Recto: PH labor market in March shows continued strength and resilience

Finance Secretary Ralph G. Recto emphasized the continued strength and resilience of the Philippine labor market, with key indicators reflecting sustained stability. In March 2025, the country’s employment rate held…

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Recto: PH inflation falls to pre-pandemic low of 1.4%, gov’t to ensure continued inflation slowdown is felt by Filipino households

Finance Secretary Ralph G. Recto underscored that the drop in the country’s inflation rate to 1.4% in April 2025—the lowest since November 2019—reinforces the government’s determination to ensure that this…

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PH backs World Bank’s job creation agenda for developing economies, highlights govt’s role in setting the stage for the market to flourish

The Philippines, through the Department of Finance (DOF), has backed the World Bank’s (WB) new job creation agenda towards generating employment and advancing the quality of jobs in emerging markets…

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Recto: Fitch’s affirmation of the PH’s credit rating at ‘BBB’ with ‘Stable’ outlook reflects strong medium-term growth amidst rising external challenges

Finance Secretary Ralph G. Recto has welcomed Fitch Ratings’ recent affirmation of the Philippines’ ‘BBB’ credit rating with ‘Stable’ outlook, which reflects the country’s strong medium-term growth amidst rising external…

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DOF: No new taxes, fiscal position remains robust

The Department of Finance (DOF) categorically refuted reports alleging the imposition of new taxes and stressed that there is no need for additional revenue measures at this time, given the…

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PH calls for increased support from international financial institutions for developing economies amid rising global challenges

The Philippines, through the Department of Finance (DOF), has called on international financial institutions (IFIs) to scale up their support for the emerging markets and developing economies (EMDEs) amid the…

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