President Ferdinand R. Marcos, Jr. has appointed a new roster of high-caliber senior officials in the Department of Finance (DOF) who would support Finance Secretary Ralph G. Recto in ensuring long-term fiscal sustainability and accelerating inclusive economic growth.
Read MoreFinance Secretary Ralph G. Recto has underscored that the quality of jobs in the Philippines has continued to improve as more Filipinos are engaged in formal and stable work—representing the largest portion of the employed workforce in the country, according to the latest Labor Force Survey (LFS) results.
Read MoreFinance Secretary Ralph G. Recto has underscored that the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ investment-grade credit rating of “A-” with a stable outlook is a strong vote of confidence in President Ferdinand R. Marcos, Jr.’s sound economic policies and a big win for ordinary Filipinos as it translates to more accessible financing for the government’s development programs.
Read MoreThe Department of Finance (DOF) kickstarted its series of stakeholder briefings for its refined priority tax measures on February 29, 2024 to work with various groups to push for the measures’ immediate passage.
Read MoreFinance Secretary Ralph G. Recto has underscored that the latest inflation rate of 3.4% for February falls within the government’s target band of 2% to 4%, further noting that the government is proactively preparing to mitigate the effects of El Niño on inflation, which is forecasted to peak this month and persist until May.
Read MoreFinance Secretary Ralph G. Recto has invited Australian investors to be part of the Philippines’ ‘blockbuster’ growth story, emphasizing that the country has rolled out the red carpet and reserved the best seat for them during the Philippine Business Forum in Melbourne, Australia.
Read MoreThe Maharlika Investment Corporation (MIC) is set to apply for Associate Membership in the International Forum of Sovereign Wealth Funds (IFSWF) to strengthen transparency and good governance, after the proposal was approved during the fourth MIC board meeting presided by Finance Secretary and MIC Chairperson Ralph G. Recto on February 29, 2024.
Read MoreThe Philippines, which currently sits as chair of the Intergovernmental Group of Twenty-Four (G-24) Board of Governors, led the G-24 Technical Group Meetings (TGMs) through the leadership of the Department of Finance (DOF) from February 21-22, 2024 in Manila to tackle global challenges.
Read MoreBangko Sentral ng Pilipinas (BSP) Governor and Financial Stability Coordination Council (FSCC) Chairman Eli M. Remolona, Jr. (third from left) leads the launch of the 2023 Financial Stability Report (FSR) at the BSP head office in Manila on 13 February.
Read More