By Ruth Abbey Gita-Carlos, February 5, 2026; Philippine News Agency
https://www.pna.gov.ph/articles/1268487
Manila – President Ferdinand R. Marcos Jr. has abolished the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) and transferred its functions to the Office of the Executive Secretary (OES).
The move aims to streamline Malacañang’s investment and economic initiatives, under Executive Order (EO) 108 signed by Marcos on Jan. 26 and made public Thursday.
“There is a need to further streamline the initiatives of the OP on investment and economic affairs to further establish a robust monitoring system and ensure a more holistic and cohesive approach to address the diverse economic challenges currently confronting the nation,” the EO read.
“The OSAPIEA is hereby abolished. The powers, duties, and functions of OSAPIEA, except those that are within the powers, duties, and functions of other concerned agencies in accordance with their respective mandates, shall now be integrated into the Office of the Executive Secretary (OES),” it added.
EO 108 mandates the turnover over of all OSAPIEA records, documents, resources, office spaces and properties to the OES.
The personnel of the abolished office may also be transferred to the OES, subject to existing laws, rules and regulations.
In 2023, Marcos issued EO 49 which established OSAPIEA under the Office of the President to ensure the effective integration, coordination and implementation of the government’s investment and economic policies and programs.
Under EO 49, the Special Assistant to the President for Investment and Economic Affairs (SAPIEA) serves as chairperson of the Economic Development Committee (EDCom) and as a member of key Economic Development Council (EDC) committees.
The Secretary of the Department of Finance will now lead the EDCom, while the Secretary of the Department of Economy, Planning and Development shall serve as vice chairperson, according to EO 108.
The SAPIEA, by virtue of Administrative Order 31 issued in 2025, also served as chairperson of the Semiconductor and Electronics Industry Advisory (SEIA) Council, the President’s key advisory body on the semiconductor and electronics industry.
Under EO 108, the Executive Secretary shall now serve as the chairperson of the SEIA Council.
EO 108 takes effect immediately upon its publication in the Official Gazette or a newspaper of general circulation.
