Finance Secretary Ralph G. Recto has announced that the Department of Finance (DOF) is ready to tap USD 500 million of standby credit line extended to the Philippines to support…
The Green Climate Fund (GCF) Board has approved USD 1 billion-worth of climate adaptation and mitigation projects, including a project that will empower Philippine green entrepreneurs to promote climate-resilient development…
Finance Secretary Ralph G. Recto has lauded President Ferdinand R. Marcos, Jr.’s decision to ban the operations of the Philippine Offshore Gaming Operators (POGOs) in the country effective July 22,…
Finance Secretary Ralph G. Recto has underscored that the Philippines’ lower and better-than-expected poverty incidence in 2023 is very encouraging and has committed to ramp up government’s initiatives in sustaining…
The Maharlika Investment Corporation (MIC) has finalized its investment and risk management framework as well as secured its associate membership in the International Forum of Sovereign Wealth Funds (IFSWF), giving…
Finance Secretary Ralph G. Recto has welcomed the implementation of an interagency data-sharing system that will facilitate a more efficient and modernized tax administration process, helping the government boost much-needed…
Finance Secretary Ralph G. Recto underscored that the Department of Finance (DOF) is maximizing every peso collected in its revenue efforts to prioritize funding for education along with social protection,…
Billions in unused and idle funds of government corporations are being marshalled for projects in health, social services, and infrastructure that serve the public, finance growth, and cut poverty. Unlocking…
The Department of Finance (DOF) has underscored that it is funding the legacy projects under the President’s Build Better More program through innovative and sustainable financing strategies that serve the…
Finance Secretary and Philippine Guarantee Corporation (PHILGUARANTEE) Chairperson Ralph G. Recto has commended the state firm for achieving double-digit growths in credit guarantee support and number of beneficiaries, underscoring its…
