Marcos Keeps Philippine Economic Team, Replaces Top Diplomat (1)

Philippine President Ferdinand Marcos Jr. retained his economic managers in a sign of policy continuity amid a Cabinet shakeup, while replacing his top diplomat as tensions with China linger.

Finance Secretary Ralph Rectoand Special Assistant to the President for Investment and Economic Affairs Frederick Go will keep their posts, Executive Secretary Lucas Bersamin said in a briefing on Friday. The ministers for trade, economic planning and budget will also stay on, he said.

Marcos decided to keep his economic team “to enhance our economy in the eyes of the outside world and here in the Philippines,” Bersamin said.

Keeping ...