President Ferdinand "Bongbong" Marcos Jr. has appointed new senior officials at the Department of Finance (DOF) to support Finance Secretary Ralph Recto in ensuring long-term fiscal sustainability and accelerating inclusive economic growth.
Rolando Tungpalan has been appointed as Undersecretary for the Corporate Affairs and Strategic Infrastructure Group.
Tungpalan is tasked with accelerating the 'Build Better More' program and streamlining investment processes to attract foreign investors, ensuring swift government action on investments by addressing critical bottlenecks and creating a conducive environment that welcomes investors with a red carpet.
He is a seasoned economist and an alumnus of the University of the Philippines Diliman with a degree in Economics.
Joven Balbosa, who served in senior roles in key multilateral agencies, has also joined the DOF as Undersecretary for the International Finance Group (IFG).
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