President Ferdinand Marcos Jr. issued an executive order that creates an office for his administration’s economic program implementation while making sure that the country turns into a top investment destination.

In a statement on Monday, the Presidential Communications Office (PCO) said the President already signed Executive Order No. 49, which creates the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) under the Office of the President.

In the signed order, Marcos’s directives stated that there is a need to bolster the existing mechanisms for formulation, coordination, and implementation of the government’s economic initiatives, plans, policies, and programs.

It added the establishment of a strong monitoring system to ensure a holistic and cohesive approach to addressing the diverse economic challenges that are confronting the nation.

To lead the OAPIEA, Presidential Adviser on Investment and Economic Affairs Frederick Go will be taking over, providing Marcos with timely and relevant advice on economic matters and possible areas of investment.