President Ferdinand "Bongbong' Marcos Jr. has signed an executive order which reorganizes the Public-Private Partnership Governing Board (PPPGB) in a bid to further boost private sector participation in PPP-related matters.

EO No. 30 or "Strengthening Private Sector Participation in the Public-Private Partnership Governing Board Established Under Executive Order No. 136 (S. 2013), and Further Amending EO No. 8 (S. 2010), as Amended, For the Purpose” dated June 1 was released on Saturday.

The newly-signed order amends the provision under EO 08 which was issued in 2010.

“There is a need to further amend EO No. 8, in view of the reorganization of the National Competitive Council (NCC),” EO No. 30 reads.

Based on the new issuance, the PPGB shall be chaired by Socio-Economic Planning Secretary and the Vice-chairperson will be the Secretary of Finance

Meanwhile, the following officials shall serve as the members of the board:

• Secretary of Budget and Management

• Secretary of Justice

• Secretary of Trade and Industry

• Executive Secretary

• One representative from the private sector, coming from a reputable organization in the banking, business, or infrastructure sector, to be appointed by the President

"The chairperson and three other members of the board shall constitute a quorum and a majority vote of the members shall be necessary for the adoption of any issuance, order, resolution, decision, or other act of the Board in the exercise of its function,” the order reads.

The President also stated that the PPP center shall serve as the secretariat of PPGB.