NEDA Chief Resigns

Socio-economic Planning Secretary and National Economic and Development Authority (NEDA) Director-General Cayetano W. Paderanga Jr. has resigned, citing health reasons.

Deputy Presidential spokesperson Abigail Valte announced Paderanga's resignation in an interview yesterday on dzRB.

Valte said University of the Philippines School of Economics Dean Arsenio M. Balisacan is Paderanga's temporary replacement.

Valte said President Benigno S. Aquino III accepted Paderanga's resignation last May 10, but she could not immediately provide details.

It was already the second tour of duty at NEDA for the Stanford University-educated Paderanga. He headed NEDA in 1990-1992 during the administration of the President Corazon Aquino. He was also a member of the Monetary Board of the Bangko Sentral ng Pilipinas (BSP).

"Secretary Paderanga has already signified his intention to step down for health reasons. I don't have all the details but I was told that Secretary Paderanga made a request because he has been in service for this particular administration for the past two years," Valte said.

"We thank him for the two years, the help that he has extended to the President," she added even as she belied speculations that Paderanga was made to resign.

Valte said it was Paderanga who went told the President he has health problems and wanted to turn over his task to somebody else. She has no information on when the meeting took place and when Paderanga turned in his resignation letter.

A Palace insider, however, said the 63-year-old Paderanga "will resume teaching in Japan." Prior to his appointment to NEDA in 2010, Paderanga was a visiting professor teaching development economics at Kobe University.

The source said that "it is more lucrative to teach abroad than being in government."

Valte said apart from Paderanga's resignation, there are no changes in the economic team of the Aquino administration.

Balisacan, meanwhile, brings with him impressive credentials.

He obtained a doctorate in Economics at the University of Hawaii in 1985 after finishing his masters degree in Agricultural Economics at the University of the Philippines in Los Baños, Laguna, in 1982.

He graduated magna cum laude from Mariano Marcos State University in 1979 where he earned his Bachelor of Science degree in Agriculture.

"He is an adjunct professor of the Australian National University and he's also the executive director of the Philippine Center for Economic Development where he has served as an adviser and expert in poverty, food security, agricultural and rural development, human development, impact assessment, and governance issues to public chief executives and legislators, non-governmental organizations, multilateral development institutions, like the World Bank, Asian Development Bank, and various United Nations agencies," Valte said, reading from Balisacan's curriculum vitae.

Balisacan was also an author and co-editor of seven books and has written over 100 articles and technical journals and book chapters.

"He founded and continues to serve as the editor of the Asian Journal of Agriculture and Development, an internationally refereed journal," Valte said.

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Philippine, Vietnamese troops play soccer and sing on disputed island

    By Manuel Mogato MANILA (Reuters) - Vietnamese and Philippine troops played soccer and sang karaoke on a South China Sea island on Wednesday in a sign of the growing security ties between the two Southeast Asian nations most at odds with Beijing over the contested waterway. Cooperation has blossomed between Hanoi and Manila since they shelved decades of enmity over their competing claims in the Spratly archipelago to try to counter China, whose creation of artificial islands in the region …

  • SE Asia Stocks - Fall on renewed U.S. rate hike concerns

    BANGKOK, May 27 (Reuters) - Southeast Asian stock markets tumbled on Wednesday as investors resumed selling on expectations of an interest rate hike in the U.S. sooner rather than later, derailing Philippine ... …

  • Phl, US defense chiefs to meet on sea dispute
    Phl, US defense chiefs to meet on sea dispute

    As US aircraft carrier USS Ronald Regan began its journey to Asian waters amid China’s power flexing in the region, Defense Secretary Voltaire Gazmin would try to hear directly from his US counterpart how far America is willing to go to aid its long-time ally against China’s threatening moves in disputed waters. Gazmin flew to Hawaii last Monday to attend ceremonies for the turnover of leadership of the United States Pacific Command (USPACOM) from Admiral Samuel Locklear to Admiral Harry …

  • Water in Angat Dam falls below critical level
    Water in Angat Dam falls below critical level

    The water level of Angat Dam in Bulacan yesterday fell below the 180-meter critical level for irrigation, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said. PAGASA said the dam’s water level further dropped to 179.98 meters as of 6 a.m. yesterday from 180.2 meters on Monday. The priority is the domestic consumption in Metro Manila, according to PAGASA. …

  • PCSO gets P3-B fund for medical aid
    PCSO gets P3-B fund for medical aid

    The Philippine Charity Sweepstakes Office (PCSO) reported yesterday that an estimated P3-billion charity fund has been allocated by Congress to the agency to provide medical assistance to indigent patients and also give funds to other government offices including the Philippine Drug Enforcement Agency (PDEA) and the Crop Insurance Program. …

  • Image of Asia: Tearing down squatters' homes near Manila
    Image of Asia: Tearing down squatters' homes near Manila

    In this photo by Bullit Marquez, a demolition crew begins to tear down a squatters' community at suburban Caloocan city, north of Manila, Philippines. Population growth and the lack of economic opportunities in rural areas have driven millions of Filipinos into the squatters' colonies that dot the sprawling metropolitan area in and around Manila. Most of the land they occupy is privately owned, and clearing the dwellings often results in violence. The landowner had offered about $1,344 in …

  • SE Asia Stocks - Mostly down; Thai shares near 2-week low

    BANGKOK, May 26 (Reuters) - Most sharemarkets in Southeast Asia fell on Tuesday with the Thai index ending at a near two-week low and the Philippines touching a near four-week low after trade data while ... …

  • China breaks ground on lighthouse project in South China Sea

    China hosted a groundbreaking ceremony for the building of two lighthouses in the disputed South China Sea, state media said on Tuesday, a move that is likely to escalate tensions in a region already jittery about Beijing's maritime ambitions. China's Ministry of Transport hosted the ceremony for the construction of two multi-functional lighthouses on Huayang Reef and Chigua Reef on the disputed Spratly islands, state news agency Xinhua said, defying calls from the United States and the …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options