Finance Secretary Ralph G. Recto said the government’s non-tax revenues are projected to increase by twofold this year due to remittances from government-owned and controlled corporations (GOCCs). Speaking at the post-SONA discussion, Recto remained firm that the government is on track to hit...
The Department of Finance (DOF) said that the remittance of P89.9 billion in unused funds from the Philippine Health Insurance Corp. (PhilHealth) is projected to boost economic growth by 0.8 percentage points. Finance Secretary Ralph G. Recto said at the Post-State of the Nation Address...
President Marcos’ chief economic manager stated that achieving single-digit poverty incidence among Filipinos may happen sooner than expected. Finance Secretary Ralph G. Recto said last year's poverty rate, which better the target, was "very encouraging," given that it is also lower than...
Finance Secretary Ralph G. Recto has expressed support for the Department of Trade and Industry’s (DTI) directive to suspend the online selling of vape products temporarily. “I support the DTI directive. Their job is to regulate the sale of vape products and to ensure minors do not have access...
Senator Christopher “Bong” Go on Friday, July 19 vowed to look into the legality of the purported transfer of around P90-billion worth of funds representing unused government subsidy for Philippine Health Insurance Corp. (PhilHealth) back to the National Treasury. Go, chairman of the...
The Maharlika Investment Corporation, the management that runs the state’s wealth fund, said it has finalized its governance structure, as well as its principles and framework in deciding investments. During a meeting presided over by Finance Secretary and MIC Chairperson Ralph G....
Two senators on Wednesday, July 17 expressed concerns on the transfer and utilization of the reserve funds from Philippine Health Insurance Corporation (PhilHealth) to the unprogrammed fund of the national government supposedly to help fund other state services. “Although we understand...
By XANDER DAVE CEBALLOS A college diploma is not just a piece of paper - it could potentially add up to seven years to your life expectancy. Finance Secretary Ralph G. Recto has said that higher education enhances longevity and overall well-being in addition to its financial rewards. During a...
Ako-Biicol Party-list Rep. Zaldy Co (Facebook) By ELLSON QUISMORIO The House Committee on Appropriations chairman has backed a move by the Department of Finance (DOF) to tap billions worth of unused funds from government-owned and controlled...
The Department of Finance (DOF) has announced its plan to mobilize billions of pesos of dormant funds held by state-owned corporations to bolster government efforts in health, social services, and infrastructure development. In a statement on Monday, July 15, the DOF said that tapping into these...
Department of Finance Secretary Ralph G. Recto called on the government’s two main tax agencies to expedite their digitalization efforts to reach the P4.27 trillion target for this year. During a meeting on Wednesday, July 11, Recto discussed with the Bureau of Internal Revenue (BIR) and the...
State-owned Philippine Guarantee Corporation (PhilGuarantee) extended loan guarantees totaling P236.98 billion to support small businesses last year, the Department of Finance (DOF) said. In a statement, Finance Secretary Ralph G. Recto, who also serves as the chairperson of PhilGuarantee,...
