Politics President Marcos Retains Executive Secretary Bersamin and Economic Team

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In an unexpected call for Cabinet resignations, President Ferdinand Marcos Jr. has chosen to retain Executive Secretary Lucas Bersamin and his core economic team. During a briefing at Malacañang Palace, Bersamin clarified rumors regarding his resignation, affirming the president's continued trust and support.

 

Bersamin expressed gratitude for the president's vote of confidence, describing it as a gesture of full trust and confidence. "He communicated to me that I have his full backing for as long as I wish to work for him," Bersamin stated, marking the president's explicit support for his role amidst the broader Cabinet shake-up.

 

Following the evaluation, Marcos decided to keep his economic team intact. This decision involves retaining:

 

• Cristina Roque as Secretary of the Department of Trade and Industry
• Arsenio Balisacan as Secretary of the Department of Economy, Planning, and Development
• Ralph Recto as Secretary of the Department of Finance
• Amenah Pangandaman as Secretary of the Department of Budget and Management
• Frederick Go as Special Assistant to the President for Investment and Economic Affairs

 

Bersamin noted that the economic team was prioritized in the recent evaluations, emphasizing the president's focus on economic stability and agenda. Additional announcements regarding other Cabinet positions are forthcoming.

 

This reshuffle follows a disappointing midterm election outcome for Marcos, where only six of his preferred eleven Senate candidates secured seats. The decision to maintain a stable economic advisory team reflects an emphasis on continuity and expertise in managing the country's economic policies and challenges moving forward.

 

  Adapted by ASEAN Now from PhilStar 2025-05-23