EO 108: Streamlining Investment and Economic Affairs at the OP
Legal question
Which office did EO 108 abolish, and who handles investment matters at the Office of the President now?
Applicable laws and rules to discuss
- Executive Order No. 108, streamlining OP investment initiatives
- Executive Order No. 292, the Administrative Code of 1987
An office was abolished, not merely realigned
The headline change is that EO 108 abolishes the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA). Its powers, duties, and functions — except those already belonging to other agencies under their own mandates — are integrated into the Office of the Executive Secretary, along with its records, documents, resources, office space, and other property. OSAPIEA personnel are to be transferred to the OES as necessary.
Who chairs what now
The Secretary of Finance serves as Chairperson of the Economic Development Committee (EDCom), continuing oversight of strategic investment priorities, with the Secretary of Economy, Planning, and Development as Vice Chairperson and an OP-designated representative remaining a member under RA 12145. The Executive Secretary now chairs the Strategic Economic and Investment Affairs (SEIA) Council, with its Vice Chairperson and members unchanged from Administrative Order No. 31.
Who this affects
Investors and agencies that previously coursed matters through OSAPIEA should now deal with the Office of the Executive Secretary. Note that other issuances that named OSAPIEA in inter-agency bodies — such as the rice tariff group under Executive Order No. 105 — were overtaken by this abolition.
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