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.
Finance Secretary Ralph G. Recto today urged the Congress to partner with the Department of Finance (DOF) in swiftly passing crucial reforms needed to reduce the Philippines’ deficit and debt levels during the 2024 Philippine Economic Outlook Briefing and Luncheon at the Admiral Hotel, Manila.
Finance Secretary Ralph G. Recto has called for the study of carbon pricing instruments and underscored the need to identify an optimal mix thereof, which will help the Philippines move towards a greener future.
Former Finance Secretary and now Bangko Sentral ng Pilipinas (BSP) Monetary Board Member (MBM) Benjamin E. Diokno officially turned over the Department of Finance (DOF) leadership to newly appointed Finance Secretary Ralph G. Recto in a ceremony on January 15, 2024 at the DOF Office in Manila.
Outgoing Finance Secretary Benjamin E. Diokno will turnover the Department of Finance (DOF) on solid footing to the incoming finance chief.
The Maharlika Investment Corporation (MIC), which shall govern the Maharlika Investment Fund (MIF), held its first board meeting on January 3, 2024 to discuss the Fund’s capitalization and potential projects to tap, among other matters.
Finance Secretary Benjamin E. Diokno said that the swift enactment of the PHP 5.768 trillion GAA for 2024 is a testament to the strong collaboration and firm resolve of the Marcos, Jr. administration and members of both Houses of Congress to accelerate economic growth in the country.
The Marcos, Jr. administration is set to construct the Bataan-Cavite Interlink Bridge (BCIB)––one of the world’s longest marine bridges, after signing a loan agreement with the Asian Development Bank (ADB) for the first tranche of financing for the project on December 15, 2023.
