Marcos gov't ‘lost a reformer’ in ex-DOF undersecretary Cielo Magno

” if left unaddressed. She also oversaw changes in the mining fiscal regime and led the Philippines’ bid for reentry into the Extractive Industries Transparency Initiative, a framework for the good governance of oil, gas, and mineral resources.

“Undersecretary Magno’s reform effort, in line with the President’s statements and Finance Secretary’s directives, are in the best interest of the country and of the Marcos administration,” AER said, adding that Bersamin’s accusations against the undersecretary were “baseless and unfair.” Magno also has strong academic credentials, serving as an associate professor at the University of the Philippines School of Economics prior to her role in the government. She also has a PhD in law and public policy from the Northeastern University in Boston.Agricultural economist Mahar Mangahas – former president of pollster Social Weather Stations – also criticized Marcos’ price caps on rice.

“Now, in September 2023, comes this extremely strange presidential order that prohibits rice retailers from selling their wares at a price above a stated number of pesos per kilo for a given standard. It is quite uneducated and ignorant of the law of supply and demand,” Mangahas said in hisMangahas warned that the price cap could cause unintended negative effects, like prompting sellers to stop selling rice – a“The true quality of rice sold will suffer.

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