Department of Finance (DOF) Secretary Ralph G. Recto on Wednesday revealed that they are no longer pursuing the tax reform on junk food and sweetened beverages due to a higher inflationary environment In a joint press conference with the Bureau of Customs and the Bureau of Internal Revenue, Recto...
The Department of Finance (DOF) has vowed to prioritize efforts aimed at curbing the elevated consumer prices that are impeding the country's economic growth and hindering the generation of additional government revenues. In a briefing on Wednesday, Jan. 24, Finance Secretary Ralph G. Recto said...
Finance Secretary Ralph G. Recto met with the government’s tax collectors to discuss strategic plans to achieve the Marcos administration's target of generating P4.3 trillion in revenues this year. On Tuesday, Jan. 23, Recto held a meeting with the Bureau of Internal Revenue's (BIR) management...
Quezon 2nd district Rep. David "Jay-jay" Suarez Quezon 2nd district Rep. David "Jay-jay" Suarez has been elected as new deputy speaker in the House of Representatives. Suarez's designation to the plum post was confirmed during plenary...
The Department of Finance (DOF) said the Philippines is committed to providing a welcoming environment for potential investors from the United States, symbolically represented by the concept of rolling out a "red carpet." In a statement, Finance Secretary Ralph G. Recto has assured US officials of...
BSP Governor Eli M. Remolona (left) swore in Finance Secretary Ralph G. Recto as a new member of the Monetary Board during a ceremony at the BSP headquarters in Manila on Monday, Jan. 22, 2024. Finance Secretary Ralph G. Recto has formally assumed the role of the government's representative to...
Finance Secretary Ralph G. Recto has urged Congress to work with the Department of Finance (DOF) to quickly pass key reforms necessary to lower the government’ budget deficit and debt levels. Recto, who served as a legislator in both the upper and lower houses, said that the DOF is currently...
Finance Secretary Ralph G. Recto was briefed by the Bureau of the Treasury about the country’s strategic financing program, which includes the government’s plan to borrow over P2 trillion this year. The Department of Finance (DOF) reported that Officer-in-Charge National Treasurer Sharon P....
Surigao del Norte 2nd district Rep. Robert Ace Barbers (left), DOF Secretary Ralph Recto (MANILA BULLETIN/ Facebook) Surigao del Norte 2nd district Rep. Robert Ace Barbers said the recent designation of his former House colleague Ralph Recto as Department...
The Department of Finance (DOF) has stressed the importance of determining the most efficient and economically viable approach to carbon taxation before introducing it in the Philippines. Finance Secretary Ralph G. Recto said on Tuesday, Jan. 16, that it is vital to find the most suitable way to...
Finance Secretary Ralph G. Recto has received assurance from his predecessors of their full support, pledging to assist him whenever he may need it. Former finance secretaries Cesar V. Purisima, Carlos G. Dominguez III, and Margarito B. Teves have expressed their support for Recto and assured him...
Following his official assumption of office, Finance Secretary Ralph G. Recto wants to hold a series of meetings with the officials of all attached agencies and bureaus of the Department of Finance (DOF) this week. On Monday, Jan. 15, Recto immediately led briefings with key DOF offices following...
