The Philippines may attain a single-digit poverty rate sooner than the target set by the Marcos administration, the Department of Finance (DOF) said. In a statement, Finance Secretary Ralph G. Recto said the country might reach a poverty rate of 9.3 percent by 2026, two years earlier than the...
Reinforcing the stream of ‘clean energy finance’ for emerging economies is seen as the major stimulus on concretizing the major commitments in last year’s climate change summit and must also top the agenda in this year’s COP29 in Baku, Azerbaijan. Dr Fatih Birol, executive director of the...
Removing the restrictive economic provisions in the Constitution would help alleviate inflation and enhance real wages for Filipino workers, according to a former finance chief. As concerns about workers' compensation and job availability top the list of priorities for Filipinos, former Finance...
Finance Secretary Ralph G. Recto has commended the Prime Infrastructure Capital Inc. for investing in two big-ticket storage power projects in Luzon. Recto said these investments will help ensure a stable electricity supply for the people and contribute to the country's goal of transitioning to a...
The Department of Finance (DOF) and the Securities and Exchange Commission (SEC) are discussing a plan to come out with clear guidelines governing the registration and trading of cryptocurrencies in the Philippines. In an interview after the induction of the officers of the Economic Journalists...
The Philippines and the Japan International Cooperation Agency (JICA) have inked loan agreements for two big-ticket infrastructure projects aimed at fostering inclusive growth in the country. Finance Secretary Ralph G. Recto and JICA Chief Representative Takema Sakamoto recently finalized the loan...
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...
