Ralph G. Recto Secretary of Finance Mr. Hans T. Sy, Chairman of China Banking Corporation; Mr. Romeo D. Uyan, Jr., Chinabank President and CEO; Board of Directors; partners from the…
President Ferdinand R. Marcos, Jr., together with Finance Secretary Ralph G. Recto, led the condemnation of PHP 3.26 billion-worth of electronic vapes, vape parts, and accessories seized and forfeited by…
Finance Secretary Ralph G. Recto welcomed the sharp drop in headline inflation to 1.8% in March 2025—the lowest level recorded since the pandemic—while reaffirming the government’s commitment to remaining vigilant…
Finance Secretary Ralph G. Recto has underscored that the Philippine economy remains relatively resilient amid global trade shifts, with the government leveraging the Corporate Recovery and Tax Incentives for Enterprises…
Finance Secretary Ralph G. Recto defended the national government’s move to implement Congress’ mandate to redirect the Philippine Health Insurance Corporation’s (PhilHealth) excess and idle funds to critical health and…
Secretary Ralph G. Recto Secretary of Finance April 2025 Honorable Chief Justice and Associate Justices of the Supreme Court, good afternoon. Thank you for granting us the opportunity to present…
Finance Secretary Ralph G. Recto defended the national government’s move to implement Congress’ mandate to redirect the government-owned and controlled corporations’ (GOCC) excess and idle funds to critical health and…
Ralph G. Recto Secretary of Finance March 24, 2025 Secretary Frederick Go; Secretary Cristina Roque; Secretary Christina Frasco; and fellow government workers: Good afternoon. First, I would like to thank…
The Philippines is now value-added tax (VAT) -free for foreign tourists with the recent signing of the implementing rules and regulations (IRR) for Republic Act No. 12079, or the VAT…
Finance Secretary Ralph G. Recto secured financing from Japan for big-ticket infrastructure projects as well as program budget support for health and climate change initiatives during a high-level meeting between…
Chinabank Economic Briefing