ABS-CBN
Outgoing DTI chief Pascual says Marcos free to name successor
Trade Secretary Alfredo Pascual resigned effective August 2 to return to the private sector, a decision President Ferdinand Marcos Jr. accepted.
Marcos Jr. acknowledged Pascual's positive impact on Micro, Small, and Medium Enterprises (MSMEs) and is allowing Pascual to have a free hand in choosing his successor.
Pascual stated that his resignation needed to be immediate due to the long-term implications of the actions required by his replacement.
He mentioned that there was no specific trigger for his departure, but it was a choice between serving the government and sacrificing personal time.
Pascual's departure, rumored earlier, makes him the third cabinet secretary to resign from Marcos' administration this year.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
President Ferdinand Marcos Jr. administered the oath of office to Ma. Cristina Aldeguer-Roque as the new acting secretary of the Department of Trade and Industry (DTI).
+4
Read more →
Outgoing Department of Trade and Industry (DTI) Secretary Alfredo Pascual is leaving behind a pipeline of USD76.6 billion in investments for the Marcos administration.
Read more →