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Biz groups back Go, Recto appointments as Finance chief, ES
Business groups and investment promotion agencies have welcomed President Marcos' new Cabinet appointments, expressing optimism that these changes will bolster investor confidence.
The Federation of Philippine Industries (FPI) views the appointment of Finance Secretary Ralph Recto as Executive Secretary and the designation of Frederick Go as the new Finance Secretary as crucial for restoring stability amid corruption concerns.
FPI Chairperson Elizabeth Lee highlighted that Recto's established expertise in fiscal management and governance is expected to enhance policy coherence from the Office of the Executive Secretary.
Lee also stated that Go's background in investment promotion and economic affairs is anticipated to maintain the current momentum in fiscal management and attracting investments.
Additionally, the FPI supports the appointment of Charlito Martin Mendoza as the new Bureau of Internal Revenue (BIR) commissioner, believing his dedication to integrity and transparency will foster a predictable business environment.
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