Philippines Small Business

David Ogden

SOCIOECONOMIC Planning Secretary Cayetano Paderanga Jr. has tendered his resignation due to health reasons, Malacanang said Saturday.

Deputy presidential spokesperson Abigail Valte said Paderanga, who is also the director-general of the National Economic and Development Authority (Neda), will be replaced by Dr. Arsenio Balisacan.

"We are very happy to have worked with Secretary Paderanga and we thank him for the two years, (for) the help that he has given to the President," Valte said.

Balisacan’s appointment paper was signed by President Benigno Aquino III on May 10.