The much-awaited enactment of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act in 2024 is one of the Marcos, Jr.…
Ralph G. Recto Secretary of Finance December 18, 2024 Malacañan Palace His Excellency Lee Sang-hwa, Ambassador of the Republic of Korea to the Philippines; Executive Secretary Lucas Bersamin; Transportation Secretary…
Finance Secretary Ralph G. Recto highlighted that the recent signing of crucial agreements to jumpstart the fruition of five Public-Private Partnership (PPP) transportation projects is a monumental gift to Filipinos…
The Marcos, Jr. administration worked double time to protect the purchasing power of the Filipino people from high food prices, keeping inflation firmly within the government’s target range in 2024.…
The Marcos Jr. administration has made 2024 a banner year for economic achievements and has once again successfully positioned the Philippines as among the fastest-growing economies in Asia despite global…
Finance Secretary Ralph G. Recto championed the central role of sound corporate governance anchored in sustainability in fostering inclusive growth across Asian economies during the Organization for Economic Cooperation and…
Ralph G. Recto Secretary of Finance To be delivered by Usec Alu December 11, 2024 Esteemed colleagues from the Organization for Economic Cooperation and Development; representatives from across the region;…
The Philippines and the Lao People’s Democratic Republic (PDR) successfully conducted the first round of negotiations for its Double Taxation Agreement (DTA) on December 4-6, 2024 in Luang Prabang, Lao…
Finance Secretary Ralph G. Recto is optimistic about the Philippines' economic prospects in 2025, fueled by the recent enactment of two key laws aimed at boosting the tourism industry and…
Finance Secretary Ralph G. Recto highlighted the sustained strength of the country’s labor market as the unemployment rate fell to 3.9% in October 2024, bringing the year-to-date average to 4.0%—well…
