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...
The Commission on Appointments (CA) on Wednesday, March 13 unanimously approved the ad interim appointment of Department of Finance (DOF) secretary Ralph Recto. Former senator Ralph Recto swiftly breezes through the confirmation proceedings as Secretary of the Department of Finance...
The Samahang Industriya ng Agrikultura (SINAG), a leading agricultural group in the Philippines, said it is fully supporting the impending confirmation of Secretary Ralph Recto as head of the Department of Finance (DOF). SINAG vouched for Recto’s nomination ahead of the scheduled confirmation of...
Finance Secretary Ralph Recto officiated the swearing-in ceremony for the newly appointed officials of the Department of Finance on Monday, March 11. In the photo, from left to right, are Director Cherry Mae P. Gonzales, Undersecretary Joven Balbosa, Recto, Undersecretary Rolando G. Tungpalan,...
Veteran actress Vilma Santos-Recto took the spotlight in a Department of Finance (DOF) video that made waves on its social media platforms on Monday, March 11. Known as the "Star for All Seasons" and the wife of Finance Secretary Ralph G. Recto, Santos-Recto's appearance in the one-minute DOF video...
DOF Secretary Ralph Recto (Facebook) Surigao del Sur 2nd district Rep. Johnny Pimentel has predicted "smooth sailing" for Department of Finance (DOF) Secretary Ralph Recto's confirmation before the powerful Commission on Appointments (CA). ...
The Department of Finance (DOF) said the government is determined to drive pro-business reforms, enhance the regulatory framework, reduce the cost of doing business, and tackle existing constraints in the country. Finance Secretary Ralph G. Recto said these initiatives are integral part of their...
The Department of Finance (DOF) is open to consider the proposal to reevaluate the possibility of reactivating the mothballed Bataan Nuclear Power Plant (BNPP). In an effort to address the high electricity costs in the country, Finance Secretary Ralph G. Recto said the planned third-party...
Despite the rise in the unemployment rate, the Department of Finance (DOF) noted that the quality of employment in the country is improving, with an increasing number of Filipinos securing formal and stable jobs. Finance Secretary Ralph G. Recto said that the Philippines had a total of 45.9 million...
Senator Pia Cayetano has expressed her full support to the government’s plan to ban disposable vapes in the country . Sen. Pia Cayetano (Senate PRIB Photo) “Yes, I support the banning of disposable vapes. Number one, vapes are very dangerous,” Cayetano said in an interview...
Finance Secretary Ralph G. Recto emphasized that the recent affirmation of the Philippines' investment-grade credit rating by Japan Credit Rating Agency (JCR) will directly benefit ordinary Filipinos. Recto said the favorable credit rating will free up funds from interest payments for increased...
The Department of Finance (DOF) expects Congress would support the proposed measure seeking to simplify the mining tax system, ensure the government's fair share of revenues, and establish good governance in the industry. In a statement on Wednesday, March 6, Finance Secretary Ralph G. Recto said...
