The Philippines, which currently sits as chair of the Intergovernmental Group of Twenty-Four (G-24) Board of Governors, led the G-24 Technical Group Meetings (TGMs) through the leadership of the Department of Finance (DOF) from February 21-22, 2024 in Manila to tackle global challenges.
Read MoreBangko Sentral ng Pilipinas (BSP) Governor and Financial Stability Coordination Council (FSCC) Chairman Eli M. Remolona, Jr. (third from left) leads the launch of the 2023 Financial Stability Report (FSR) at the BSP head office in Manila on 13 February.
Read MoreFinance Secretary Ralph G. Recto began his series of worksite visits on official development assistance (ODA)-funded infrastructure projects to ensure their efficient implementation, starting with the Metro Manila Subway on February 26, 2024.
Read MoreFinance Secretary Ralph G. Recto has urged the Philippine Stock Exchange (PSE) to work with the government in transforming the country’s capital market as a vehicle for ordinary Filipinos to become shareholders in the nation’s growth.
Read MoreFinance Secretary and Chair of the Intergovernmental Group of Twenty-Four (G-24) Board of Governors Ralph G. Recto has urged member states to reclaim their lost momentum and make a powerful comeback in the race to 2030 through heightened cooperation and scaled-up support from international financial institutions to weather global challenges.
Read MoreIn line with President Ferdinand R. Marcos, Jr.’s directive for the government to roll out a ‘red carpet’ for investors, the Fiscal Incentives Review Board (FIRB) has unanimously approved a resolution increasing the investment capital threshold for projects handled by Investment Promotion Agencies (IPAs) from PHP 1 billion to PHP 15 billion.
Read MoreFinance Secretary Ralph G. Recto has welcomed the Manila International Airport Authority (MIAA) Board’s recent approval to award a contract to a winning private sector consortium bidder for the rehabilitation of the Ninoy Aquino International Airport (NAIA)––the largest solicited Public-Private Partnership (PPP) project under President Ferdinand R. Marcos, Jr.
Read MoreFinance Secretary Ralph G. Recto has invited the private sector to invest in sustainable surface water sources to help address the Philippines’ decades-long water problem.
Read MoreThe Department of Finance (DOF) has presented its refined proposal on Package 4 of the Comprehensive Tax Reform Program (CTRP)—a measure recalibrated by Finance Secretary Ralph Recto during his first week in office—to the Senate Committee on Ways and Means on February 12, 2024.
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