The Department of Finance (DOF) has indicated that the Marcos administration may need to adjust its economic growth targets due to the lower-than-expected expansion recorded last year. Finance Secretary Ralph G. Recto emphasized the need for the Development Budget Coordination Committee (DBCC) to...
Finance Secretary Ralph G. Recto has cited the Securities and Exchange Commission (SEC) for heeding the administration’s call for digitalization and urged public leaders to follow suit to improve the ease of doing business and ensure prompt delivery of services. In a speech delivered on his...
Filipinos looking to take out loans for major expenses can find some relief, as the Department of Finance (DOF) expects that interest rates are likely to remain steady or even decrease in the latter half of the year. On the sidelines of the Bureau of Internal Revenue’s National Tax Campaign...
Finance Secretary Ralph G. Recto is reminding Filipinos to fulfill their tax duties diligently, underscoring their crucial role in the country's development. At the Bureau of Internal Revenue’s (BIR) National Tax Campaign Kick-off event, Recto stressed the importance of both the tax agency and...
With rice prices soaring, the head of President Marcos' economic team said that their main focus is to lower inflation and protect the purchasing power of the Filipino people. Finance Secretary Ralph G. Recto said he was “encouraged by the further drop in the Philippines’ headline inflation to...
The announcement of Ralph G. Recto's appointment as the 43rd Finance Secretary of the Philippines came after months of speculation that had been swirling since September 2023. Interestingly, the confirmation, which coincided with Recto's 60th birthday, was revealed by his acclaimed actress wife...
The Department of Finance (DOF) said the government's lack of a unified approach to digital transformation has slowed down efforts to make business easier, streamline processes, speed up responses, and deliver public services promptly. In a statement on Saturday, Feb. 3, Finance Secretary Ralph G....
A major restructuring at the Department of Finance (DOF) could be in the offing as Malacañang is set to appoint three new undersecretaries and one assistant secretary to the agency. The DOF is expected to undergo significant changes with new Finance Secretary Ralph G. Recto inclined to...
The Department of Finance (DOF) stated that the government is committed to implementing measures to reduce inflation, thereby stimulating private spending to drive growth and increase government revenues. In a statement on Wednesday, Jan. 31, Finance Secretary Ralph G. Recto said the government...
Recto supports market reforms pushed by SEC By James A. Loyola Finance Secretary Ralph G. Recto has assured the Securities and Exchange Commission (SEC) of his support in pushing for business and capital market reforms with the aim of bolstering national efforts to promote inclusive and...
The Department of Finance (DOF) has committed to partnering with US investors to explore potential investments in critical minerals, semiconductors, and energy security in the Philippines. This commitment has been made following the meeting between Finance Secretary Ralph G. Recto and United States...
Finance Secretary Ralph G. Recto said that interest rates would go down in the second semester of the year. On the sidelines of the annual reception for the banking community late Friday, Jan. 26, Recto stated that he expects a decrease in the cost of borrowing, both domestically and offshore,...
