Philippines Marcos Keeps Economic Team, Replaces Foreign Minister in Cabinet Shakeup

Philippine President Ferdinand Marcos Jr. has initiated a cabinet reorganization by requesting courtesy resignations from all cabinet members to review departmental performance and realign government priorities following the May 2025 midterm elections. He retained key economic officials, including Finance Secretary Ralph Recto, as part of his commitment to continuity in economic policy. The economic team, including trade, finance, budget, and economic planning secretaries, expressed support for Marcos' decision and reaffirmed their dedication to serving the administration's goals. Business groups like the Management Association of the Philippines have endorsed Marcos' move, emphasizing the importance of principled leadership and meritocracy in driving national progress. In the education sector, the Philippine Business for Education voiced support for the current leadership, urging the president to retain officials who have coordinated efforts to address learning recovery and workforce alignment. Overall, the cabinet reshuffle reflects Marcos' intent to enhance government performance and respond to public expectations amid complex domestic and global challenges.