The Department of Finance (DOF) announced that the Clark Development Corp. (CDC) significantly increased its cash dividends to the government coffers for last year. On Monday, March 25, Finance Secretary Ralph G. Recto received a P1.8 billion check from CDC, reflecting the firm's dividend...
In a bid to combat climate change and promote sustainable practices, the Department of Finance (DOF) wants to impose a P100 tax on every kilogram of single-use plastic bags (SUPs). Finance Undersecretary Karlo Fermin S. Adriano unveiled the details of the DOF proposal in a statement released...
The Department of Finance (DOF) said the Public-Private Partnership (PPP) Code is poised to usher in a steady stream of strategic and high-quality investments that will bring benefits to all Filipinos. Finance Secretary Ralph G. Recto said the timely release of the PPP Code's implementing...
AyalaLand Hotels and Resorts Corp (AHRC) has signed an agreement with the International Finance Corporation (IFC) signifying its commitment to achieve EDGE Zero Carbon certification for 2,826 rooms in its hotel portfolio by 2026, a first for a hotel group in the Philippines. EDGE Zero Carbon...
Politician-turned-finance chief, Ralph G. Recto, has expressed his readiness to make tough decisions, even if they may not be popular with many. Speaking before members of the Economic Journalists Association of the Philippines (EJAP) on Thursday night, March 21, Recto asserted that he has set his...
Finance Secretary Ralph G. Recto has set his sights on the 2028 elections after confirming that he will not be a candidate in the upcoming 2025 polls. READ: Recto denies 2025 election bid speculations On the sidelines of the Economic Journalists Association of the Philippines (EJAP) induction of...
The Department of Finance (DOF) is now supporting the creation of the Bulacan Special Economic Zone and Freeport (BuZ) next to the new airport being built by San Miguel Corp. (SMC). Finance Secretary Ralph G. Recto told Manila Bulletin that he sees no drawbacks in Senate Bill No. 2572, aiming to...
Finance Secretary Ralph G. Recto has now officially settled into his role as a member of President Marcos' economic team, following his confirmation by the powerful Commission on Appointments (CA). During the 42-minute CA hearing last March 13, Recto received mostly praises and well-wishes from the...
In the urban landscape of Metro Manila, where available land is increasingly scarce, the Department of Finance is suggesting the development of new modern business districts on two large state-owned lands that could replicate the success of Bonifacio Global City (BGC). Finance Secretary Ralph G....
Amid swirling rumors, Finance Secretary Ralph G. Recto announced that he has no plans to seek re-election to the Senate next year, and nothing can sway this decision. After the Commission on Appointments unanimously approved his ad interim appointment as the Department of Finance (DOF) chief, Recto...
Finance Secretary Ralph G. Recto has expressed confidence that the Philippines is on track to become a global powerhouse by 2050, positioning itself to become a part of the prestigious G20 group of leading world economies. Recto told reporters on Wednesday, March 13, that the country's...
To address the government's growing debt, Finance Secretary Ralph G. Recto suggested the possibility of selling the land currently housing the Ninoy Aquino International Airport (NAIA) in Parañaque City. Recto estimated that leveraging the 600-hectare NAIA property, equivalent to six million...
