New taxes are still a possibility, as the Department of Finance (DOF) clarified that the Marcos administration is just currently not keen on introducing additional tax proposals, apart from its existing priority tax measures. Finance Secretary Ralph G. Recto said the DOF is not developing new tax...
After the shelving the planned merger, the Department of Finance (DOF) is now considering the public listing of Land Bank of the Philippines and the Development Bank of the Philippines (DBP). On Wednesday, Feb. 14, Finance Secretary Ralph G. Recto told Manila Bulletin that informal discussions have...
Finance Secretary Ralph G. Recto calls on the Bureau of Customs (BOC) to keep the cash flowing, stressing the crucial link between efficient tax collections and funding at least a fifth of the government's spending. Addressing BOC employees during the agency’s anniversary celebration on Tuesday,...
Finance Secretary Ralph G. Recto said that the central bank’s Monetary Board (MB) will hold its policy meeting on Wednesday, Feb. 14, instead of the originally scheduled Thursday, Feb. 15. Recto, who represents the government on the MB, explained that the seven-member body decided to advance the...
Finance Secretary Ralph G. Recto emphasized the need to promote a culture of saving and investing in the country, while encouraging Filipinos to consider investing in retail treasury bonds (RTB). “We should instill in our people a mindset that embraces and normalizes a culture of saving and...
GENEVA, Switzerland -- Fisheries, agriculture and WTO reform will be at the heart of intense negotiations when trade ministers from around the world gather in Abu Dhabi later this month. Big deals are unlikely during the World Trade Organization's 13th ministerial meeting, since its rules require...
Vice President and Education Secretary Sara Duterte, the newly installed president of the Southeast Asian Ministers of Education Organization (SEAMEO), is planning to establish a collaborative partnership with the Malaysian government in the field of education. Photo credit to MB Visual Content...
To support the Department of Agriculture's (DA) rice program, the Department of Budget and Management (DBM) released funding for the Rice Competitiveness Enhancement Program (RCEP) for the first quarter of this year. Budget Secretary Mina F. Pangandaman approved on Tuesday, Feb. 13, the P455.59...
Relief packs from the national government will be ferried by this United States Marine Corps KC-130J Hercules aircraft to the landslide victims in Maco, Davao de Oro on Feb. 12, 2024. (Photo by Armed Forces of the Philippines) The death toll from the tragic landslide that struck Barangay Masara in...
Department of National Defense (DND) Sec. Gilberto Teodoro Jr. (below, third from right) visits the northern frontier's maritime defense outpost in Mavulis Island in Itbayat, Batanes on Feb. 6, 2024. (Photo by Armed Forces of the Philippines) The Department of National Defense (DND) has cautioned...
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 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...
