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.


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.

  • Troops overrun BIFF bomb-making facility in Mamasapano
    Troops overrun BIFF bomb-making facility in Mamasapano

    Government troops captured Sunday a bomb and weapons factory of the Bangsamoro Islamic Freedom Fighters (BIFF) in Mamasapano, Maguindanao, the Armed Forces of the Philippines (AFP) announced yesterday. Col. Restituto Padilla, AFP spokesman, said the captured bomb and weapons factory is located inside an area controlled by radical Muslim cleric Ustadz Mohammad Ali Tambako at Barangay Dasikil in Mamasapano. …

  • No need for Revilla to visit son – prosecutors
    No need for Revilla to visit son – prosecutors

    Instead of filing an opposition, ombudsman prosecutors filed a manifestation yesterday expressing belief that there is no urgent need for Sen. Ramon “Bong” Revilla Jr. to visit his son at the Asian Hospital and Medical Center. “Based on the clinical abstract issued by the Asian Hospital on patient (Cavite) Vice-governor (Jolo) Revilla, which was submitted by accused Revilla in support of his Urgent Motion, Vice-governor Revilla is in stable condition and has stable vital signs, as of March 1, …

  • N. Korea fires missiles in anger at South-US military drills
    N. Korea fires missiles in anger at South-US military drills

    North Korea fired two short-range ballistic missiles into the sea and vowed "merciless" retaliation Monday as the US and South Korea kicked off joint military drills denounced by Pyongyang as recklessly confrontational. The annual exercises always trigger a surge in military tensions and warlike rhetoric on the divided peninsula, and analysts saw the North's missile tests as a prelude to a concerted campaign of sabre-rattling. "If there is a particularly sharp escalation, we could see the …

  • Couple married 67 years holds hands in final hours together
    Couple married 67 years holds hands in final hours together

    FRESNO, Calif. (AP) — After spending 67 years together as devoted husband and wife, there was no question how Floyd and Violet Hartwig would end their lives — together. …

  • How Islamic is Islamic State group? Not very, experts say
    How Islamic is Islamic State group? Not very, experts say

    CAIRO (AP) — Three British schoolgirls believed to have gone to Syria to become "jihadi" brides. Three young men charged in New York with plotting to join the Islamic State group and carry out attacks on American soil. A masked, knife-wielding militant from London who is the face of terror in videos showing Western hostages beheaded. …

  • Recruitment firm accused of worldwide scam
    Recruitment firm accused of worldwide scam

    Filipinos aspiring to work overseas should avoid dealing with a recruitment agency that has duped jobseekers worldwide, Labor Secretary Rosalinda Baldoz said yesterday. The National Bureau of Investigation has padlocked Global Visas Inc., which is based in Cebu. Baldoz said the agency’s parent company, ICS Global Visas Inc. based in the United Kingdom, has reportedly collapsed and left thousands of applicants without jobs.  “Global Visas was in the limelight this week, following its reported …

  • Lawmakers split on tax exemption for Pacquiao
    Lawmakers split on tax exemption for Pacquiao

    Colleagues of boxing champion Manny Pacquiao at the House of Representatives backed yesterday a proposal to exempt his earnings from his May 2 fight with American Floyd Mayweather from income tax. Internal Revenue Commissioner Kim Henares has urged Pacquiao to promptly pay taxes on his May 2 earnings, which are projected to reach at least $120 million (more than P5.2 billion). …

  • Woman with slain Putin critic says she didn't see his killer
    Woman with slain Putin critic says she didn't see his killer

    MOSCOW (AP) — The 23-year-old Ukrainian model who was with slain opposition leader Boris Nemtsov tearfully recounted Monday their last dinner in a chic Red Square restaurant and their walk onto a nearby bridge — but said she did not see the gunman who pulled the trigger. …


Should Aquino be held accountable over the Mamasapano operations?

Poll Choice Options