Marcos Jr. appoints Amenah Pangandaman as DBM chief to complete economic team

President-elect Ferdinand “Bongbong” Marcos Jr. filled the remaining post dealing with economic policy with the appointment of Bangko Sentral ng Pilipinas Assistant Governor Amenah F. Pangandaman as Budget and Management Secretary.
Pangandaman has officially accepted Marcos’ invitation with a pledge to manage the country’s fiscal resources in pursuit of national development goals.
“As Budget and Management Secretary, I will do my utmost to live up to the trust placed in me by the President-elect and craft responsive budget and management policies that will support our rebuilding efforts from the pandemic,” she said.
Pangandaman identified the modernization of the budget system and incorporation of sustainability principles in government spending as her key priorities upon her assumption.
“ My team and I vow to work with the rest of the economic team and continue the policies and reforms that we have long fought for. We will strive to ensure prudent and transparent use of public funds in a way that allows us to regain lost ground while also uplifting the lives of the ordinary Filipino,” she said.
No stranger to the complex budget process, Pangandaman served as DBM Undersecretary and functional Group Head of the Office of Secretary under then DBM chief, Benjamin Diokno from 2016 to 2019.
Pangandaman, an Economics graduate of the Far Eastern University, served as a key mover in the preparation, implementation, and monitoring of the General Appropriations Act.
She offers diversity and fresh perspective to an otherwise male- dominated team of economic technocrats composed of Felipe Medalla and Diokno, who will be serving as the incoming administration’s BSP Governor and Finance Secretary, respectively.
A Maranao with roots from the south, Pangandaman always aims to give Mindanao a voice in her capacity as a public servant in the different branches of government.

ERC to look into complaints of overcharging by power firms

Numerous complaints on increasing electricity rates have prompted the Energy Regulatory Commission (ERC) to launch an investigation on the accuracy and reasonableness of the generation rates being passed on by distribution utilities (DUs) to its consumers.