Panga stays as Peza OIC, says Palace

The designation of Philippine Economic Zone Authority (Peza) Officer-in-Charge and Director General Tereso Panga as the interim head of the investment promotion agency was finally confirmed by the Office of the President (OP).

In a letter to the Peza Board of Directors dated Jan 23 and signed by Executive Secretary Lucas Bersamin, the OP cited Memorandum Circular No. 1 series of 2022 as the basis of its assessment.

In particular, the letter said that Peza is included in the roster of government agencies covered by the memorandum, which meant the position of former Peza chief Charito Plaza, whose appointment was co-terminus with the term of former President Rodrigo Duterte, was deem…

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