191st DBCC Joint Statement
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June 26, 2025
Recto approves the donation of seized gasoline to strengthen PCG’s maritime operations
Finance Secretary Ralph G. Recto has approved the donation of 1,251.68 liters of seized gasoline to the Philippine Coast Guard (PCG) to support the country’s maritime safety and security operations.…
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June 26, 2025
Agreement to boost PH-HK customs trade and combat illicit goods in the works
Finance Secretary Ralph G. Recto has directed the completion of a customs cooperative arrangement between the Philippines and Hong Kong aimed at strengthening trade facilitation while protecting consumers from the…
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June 25, 2025
Recto empowers 1,000 farmers in Bukidnon through expanded financing support
Finance Secretary and LANDBANK Chairman Ralph G. Recto has extended financing assistance to 1,000 farmers in Bukidnon through the enhanced AGRISENSO Plus program, empowering them to boost productivity and livelihoods.…
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June 20, 2025
PH, HK strengthen ties via tax treaty negotiations that will usher in more investments
The Philippines and the Hong Kong Special Administrative Region (HKSAR) have successfully completed the first round of negotiations for a tax treaty that will pave the way for stronger economic…
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June 19, 2025
PH to implement a framework on crypto-assets to combat cross-border tax evasion and illicit financial flows
The Department of Finance (DOF) has expressed the Philippines’ commitment to implement a framework on crypto-assets in order to combat cross-border tax evasion and illicit financial flows. This is in…
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June 17, 2025
Recto lauds BCDA for remitting P5.17 billion to the National Treasury, spurring more economic opportunities for Filipinos
Finance Secretary Ralph G. Recto has lauded the Bases Conversion and Development Authority (BCDA) for remitting PHP 5.17 billion to the National Treasury and expanding more economic opportunities for Filipinos.…
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June 17, 2025
More medicines for cancer, diabetes, dialysis, hypertension, high cholesterol, and mental illnesses are now VAT-free
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,…
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June 13, 2025
Congress ratifies DOF-led bill creating a fair and equitable mining environment for all
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…
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June 13, 2025
Recto stresses govt’s cardinal duty to spend wisely and never recklessly amid budget season
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…
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June 11, 2025