Safe from the axe: Marcos’ top economic minds stay on
Credit to Author: Jean Mangaluz| Date: Fri, 23 May 2025 15:40:00 +0800
MANILA, Philippines — President Ferdinand Marcos Jr. is keeping Executive Secretary Lucas Bersamin and his economic team following a surprise call for Cabinet officials to resign.
In a briefing at Malacañang Palace, Bersamin dispelled rumors that the president had asked him to resign in order to replace him with someone else.
"He communicated to me that I have his full backing for as long as I wish to work for him. And that is a very good gesture from the president because that is a sign of his manifestation of his full trust and confidence in myself," Bersamin said in a rare press briefing. The executive secretary said a total of 52 officials have tendered their courtesy resignation.
After evaluating, Marcos decided to keep his econimic team, which is composed of the following:
Bersamin said the economic team was given priority in the evaluation and that more announcements will be made in the coming days.
Marcos' decision to reshuffle his secretaries comes amid a dismal performance at the midterm polls, where only six out of his 11 bets secured Senate seats.