Malacañang said it respects the Supreme Court 's decision to return the P60-billion excess funds to the Philippine Health Insurance Corporation’s (PhilHealth). "We respect the decision of the Supreme Court. The Office of the Solicitor General will review the ruling and decide on the...
While Malacañang was happy over the easing of inflation rate in the country, it recognized that political noise can indeed affect the economy. The country’s inflation rate slowed to 1.5 percent in November, easing from 1.7 percent in October and 2.5 percent in the same month last year, largely...
Progressive groups marching against corruption were halted in Recto Avenue, Manila, on Bonifacio Day, Nov. 30, preventing them from reaching Mendiola, which was supposed to be the final stop of their protest from Luneta. Groups such as BAYAN, which had marched from Luneta, were unable to proceed to...
Executive Secretary Ralph G. Recto is set to recommend his successor as the government’s representative on the powerful seven-member Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP), naming newly appointed Finance Secretary Frederick D. Go for the influential post. Recto, who...
Japanese Ambassador to the Philippines Endo Kazuya congratulated Executive Secretary Ralph Gonzalez Recto on his new post and reaffirmed his country’s commitment to deepen strategic cooperation with the Philippines, saying his appointment reflects “the deep confidence placed in [his]...
President Marcos administered the oath of office of new Executive Secretary Ralph Recto and new Department of Finance (DOF) Secretary Frederick Go, formalizing key changes in his economic and administrative team. The two officials took their oaths at the Study Room in Malacañan on Wednesday, Nov....
Newly-appointed Executive Secretary Ralph Recto said he would focus on governance and will deliberately stay out of the limelight. "For me to be effective, I will be deliberately staying out of the limelight. I will not be chasing headlines, but deadlines," Recto said in a statement on Monday, Nov....
Malacañang has bared that Executive Secretary Lucas Bersamin and Budget and Management Secretary Amenah Pangandaman have resigned from their respective posts "out of delicadeza" after their offices were linked to the flood control anomalies. President Marcos has appointed Finance Secretary Ralph...
Executive Secretary Lucas Bersamin on Monday, Nov. 17, neither confirmed nor denied that he has been replaced as executive secretary. "Let 's wait for the official announcement," Bersamin said in a message when asked if it was true that he has been replaced. Bersamin also denied on Sunday,...
To account for rising consumer prices and living costs, the Department of Finance (DOF) and its attached agency, the Bureau of Internal Revenue (BIR), are seeking to raise the ceiling for tax-exempt benefits and allowances enjoyed by both private- and public-sector workers. “Under this proposal,...
While the Department of Finance (DOF) is pushing for the swift enactment of its priority tax measures in the 20th Congress, raising the already eye-sore 12-percent value-added tax (VAT) by three percentage points (ppt) next year is off the table. In a Facebook post, the DOF called out Cavite 4th...
Batangas Gov. Vilma Santos-Recto mourned the death of former Executive Secretary, general, and congressman Eduardo Ermita on Saturday, Oct. 18. “Rest in peace, Ret. Gen. Eduardo R. Ermita. Thank you for your dedicated service to our nation. Our sincere condolences to the Ermita family,” Recto...
