMC Tollways.

Anton Lagdameo

Earlier, Marcos named Arsenio Balisacan to head the National Economic and Development Authority (NEDA), a post he also held under the Aquino administration.

Marcos also said during a press conference a day after his proclamation that he wants his long-time friend, former lawmaker Anton Lagdameo, to be his special assistant.

Senator Christopher “Bong” Go held that position under the Duterte administration before he was elected to the Senate in 2019.

Marcos, meanwhile, said he was still waiting for House Deputy Speaker Rodante Marcoleta and retired professor Clarita Carlos to say which government post they felt they could be “most useful.”

Marcos said he always asks potential appointees the question, “Where do you feel the most useful?” before deciding where to place them in his incoming administration.

“I asked the same question to Ka Dante Marcoleta and I’m still waiting for his answer,” he said in a press conference.

Manny Bonoan

Marcoleta was part of Marcos’s 2022 Senate slate before he withdrew his candidacy. The move exempts him from the ban on appointing losing candidates to government posts up to one year after election day, a poll official earlier said.

He was also one of the lawmakers who pushed to deny ABS-CBN of a fresh broadcast franchise in 2020.

Trade Secretary Ramon Lopez on Thursday said he is leaving the Department of Trade and Industry (DTI) in capable hands, after Marcos named Pascual as the new DTI secretary.

Pascual is the 73rd president of the MAP since its inception in 1950.

“With his competence, integrity, energy and a wide range of experience in different industries, I know he will steer DTI towards greater heights in the years ahead. He is an excellent choice,” Lopez said.

A governance advocate, Pascual currently serves as the lead independent director (ID) at SM Investments Corp. He is also an ID at other publicly-listed companies, including Megawide Construction and Concepcion Industrial.

Alfredo Pascual

From 2011-2017, he served as president and co-chair of the University of the Philippines.

Before becoming UP president, Pascual was Alumni Regent on the UP Board. He also served as a trustee at the International Rice Research Institute and the Philippine Institute for Development Studies.

The Makati Business Club pledged its support for the new appointments to the incoming administration’s economic team.

“The appointment of these experienced, well-known leaders should boost the confidence of local and foreign businesses, from MSMEs to big players, that the new administration will promote liberalizing but inclusive policies that will accelerate job creation, competition, and economic recovery,” said the MBC.

Rep. Joey Sarte Salceda of Albay said Diokno’s appointment to the Finance department rounds up the composition of a “powerhouse” team that will oversee the country’s economic progress in the next six years.

“All in all, the Diokno, Balisacan and Medalla appointments are solid choices and I expect to work with the economic team more closely in the weeks ahead,” Salceda said.

Diokno, Salceda said, is “by far, the strongest appointment President-elect Ferdinand Marcos Jr has made. He is well respected internationally, and has the gravitas and experience necessary to steer the country’s finances through the headwinds it is facing.”

Tags: Alfredo PascualAnton LagdameoBenjamin DioknoBongbong Marcos JrFelipe MedallaManuel Bonoan
ADVERTISEMENT
Rey E. Requejo

Rey E. Requejo

Julito G. Rada

Julito G. Rada

Othel V. Campos

Othel V. Campos

Maricel Cruz

Maricel Cruz

Show More Contributor

Related Posts

22 tagged in agri smuggling

byMacon Ramos-Araneta
June 28, 2022, 1:40 am
0
185
Probe sought on smuggled vegetables

Customs chief, DA officials, mayors highlight Senate report’s list A Senate report released Monday has identified Customs Commissioner Rey Guerrero...

Read more

Oil prices move closer to P100/l with new hikes

byAlena Mae S. Floresand2 others
June 28, 2022, 1:30 am
0
148
Another oil price hike

Pump prices moved closer to P100 per liter in Metro Manila, with the latest round of oil price hikes of...

Read more

VP’s husband Emhoff leading US delegation to inauguration

byRey E. Requejo
June 28, 2022, 1:20 am
0
146
VP’s husband Emhoff leading US delegation to inauguration

The husband of US Vice President Kamala Harris, Douglas Emhoff, will lead the American delegation to the inauguration of President-elect...

Read more

COVID tally, serious cases going up

byWillie Casasand1 others
June 28, 2022, 1:10 am
0
180
Shelve caravans for now, UniTeam asks supporters

COVID-19 cases have gone up by more than half in the last seven days, while the number of patients with...

Read more

House planning 100% face-to-face SONA for Marcos, first in two years

byManila Standard
June 28, 2022, 1:00 am
0
148
House caps busy 2021 with P5-trillion budget, vows ‘more fruitful’ 2022 to fight COVID

The House of Representatives is planning to host a 100-percent face-to-face State of the Nation Address for President-elect Ferdinand Marcos...

Read more

Ople wants OFWs deployed quicker; Hospital workers too despite shortage

byVito Barcelo
June 28, 2022, 12:50 am
0
155
Ople still undecided on DMW post

Incoming Department of Migrant Workers Secretary Susan Ople wants to hasten the processing of the deployment of overseas Filipino workers,...

Read more

Stories you may like

  • Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    36761 shares
    Share 14704 Tweet 9190
  • Of course, it was BBM’s project

    30882 shares
    Share 12353 Tweet 7721
  • INC endorses BBM, Sara

    28808 shares
    Share 11523 Tweet 7202
  • Duterte’s seven biggest achievements

    21986 shares
    Share 8794 Tweet 5497
  • Marcos leads SWS survey on presidentiables at 50%

    13583 shares
    Share 5433 Tweet 3396

Print Edition

View More

Recent Posts

  • ALLIED CARE EXPERTS (ACE) MALOLOS DOCTORS, INC.: Notice of Annual Stockholders’ Meeting
  • CONCEPCION INDUSTRIAL CORPORATION: Notice of the Annual Stockholders’ Meeting
  • PHILIPPINE SEVEN CORPORATION: Notice of Annual Stockholders’ Meeting
  • 22 tagged in agri smuggling
  • Oil prices move closer to P100/l with new hikes
  • VP’s husband Emhoff leading US delegation to inauguration
  • COVID tally, serious cases going up
  • House planning 100% face-to-face SONA for Marcos, first in two years

Advertisement

Latest News

VP’s husband Emhoff leading US delegation to inauguration

byRey E. Requejo
June 28, 2022, 1:20 am
0
146
VP’s husband Emhoff leading US delegation to inauguration

The husband of US Vice President Kamala Harris, Douglas Emhoff, will lead the American delegation to the inauguration of President-elect...

Read more

COVID tally, serious cases going up

byWillie Casasand1 others
June 28, 2022, 1:10 am
0
180
Shelve caravans for now, UniTeam asks supporters

COVID-19 cases have gone up by more than half in the last seven days, while the number of patients with...

Read more

House planning 100% face-to-face SONA for Marcos, first in two years

byManila Standard
June 28, 2022, 1:00 am
0
148
House caps busy 2021 with P5-trillion budget, vows ‘more fruitful’ 2022 to fight COVID

The House of Representatives is planning to host a 100-percent face-to-face State of the Nation Address for President-elect Ferdinand Marcos...

Read more

Ople wants OFWs deployed quicker; Hospital workers too despite shortage

byVito Barcelo
June 28, 2022, 12:50 am
0
155
Ople still undecided on DMW post

Incoming Department of Migrant Workers Secretary Susan Ople wants to hasten the processing of the deployment of overseas Filipino workers,...

Read more

Duterte leaving as ‘most popular’ leader—survey

byManila Standard
June 28, 2022, 12:40 am
0
191
Rody: I did my best to serve you, but sorry if you find that lacking

Outgoing President Rodrigo Duterte will step down from office as “the most popular president of the post-Edsa 1 era,” according...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App