Finance Secretary Ralph G. Recto has expressed confidence that the Philippines is on track to become a global powerhouse by 2050, positioning itself to become a part of the prestigious G20 group of leading world economies. Recto told reporters on Wednesday, March 13, that the country's...
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...
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...
TORONTO – The Nuclear Energy Program Inter-Agency Committee (NEPIAC) led by the Department of Energy (DOE) is seeking the concurrence of the Department of Finance (DOF) to a proposed deal with the South Korean government on a new feasibility study that must be undertaken to re-assess technical...
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...
