Gone for good: Avisado quits as DBM chief before 2022 budget hearings start

Budget Secretary Wendel Avisado has resigned from his post days before the executive branch is due to submit the proposed P5-trillion national budget for 2022 to Congress.

Leadership void: Career officer Rose Canda takes over DBM as Sec Avisado goes on leave, Usec Lao quits

Malacañang confirmed Friday (August 13) that President Rodrigo Duterte accepted Avisado’s resignation due to medical reasons.

In his resignation letter dated August 7, Avisado cited his recent bout with COVID-19 and his quadruple heart bypass 14 years ago as reasons for stepping down from his post at the Department of Budget and Management (DBM).

“The prognosis all point for me to take a rest from strenuous work and much pressure brought about by my current work so that I can recover and regain a much better health,” he said.

Avisado’s resignation comes at the heels of the departure of Budget Undersecretary Lloyd Christopher Lao, head of Procurement Services and a former staff member of Senator Bong Go.

Undersecretary Tina Rose Marie Canda will continue to serve as officer-in-charge of the DBM.

Panguil Bay bridge now 61% complete

Construction of the 3.17-kilometer bridge that will reduce travel time between Lanao del Norte and Misamis Occidental is now 61 percent complete, according to the Department of Public Works and Highways (DPWH).

Recession in US ‘not inevitable’: Yellen

A recession in the US is “not inevitable,” Treasury Secretary Janet Yellen said Thursday, adding that she believes the world’s biggest economy is on the right track in lowering inflation.