President Ferdinand R. Marcos Jr. on Wednesday formally administered the oath of office to Acting Executive Secretary Ralph G. Recto and Acting Finance Secretary Frederick D. Go in a ceremony held at the Study Room of Malacañan Palace.

The appointments were announced by Presidential Communications Undersecretary and Palace Press Officer Claire Castro on Tuesday. Castro cited both officials’ extensive records in governance, policy-making, and economic management.

According to Castro, Recto’s extensive experience in economic policy-making, fiscal legislation, and national planning makes him “well-suited to manage government operations and coordinate the implementation of high-impact programs.” 

Recto previously served as Finance Secretary and was a member of the Monetary Board. 

In 2008, he also served as Socioeconomic Planning Secretary and Director-General of the National Economic and Development Authority (NEDA).

Go, meanwhile, steps into the role of Finance Secretary after serving as Special Assistant to the President for Investment and Economic Affairs. 

He was credited for advancing investment initiatives, strengthening investor confidence, and ensuring cross-agency alignment of the administration’s economic programs. 

In the private sector, Go held several top executive positions, including President and CEO of Robinsons Land Corporation, Chairman of RL Commercial REIT, Inc., and Chairman/Vice Chairman of the Luzon International Premier Airport Development (LIPAD) Corp.

Castro emphasized that the leadership changes underscore President Marcos’ drive to reinforce government institutions, improve coordination across agencies, and maintain a clear focus on providing “stability, opportunity, and security” for the Filipino people.