<p>PRESIDENT Ferdinand Marcos Jr. has appointed new Department of Finance (DoF) officials following a top-level revamp earlier this year.</p><p>Finance Secretary Ralph Recto, who took over in January from Benjamin Diokno, thanked the President "for appointing a new group of distinguished professionals in the DoF with whom I have worked in the past."</p><p>"They are valuable additions to the existing team in the DoF, which is comprised of equally talented individuals and who have been important pillars for the agency," he said in a statement on Monday.</p><div class="article-body-ad" data-ad="article_body_ad_one"></div><figure class="image"><div style="padding: 10px 0px;max-width: 1200px;margin: auto"><a data-fancybox="gallery" href="https://www.manilatimes.net/manilatimes/uploads/images/2024/03/11/314485.jpg" data-caption="Rolando Tungpalan"><div class="img-no-ratio"><picture><source srcset="https://cdn4.premiumread.com/?url=https://www.manilatimes.net/manilatimes/uploads/images/2024/03/11/314485.jpg&amp;w=700&amp;q=100&amp;f=webp&amp;t=1.2" data-srcset="https://cdn4.premiumread.com/?url=https://www.manilatimes.net/manilatimes/uploads/images/2024/03/11/314485.jpg&amp;w=700&amp;q=100&amp;f=webp&amp;t=1.2" data-alt-srcset="https://cdn4.premiumread.com/?url=https://www.manilatimes.net/manilatimes/uploads/images/2024/03/11/314485.jpg&amp;w=700&amp;q=100&amp;f=webp&amp;t=1.2" data-default-srcset="https://cdn4.premiumread.com/?url=https://www.manilatimes.net/theme_manilatimes/images/no-image.jpg&amp;w=852&amp;q=100&amp;f=webp&amp;t=1.2" type="image/webp"><img class="lazy" src="https://www.manilatimes.net/manilatimes/uploads/images/2024/03/11/314485.jpg" alt="Rolando Tungpalan" data-alt-srcset="https://www.manilatimes.net/manilatimes/uploads/images/2024/03/11/314485.jpg" data-default-srcset="https://cdn4.premiumread.com/?url=https://www.manilatimes.net/theme_manilatimes/images/no-image.jpg&amp;w=852&amp;q=100&amp;f=webp&amp;t=1.2" width="100%" height="100%" onerror="this.src='https://cdn4.premiumread.com/?url=https://www.manilatimes.net/theme_manilatimes/images/no-image.jpg&amp;w=852&amp;q=100&amp;f=webp&amp;t=1.2';this.removeAttribute('onerror')"></picture></div></a><div class="article-image-caption roboto-a">Rolando Tungpalan</div></div><figcaption>Rolando Tungpalan</figcaption></figure><p>Rolando Tungpalan was named undersecretary of the Corporate Affairs and Strategic Infrastructure implementation of the Build Better More infrastructure program.</p><p>The Finance department said that Tungpalan, who previously served as undersecretary at the National Economic and Development Authority, would focus on ensuring a prompt government response to investment issues.</p><div data-widget-id="rel_400-2"></div><div class="widget-container article-embedded-newsletter-form flex-row pos-relative"><div class="content-row flex-column"><div class="close-btn"></div><div class="content-top"><div class="nf-title text-center mr-b10">Get the latest news<br class="br-line">delivered to your inbox</div><div class="nf-sub-title mr-b20 text-center roboto-b">Sign up for The Manila Times newsletters</div><div class="form-row flex-flow flex-between"><div class="col-1"><input class="nf-email roboto-b newsletter_email" type="email" placeholder="Enter Your Email" required=""><div class="nf-message"></div></div><div class="col-2"><input class="nf-submit roboto-b newsletter-button" type="button" value="SIGN UP"></div></div></div><div class="content-bottom"><div class="text-center roboto-b  black-color">By signing up with an email address, I acknowledge that I have read and agree to the <a href="/terms-of-service" title="Terms of Service">Terms of Service</a> and <a href="/privacy-policy" title="Privacy Policy">Privacy Policy</a>.</div></div></div></div><p>Joven Balbosa, meanwhile, was appointed as undersecretary for the International Finance Group (IFG), where he will lead efforts to secure foreign development financing and develop resource mobilization policies.</p><p>He will also serve as the DoF's main representative with regard to international agreements related to trade, investment, and tax treaties.</p><p>Balbosa previously worked as an advisor at the Southeast Asian Department of the Asian Development Bank and as an economist at the World Bank.</p><p>Gerald Alan Quebral, who was executive director of a congressional oversight committee on tax reforms, will be the new assistant secretary for the Revenue Operations Group.</p><div class="fixed-gray-color"><div class="article-body-ad" id="article-body-ad-four-dm" data-ad="article_body_ad_four"></div></div><p>He will oversee the operations of the Bureau of Internal Revenue, given his main responsibility of ensuring that the government achieves its annual revenue collection targets.</p><p>Bureau of the Treasury Officer in Charge Sharon Almanza, meanwhile, has been named national treasurer.</p><p>As deputy treasurer, she was previously seconded to the World Bank Group and also previously held roles in the DoF.</p><p>Rounding out the appointments, Donalyn Minimo was named director 4 of the International Finance Group and Cherry Mae Gonzales as director 4 of the Information Management Service (IMS).</p><div data-widget-id="rel_400-4"></div><p>They will join Alu Dorotan Tiuseco, chief of staff and undersecretary for IMS, political and legislative liaison, and climate finance policy; Catherine Fong, undersecretary for the Privatization and Partnerships Group; Bayani Agabin, undersecretary for legal services and the Local Finance Group; and Maria Edita Tan, undersecretary for special concerns.</p>

PRESIDENT Ferdinand Marcos Jr. has appointed new Department of Finance (DoF) officials following a top-level revamp earlier this year.

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