Finance Secretary Ralph G. Recto welcomed the sharp drop in headline inflation to 1.8% in March 2025—the lowest level recorded since the pandemic—while reaffirming the government’s commitment to remaining vigilant…
Finance Secretary Ralph G. Recto has underscored that the Philippine economy remains relatively resilient amid global trade shifts, with the government leveraging the Corporate Recovery and Tax Incentives for Enterprises…
Finance Secretary Ralph G. Recto defended the national government’s move to implement Congress’ mandate to redirect the Philippine Health Insurance Corporation’s (PhilHealth) excess and idle funds to critical health and…
Finance Secretary Ralph G. Recto defended the national government’s move to implement Congress’ mandate to redirect the government-owned and controlled corporations’ (GOCC) excess and idle funds to critical health and…
The Philippines is now value-added tax (VAT) -free for foreign tourists with the recent signing of the implementing rules and regulations (IRR) for Republic Act No. 12079, or the VAT…
Finance Secretary Ralph G. Recto secured financing from Japan for big-ticket infrastructure projects as well as program budget support for health and climate change initiatives during a high-level meeting between…
The Department of Finance (DOF) has been on top of ensuring that the Philippines is equipped with the right policy tools for Environmental, Social, and Governance (ESG) compliance to take…
Finance Secretary Ralph G. Recto has called on the Insurance Commission (IC) to go beyond its regulatory role and embrace a higher mission—as the relentless guardian of the Filipino dream.…
Finance Secretary Ralph G. Recto has made a strong pitch for the country, telling global investors that now is the time, the Philippines is the place, and Filipinos are the…
Finance Secretary Ralph G. Recto underscored that the newly issued guidelines of the Privatization Council (PrC) that aim to expedite the disposition of non-performing public assets will allow the national…
