Finance Undersecretary Cielo Magno resigns from post on Thursday, September 7. | PHOTO: University of the Philippines School of Economics website Finance Undersecretary Maria Cielo Magno, one of the Marcos administration's champions for economic policy reforms, has been forced to vacate her post effective Sept. 16 and is returning to her teaching job at the University of the Philippines School of Economics (UPSE). This happened after Magno, a Marcos appointee, apparently expressed frustration that a key national policy— the price cap on rice —went against basic economic concepts.

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