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...
A historic milestone in Philippine healthcare unfolded as the Department of Health (DOH) on Wednesday, March 6 opened the country’s first Bagong Urgent Care and Ambulatory Service (BUCAS) center, which is located in Sto. Tomas, Pampanga. DOH unveils the first Bagong Urgent Care and Ambulatory...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. During the signing of the 2024 General Appropriations Act in December 2023, President Ferdinand R. Marcos Jr. (PBBM) gave the budget commandment for us in government: “We are working for the people not for ourselves. We are working for...
Despite the uptick in February, the Department of Finance (DOF) said that the rise in consumer prices remained well within the government's target range. Finance Secretary Ralph G. Recto said the 3.4 percent inflation rate last month fell within the government's desired range of 2.0 percent to 4.0...
The government is exploring the option of prohibiting disposable vapes in the country due to their unregulated sales, tax evasion, and significant health risks, especially among young Filipinos. Finance Secretary Ralph G. Recto said that they are keeping a close watch on retailers, including...
The Department of Finance (DOF) has promoted the outlook of "blockbuster" economic growth as the Marcos administration lures Australian investors to consider investing in the Philippines. During the Philippine Business Forum in Melbourne, Australia, Finance Secretary Ralph G. Recto highlighted the...
Finance Secretary Ralph G. Recto believes that the economic growth forecast provided by multilateral organizations is the more realistic target range for the Philippines compared to the current government assumption. During the Philippine Business Forum in Melbourne, Australia on Monday, March 4,...
The Japan International Cooperation Agency (JICA) is set to sign two loan agreements with the Philippines this month for a road project in Northern Luzon and the Metro Manila subway project (MMSP). The Department of Finance (DOF) said that JICA and the government are finalizing loan deals for the...
Sen. Cynthia Villar said on Friday, March 1 that the Senate will investigate allegations that the National Food Authority (NFA) sold thousands of tons of rice to certain traders at a price disadvantageous to the government. "Mag-iinvestigate kami dyan, kasi I have personal experience with regards...
Finance Secretary Ralph G. Recto said the government is keeping its ambitious target of achieving an "A" credit rating before the end of the Marcos administration. Although the president is still early in his term, Recto is optimistic on the country's prospects for climbing the rating ladder, with...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Water is the embodiment of life flowing on Earth. It is both a source of power and energy. With the dry spell currently being experienced in different areas of the country, it is critical to improve water resource management to...
