Finance Secretary Ralph G. Recto warmly welcomed global leaders and decision makers who flew all the way to Manila to participate in the World Economic Forum (WEF) Country Roundtable on the Philippines and shared a glimpse of the country’s promising growth journey during a dinner reception on March 18, 2024.
Read MoreFinance Secretary Ralph G. Recto expressed confidence that the Ninoy Aquino International Airport (NAIA) is on its way to becoming one of the world’s best airports where all passengers will receive full VIP treatment following the signing of the NAIA public-private partnership (PPP) Concession Agreement on March 18, 2024.
Read MoreThe Department of Finance (DOF) engaged finance sector stakeholders in a briefing on March 1, 2024 on the proposed Package 4 of the Comprehensive Tax Reform Program (CTRP) that will simplify the tax structure on passive income and certain instruments and other financial products.
Read MoreFinance Secretary Ralph G. Recto received a smooth-sailing confirmation from the Commission on Appointments (CA) on March 13, 2024 and has committed to pursuing growth-enhancing fiscal consolidation through plugging tax leaks, improving tax administration, preventing wasteful expenditures, exercising prudent debt management, and boosting investments.
Read MoreSwedish investors have expressed their strong interest in investing in the Philippines in light of its robust macroeconomic fundamentals, improved business climate, and highly skilled workforce during a meeting with Finance Secretary Ralph G. Recto on March 8, 2024.
Read MorePresident Ferdinand R. Marcos, Jr. has appointed a new roster of high-caliber senior officials in the Department of Finance (DOF) who would support Finance Secretary Ralph G. Recto in ensuring long-term fiscal sustainability and accelerating inclusive economic growth.
Read MoreFinance Secretary Ralph G. Recto has underscored that the quality of jobs in the Philippines has continued to improve as more Filipinos are engaged in formal and stable work—representing the largest portion of the employed workforce in the country, according to the latest Labor Force Survey (LFS) results.
Read MoreFinance Secretary Ralph G. Recto has underscored that the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ investment-grade credit rating of “A-” with a stable outlook is a strong vote of confidence in President Ferdinand R. Marcos, Jr.’s sound economic policies and a big win for ordinary Filipinos as it translates to more accessible financing for the government’s development programs.
Read MoreThe Department of Finance (DOF) kickstarted its series of stakeholder briefings for its refined priority tax measures on February 29, 2024 to work with various groups to push for the measures’ immediate passage.
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