The Department of Finance (DOF) is now supporting the creation of the Bulacan Special Economic Zone and Freeport (BuZ) next to the new airport being built by San Miguel Corp. (SMC). Finance Secretary Ralph G. Recto told Manila Bulletin that he sees no drawbacks in Senate Bill No. 2572, aiming to...
Finance Secretary Ralph G. Recto assured that the Ninoy Aquino International Airport (NAIA) will finally offer world-class service following the signing of a concession agreement for the Public-Private Partnership (PPP) project. “Our people must receive full VIP airport treatment—no hassles, no...
Finance Secretary Ralph G. Recto has now officially settled into his role as a member of President Marcos' economic team, following his confirmation by the powerful Commission on Appointments (CA). During the 42-minute CA hearing last March 13, Recto received mostly praises and well-wishes from the...
In the urban landscape of Metro Manila, where available land is increasingly scarce, the Department of Finance is suggesting the development of new modern business districts on two large state-owned lands that could replicate the success of Bonifacio Global City (BGC). Finance Secretary Ralph G....
Amid swirling rumors, Finance Secretary Ralph G. Recto announced that he has no plans to seek re-election to the Senate next year, and nothing can sway this decision. After the Commission on Appointments unanimously approved his ad interim appointment as the Department of Finance (DOF) chief, Recto...
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,...
DOF Secretary Ralph Recto (Facebook) Surigao del Sur 2nd district Rep. Johnny Pimentel has predicted "smooth sailing" for Department of Finance (DOF) Secretary Ralph Recto's confirmation before the powerful Commission on Appointments (CA). ...
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...
