BIZ BUZZ: GOCC heads next to roll?
Looks like the Palace isn’t done cleaning house just yet.
Fresh off a headline-making Cabinet reshuffle, Malacañang is now turning its sights on a new target with 168 top honchos running government-owned and -controlled corporations (GOCCs) and investment agencies.
According to Biz Buzz’s well-placed source, official letters signed by Executive Secretary Lucas Bersamin have been sent out, asking these agency heads to file their courtesy resignations.
Yep, you read that right: more exits could be on the horizon.
One big name reportedly on the list? The office of Philippine Economic Zone Authority Director General Tereso Panga, who’s been one of the administration’s front-liners in drumming up foreign investments and is also among the biggest remiters to the national coffers.
The source added that Bersamin, along with a small review panel of four other insiders, will be evaluating the performance of each official before deciding who stays and who goes.
The Food and Drug Administration and the Home Development Mutual Fund, commonly known as the Pag-Ibig, are also among the agencies whose top officials were asked to tender their resignations, the same source confirmed.
The move has stirred unease across parts of the bureaucracy, particularly among officials linked to the previous Duterte administration, which had a falling out with the Marcos camp.
Looks like the real power shuffle is just getting started, and all eyes will soon be on who will make the cut and who’s getting shown the door.
