Why DTI's Panlilio resigned
MANILA, Philippines - Time's up for Cristino Panlilio.
His resignation from his post as Trade Undersecretary effective January 16 is already beyond his self-imposed government service limit of only two years.
He took over as managing head of the Board of Investments (BOI), the Department of Trade and Industry (DTI) unit responsible for the promotion of investments in the country, when President Aquino assumed office in June 2010.
Panlilio was reassigned as head of the DTI international trade and investments promotions group in early 2012, swapping his influential position with Adrian Cristobal Jr.
Panlilio made the official announcement of his resignation at the flag-raising ceremony in December 2012 where he said he would go back to private life.
But Trade employes had said Panlilio had indicated interest to stay on, in a less active manner, as governor of the BOI board representing the private sector. He is known in the private sector for his excellence in marketing management, having previously worked with various utility companies (like San Fernando Electric Light & Power Co.), food companies (including Universal Food Corp, maker of UFC Catsup, where he was president), and private banks (including the former Far East Bank and Maybank Philippines).
Panlilio was said to have been “confused” over the overlapping positions he is holding, and disappointed over the move to transfer him to the promotions group.
Panlilio's resignation comes amid rumors that Trade Secretary Gregory Domingo was going to resign as well. - Rappler.com