Finance exec expected termination after FB post

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Finance exec expected termination after FB post
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(UPDATE) FORMER Finance undersecretary Cielo Magno said that she knew that her Sept. 1, 2023 Facebook post of a graph showing how the price ceiling on rice contradicts basic economic concepts would cause her to lose her job.

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Finance Undersecretary Cielo Magno. Photo by DOF'I knew when I posted the supply and demand graph that my boss would receive a call from Malacañang to remove me, but I did it anyway. With how things were going, I knew it was time to go,' Magno, an appointee of President Ferdinand Marcos Jr., posted on X on Saturday.

In an earlier social media post on Friday, Magno said it was an honor to serve the country after receiving notice of the expiration of her tenure.'It is not a resignation or a termination. Expiration is the right term,' she wrote in Filipino and English on X.'I can sleep well, knowing that I did my best serving our country and advocating the interests of our people,' she added.

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Malacañang says resigned finance undersecretary Magno had it comingMalacañang says resigned finance undersecretary Magno had it comingExecutive 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
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