BusinessWorld E-paper
May 29, 2025
PRESIDENT Ferdinand R. Marcos, Jr. has ordered the heads of stateowned companies to quit, a week after a similar order on his Cabinet secretaries that some see as an attempt to salvage whatever political capital he has left during the second half of his single six-year term.
In a May 26 notice posted on its website, the Governance Commission for Government-Owned or -Controlled Corporations (GCG) under the Office of the President said state companies are covered by the Palace order on courtesy resignations dated May 21.
