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Manila Bulletin devider Philippines devider National devider Marcos dissolves special assistant for investment and economic affairs office

Marcos dissolves special assistant for investment and economic affairs office

Published Feb 5, 2026 05:59 pm
President Ferdinand R. Marcos Jr. (Mark Balmores)
President Ferdinand R. Marcos Jr. (Mark Balmores)
President Marcos has officially abolished the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).
Through Executive Order No. 108, Marcos dissolved the Office which was previously headed by now Acting Finance Secretary Frederick Go.
Its powers and functions, however, will be transferred to the Office of the Executive Secretary.
The development, according to Malacañang, was part of the President's move to streamline his office's initiatives on investment and economic affairs.
"There is a need to further streamline the initiatives of the OP (Office of the President) on investment and economic affairs to further establish a robust monitoring system and ensure a more holistic and cohesive approach to address the diverse economic challenges currently confronting the nation,” the EO, dated Jan. 26, stated.
“The OSAPIEA is hereby abolished. The powers, duties, and functions of OSAPIEA, except those that are within the powers, duties, and functions of other concerned agencies in accordance with their respective mandates, shall now be integrated into the Office of the Executive Secretary (OES),” it added.
In November last year, Malacañang already announced that the OSAPIEA will be abolished, following a Cabinet shakeup that moved Go to the Department of Finance (DOF).
In 2023, Marcos issued EO 49 which established OSAPIEA under the Office of the President to ensure the effective integration, coordination, and implementation of the government's investment and economic policies and programs.
Based on EO 49, the Special Assistant to the President for Investment and Economic Affairs (SAPIEA) served as Chair of the Economic Development Committee (EDCom) and as a member of key Economic Development Council (EDC) committees.
Under the latest EO 108, the Secretary of the Department of Finance shall now serve as the chairperson of the EDCom, while the Secretary of the Department of Economy, Planning and Development shall serve as the Vice Chairperson of the EDCom.
Previously, the SAPIEA also served as Chairperson of the Semiconductor and Electronics Industry Advisory (SEIA) Council, the President’s key advisory body on the semiconductor and electronics industry, based on Administrative Order No. 31 issued in  2025.

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President Marcos OSAPIEA Executive Secretary Ralph Recto
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