NEW LEADER. Finance Undersecretary Karl Chua presents the government's tax calculator. Malacañang file photo
MANILA, Philippines – President Rodrigo Duterte appointed Finance Undersecretary Karl Chua as acting secretary of the National Economic and Development Authority . Executive Secretary Salvador Medialdea confirmed this on Friday, April 17, just minutes after Socioeconomic Planning Secretary Ernesto Pernia"The President has appointed DOF Usec Karl Chua as acting secretary of NEDA," Medialdea told reporters.
"I would like to thank the President for appointing me to the position. It has been an honor and privilege to have served the country under his administration for the past nearly 4 years," Pernia said.
From the poster boy of TRAIN Law, Karl Chua is now tasked to plan how the economy will adjust to the new normal after the coronavirus pandemic. READ: Who is Karl Chua, NEDA’s new acting secretary?