ADVERTISEMENT
Manila Bulletin devider Philippines devider National devider Marcos orders creation of investment and economic affairs office

Marcos orders creation of investment and economic affairs office

Published Dec 18, 2023 09:43 am

President Marcos has issued an executive order creating the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), which will be tasked to ensure the effective integration, coordination and implementation of the various government investment and economic policies and programs.

OSAPIEA_Go.jpgSpecial Assistant to the President for Investment and Economic Affairs Frederick Go (PCO photo)

According to the Presidential Communications Office (PCO), Marcos signed Executive Order (EO) No. 49 forming the OSAPIEA under the Office of the President (OP) last Dec. 15.

“There is a need to further strengthen the existing mechanisms for formulation, coordination and implementation of the government’s economic initiatives, plans, policies and programs, as well as to establish a robust monitoring system to ensure a holistic and cohesive approach to addressing the diverse economic challenges currently confronting the nation,” Marcos said in issuing the order.

The EO said the newly formed OSAPIEA shall be headed by a Special Assistant to the President for Investment and Economic Affairs (SAPIEA) with the rank of a Secretary.

Marcos appointed Presidential Adviser on Investment and Economic Affairs Frederick D. Go to head the OSAPIEA.

According to the PCO, the new OSAPIEA head will advise and assist the President on economic matters and concerns such as inflation, food security, and the increasing prices of key commodities, among others.

Among Go’s other functions also include ensuring that the President’s priority investment and economic agenda is actively pursued, and inter-agency actions are expedited to achieve key targets.

The PCO added the OSAPIEA will also take charge of “making sure investment pledges made are realized and come to fruition.”

Under EO. 49, the SAPIEA shall serve as chairperson of the Economic Development Group (EDG), while the Secretaries of the National Economic and Development Authority (NEDA) and Department of Finance (DOF) shall serve as Vice Chairpersons.

The SAPIEA shall work with the EDG, and identify the priority programs, activities and projects (PAPs) in the Philippine Development Plan (PDP) 2023-2028, as well as monitor, review and evaluate the progress of priority initiatives and PAPs of the administration, it said.

As EDG chairperson, the SAPIEA is directed to supervise, in behalf of the President, the NEDA, DOF, Department of Budget and Management (DBM), Department of Trade and Industry (DTI) and their respective attached agencies such as the Board of Investments (BOI), Philippine Economic Zone Authority (PEZA), Securities and Exchange Commission (SEC), “to ensure effective and efficient implementation of their respective priority initiatives and PAPs.” These agencies are required to regularly report and coordinate with the SAPIEA on priority initiatives and PAPs.

Other functions include identifying problem areas in the implementation and submit to the President a comprehensive report on such matters, including their status, and ensure timely execution, as well as close monitoring of the impact on identified targets of priority economic initiatives and PAPs.

The head shall also sit as a Member of NEDA Board, Investment Coordination Committee (ICC), Social Development Committee (SDC), Committee on Infrastructure (INFRACOM), and Development Budget Coordination Committee (DBCC).

Related Tags

OSAPIEA Secretary Frederick Go economic affairs President Marcos
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.