The Philippines finished strong in 2023 with a full-year gross domestic product (GDP) growth rate of 5.6 percent, outpacing major economies in Asia, such as China (5.2 percent), Vietnam (5.0…
Finance Secretary Ralph G. Recto engaged in a bilateral meeting with United States Department of State Under Secretary for Economic Growth, Energy, and Environment Jose W. Fernandez to discuss areas…
Finance Secretary Ralph G. Recto has presided over the second board meeting of the Maharlika Investment Corporation (MIC) in his capacity as new Chairperson to discuss its strategic direction.
Alongside the enhancement of tax administration efficiency, Finance Secretary Ralph G. Recto is pushing for the passage of the refined priority tax measures of the Department of Finance (DOF) which…
Finance Secretary Ralph G. Recto has lauded the Insurance Commission (IC) for its 75 years of vigilant oversight of the Philippines’ insurance industry which has helped transform it into a…
Ralph G. Recto Secretary of Finance (Delivered by National Treasurer Sharon P. Almanza) January 24, 2024 Insurance Commissioner Reynaldo Regalado; Deputy Commissioners and officials of the Insurance Commission; fellow workers…
Finance Secretary Ralph G. Recto has commanded the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) to work together as a team in further strengthening tax and customs administration to hit the government’s total revenue collection target of PHP 4.3 trillion in 2024.
Finance Secretary Ralph G. Recto took his oath of office as government sector representative to the Monetary Board (MB), the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP), on January 22, 2024.
Finance Secretary Ralph G. Recto has assured United States officials of the Philippines’ strong commitment to roll out a welcoming ‘red carpet’ to potential investors in the country as directed by President Ferdinand R. Marcos, Jr.
Finance Secretary Ralph G. Recto convened a briefing session on the country’s strategic financing program for 2024 at the Bureau of the Treasury (BTr)’s office in the Ayuntamiento Building, Intramuros on January 17, 2024.
