00:00 Even a very perfunctory research will immediately show both Secretary Goh and Secretary Recto
00:10 are distinguished leaders whose expertise, vision and dedication will undoubtedly contribute
00:17 to the prosperity of our country.
00:19 If there is one thing that is admirable about our new Secretary, Secretary Goh, is that
00:26 despite him being comfortable in his own life, he knows he can still make a difference to
00:32 our country.
00:33 I trust that his fruitful years across many ventures have sharpened his acumen for the
00:39 next big opportunity.
00:42 He will be at the forefront when we take that leap towards economic growth.
00:47 He has a vision of innovation and Secretary Goh will help us create an environment that
00:53 will not just draw in investment but realize them, ushering in an era of unprecedented
01:00 growth across industries.
01:03 As the SAPEA, apparently is what your office is going to be referred to, he will ensure
01:10 the effective integration and implementation of various investment and economic policies
01:15 of the government.
01:16 Joining him in our economic team is the new Secretary of Finance, Mr. Ralph Recto.
01:24 He has already had a remarkable career in public service, having excelled in various
01:30 roles within the government.
01:32 He will be a major player on how we stay on the path of growth, meet and even surpass
01:38 our medium-term fiscal targets and achieve our developmental targets.
01:43 He will promote not just ease in paying taxes but also in efficiently and effectively spending
01:49 those collections because the citizens' reward for tax compliance should be better and more
01:55 responsive public services.
01:58 He will continue to help devise strategies that will tame inflation through a basket
02:04 of responses, ranging from plugging supply gaps to injecting non-monetary measures so
02:11 that prices will be stable.
02:15 I am certain that he will be championing reforms, leverage his influence in both houses of Congress
02:21 into passing bills that accelerate growth, draw in investments and create better jobs
02:27 while raising funds that will be invested back for human and physical capital formation.
02:33 My fellow Filipinos, these two gentlemen embody the values of competence, integrity and a
02:40 deep sense of responsibility that we look for in our government leaders.
02:46 Together they will form part of a dynamic team committed to steering our economic policies
02:51 towards inclusivity and progress.
02:54 We will work towards creating an environment that encourages investment, stimulates economic
02:59 opportunities and uplifts the lives of every Filipino citizen.
03:05 I thus call upon everyone to support our new secretaries as they assume these critical
03:11 roles in the government.
03:13 Let us join hands and build a future where economic prosperity is shared by all, where
03:19 opportunities abound and where the Philippines stands tall on the global stage.
03:25 Thank you very much and good afternoon.
03:27 [END]
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