The Presidential Communications Office (PCO) yesterday announced the resignation of Secretary Alfredo Pascual from the Department of Trade and Industry (DTI) effective Aug. 2, 2024.
In a statement, Pascual said he will return to the private sector where “my roles will allow me to continue contributing my expertise and experience while being able to spend quality time with my family. “
President Marcos Jr. met with Pascual at Malacañang Palace to accept his resignation.
PCO said the search for a successor will commence immediately to ensure a seamless transition and continuity in the DT’Is initiatives.
But rumors floated the names of Secretary Arsenio Balisacan of the National Economic and Development Authority, Secretary Frederick Go of the Office of the Presidential Adviser on Investments and Economic Affairs and Sen. Grace Poe who is serving her last term, as replacement.
Marcos described Pascual’s service to the DTI the past three years as “invaluable” in guiding the restoration and transformation of the Philippine economy.
“His focus on MSMEs (micro, small and medium enterprises) was absolutely correct, and we are beginning to see the fruits of that policy. We are sorry to lose him, but we respect his decision that this is the time for him to return to the private sector,” said Marcos said.
Pascual said his role as DTI secretary “has been one of the most challenging yet fulfilling experiences of my career.”
“Serving in the Marcos Jr. Cabinet has been an extraordinary privilege and honor. I take pride in our collective achievements at the Department of Trade and Industry,” he said.
