Anti-trust chief to lead Philippines' economic planning agency

THE Philippines' anti-trust agency chief Arsenio Balisacan said on Monday (May 23) he has accepted an offer from incoming president Ferdinand Marcos Jr to be his economic planning chief.

Balisacan, the first confirmed member of the new administration's economics team, previously served in the same role under President Benigno Aquino from 2012 to 2016.

"I will join the new cabinet, mindful of the immense work needed to accelerate economic recovery and post-recovery development," Balisacan said in a statement.

Marcos, who won the presidency earlier this month with nearly 60 per cent of the vote, has said political affiliation was not a factor in selecting people to work in his government.

Balisacan, an economist by training, said he looked forward to working with the incoming government and the private sector to help sustain the country's economic recovery from the pandemic.

Marcos's economic team will face challenges like the pandemic, elevated inflation and massive government debt.

Marcos, who will be sworn into office on June 30, has yet to fill all cabinet positions. He has nominated his running mate, vice president-elect Sara Duterte-Carpio, to head the education ministry, and named his spokesperson, Vic Rodriguez, as his executive secretary. REUTERS