Malacañang says resigned finance undersecretary Magno had it coming

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Executive Secretary Lucas Bersamin claims Cielo Magno was ‘clearly set on maligning the Marcos administration’ following a post on the President’s highly-criticized rice price ceiling policy

” of a Department of Finance undersecretary by claiming she was “clearly set on maligning” the Marcos administration.

Magno, who holds a PhD in law and public policy from Northeastern University in Boston, reportedly stepped down following orders from Malacañang itself over a Facebook post that questioned President Ferdinand Marcos Jr.’s controversial move toBersamin did not make a reference to a specific post but said: “While we support anyone right to free speech, it would be counter intuitive to have someone be part of the administration who was clearly set on maligning it to begin with.

Magno had made a post of a chart depicting the law of supply and demand. Based on this basic theory, imposing price caps would lead to, leading to a shortage. “I miss teaching,” wrote the former University of the Philippines School of Economics professor in relation to the post. “The termination of her appointment could only be expected as she clearly does not support the administration and its programs for nation-building,” he added. The President has not spoken about Magno’s resignation himself.

 

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