In a significant cabinet reshuffle, Philippine President Ferdinand Marcos Jr has appointed Frederick Go, his presidential adviser for investment, as the new finance secretary. This move replaces Ralph Recto, who has been reassigned as the executive secretary. The changes were announced on Monday amidst an ongoing investigation into alleged corruption in infrastructure projects, which has sparked public outrage and hindered economic growth. Presidential Communications Undersecretary Claire Castro emphasized that these adjustments underscore the president’s dedication to fortifying governmental institutions and enhancing inter-departmental coordination. Recto, who served as finance secretary for nearly two years, brings extensive legislative experience from his three-decade tenure in the lower house and senate. Go, a former CEO of a real estate developer, has played a pivotal role in trade tariff negotiations with the United States. This marks the second cabinet overhaul this year, following a similar reshuffle in May after disappointing midterm election results for administration-backed candidates. The latest changes also follow the resignations of Executive Secretary Lucas Bersamin and Budget Secretary Amenah Pangandaman, with Budget Undersecretary Rolando Toledo stepping in as officer-in-charge. Neither Bersamin nor Pangandaman have been implicated in the anti-graft body’s investigation.