President Ferdinand Marcos Jr. has abolished the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) in a move to streamline initiatives under the Office of the President (OP) and adopt a more cohesive approach to addressing economic challenges. This decision was made through Executive Order (EO) No. 108, issued in 2025. The order states that there is a need to further streamline the OP's initiatives on investment and economic affairs to establish a robust monitoring system and ensure a more holistic approach to the diverse economic challenges facing the nation. Under the new order, the powers, duties, and functions of OSAPIEA, except those already within the mandates of other agencies, will be integrated into the Office of the Executive Secretary (OES). OSAPIEA was created in 2023 through EO No. 31. Previously, the Special Assistant to the President for Investment and Economic Affairs (SAPIEA) served as chair of the Economic Development Committee (EDCom) and as a member of key committees of the Economic Development Council (EDC). However, EO 108 designates the Finance Secretary as the new EDCom chair, with the Secretary of the Department of Economy, Planning and Development (DEPDev) serving as vice chair. The SAPIEA also previously chaired 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 will now serve as chairperson of the SEIA Council.
