Finance Secretary Ralph G. Recto said that inflation is expected to remain within the target band of two percent to four percent this year following its contraction in June. Recto said that implementing whole-of-government interventions, such as cash grants and tariff rate cuts, will ensure that...
The Department of Finance (DOF) said that Sumitomo Mitsui Banking Corp. (SMBC) may collaborate with the Marcos administration on its borrowing activities. In a recent Facebook post, the DOF disclosed that Finance Secretary Ralph G. Recto met with SMBC and SMBC Nikko senior executives to explore...
The Department of Finance (DOF) said that the Philippines possesses all the elements of a tiger economy, making the country the most strategic safe haven for investors. Finance Secretary Ralph G. Recto said the Philippines is booming, asserting itself as an economic superstar in Southeast Asia with...
President Marcos' chief economic manager is confident that the rate of increase in consumer prices would fall within the government's target range this year. During the Philippine Economic Briefing in Tokyo on Friday, June 21, Finance Secretary Ralph G. Recto said that inflation may stabilize at...
The Marcos administration’s economic team encouraged major Japanese companies to strengthen their technology expertise in the country to spur industry development and economic growth. On the sidelines of the Philippine Economic Briefing in Japan, the economic team engaged with top executives of...
The Department of Finance (DOF) said the Real Property Valuation and Assessment Reform Act (RPVARA) will enable local government units (LGUs) to achieve financial independence. In a statement, Finance Secretary Ralph G. Recto said the RPVARA, also known as Republic Act No. 12001, will overhaul the...
The Department of Finance is gearing up to implement the Administrative Order (AO) 23 which aims to utilize a fully digitalized border protection system to speed up the inspection of imports in the country. “Grounded by AO No. 23, series of 2024, we take the first steps today towards achieving a...
The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
The Department of Finance (DOF) said the newly launched pension scheme by the Social Security System (SSS) is a vital step towards financial empowerment for Filipino workers. In a statement, Finance Secretary Ralph G. Recto said the MySSS Pension Booster program is closely aligned with the...
The government has approved the financing of ¥64.38 billion or P24.57 billion for the design, construction, and delivery of five units of 97-meter multi-role response vessels from Japan. Department of Finance (DOF) Secretary Ralph G. Recto and Japan International Cooperation Agency (JICA) Chief...
Finance Secretary Ralph G. Recto said the recent affirmation of the Philippines’ investment-grade credit rating by Fitch Ratings would attract more foreign investments into the country. In a statement on Monday, June 10, Recto said he welcomed Fitch’s decision to maintain the country’s...
The Philippines and France have inked a financial and development cooperation agreement aimed at tackling poverty and fostering inclusive growth for Filipinos, the Department of Finance (DOF) announced. On June 7, Finance Secretary Ralph G. Recto and Ambassador Extraordinary and Plenipotentiary of...
