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…
The national government (NG) continues to manage the large debt it has inherited from the previous administration by growing the economy faster, thus bringing borrowings down to a sustainable level…
The Department of Finance (DOF) has signed a Joint Memorandum Circular (JMC) that streamlines investment procedures, strengthens inter-agency coordination, and accelerates the entry of strategic investments into the Philippines. The…
Finance Secretary Ralph G. Recto expressed full support for President Ferdinand R. Marcos, Jr.’s decision to put on hold the EDSA rehabilitation project, calling it a clear sign of responsive…
Finance Secretary Ralph G. Recto has successfully secured concessional funding from France, through the Agence Française De Développement (AFD), to help advance the Philippines' climate actions. The agreement is consistent…
Finance Secretary Ralph G. Recto is on top of ensuring the sound fiscal health of government financial institutions (GFIs) as he regularly convenes the Asset Liability Management Committee (ALCO) to…
Finance Secretary Ralph G. Recto lauded the newly approved World Bank Group (WBG) Country Partnership Framework (CPF) for the Philippines (2026–2031) as the most aligned yet with President Ferdinand R.…
