Finance Secretary Ralph G. Recto has ordered the Bureau of Internal Revenue (BIR) to swiftly implement the value-added tax (VAT) exemption on the expanded list of medicines for cancer, diabetes,…
The Congressional bicameral conference committee has recently ratified the Department of Finance’s (DOF) proposed rationalization of the country’s mining fiscal regime, which will create a fair and equitable mining environment…
Finance Secretary and Public Financial Management (PFM) Committee Principal Ralph G. Recto has welcomed the results of the latest expenditure and financial management assessment, stressing the government’s cardinal duty to…
The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) recently led a comprehensive walkthrough of the national government’s tax administration systems to support the Bangsamoro Autonomous Region…
Finance Secretary Ralph G. Recto has reinforced the Bureau of Customs’ (BOC) protocols on balikbayan boxes through a Joint Administrative Order (JAO) that aims to guarantee the safe and timely…
Finance Secretary and Land Bank of the Philippines (LANDBANK) Chair Ralph G. Recto has praised the state bank for declaring PHP 33.5 billion in dividends––its single highest dividend yield in…
The Fiscal Incentives Review Board (FIRB), which is chaired by Finance Secretary Ralph G. Recto, has recently granted PHP 20.9 billion worth of tax subsidy applications of government institutions to…
Finance Secretary Ralph G. Recto underscored the continued strength of the Philippine labor market, emphasizing that more high-quality jobs are awaiting Filipinos as the government deploys targeted, future-ready strategies to…
The Japan Credit Rating Agency, Ltd. (JCR) has recently affirmed its high ‘A-’ credit rating and stable outlook on the Philippines, recognizing the steady progress of President Ferdinand R. Marcos,…
Finance Secretary Ralph G. Recto has welcomed the continued drop in inflation to 1.3% in May 2025—the lowest since November 2019—noting it as a major relief for Filipino families, particularly…
