Malacañang has directed all national government agencies and state-run institutions to observe austerity measures during the Christmas season, citing the need for prudent use of public funds amid recent natural disasters and ongoing recovery efforts. Under Memorandum Circular No. 110, signed by...
Executive Secretary Ralph Recto called for a people-centered definition of national security, stressing that true security lies in protecting the everyday conditions that allow Filipino families to live with dignity, stability, and hope. Speaking at the National Security Summit 2025, Recto said...
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...
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....
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,...
Department of Finance (DOF) Secretary Ralph Recto on Tuesday, Oct. 14, said the Philippine economy may experience a temporary slowdown in the latter half of 2025 due to ongoing government reforms meant to ensure proper spending of taxpayers’ money, but he expressed optimism that growth will...
Department of Finance (DOF) Secretary Ralph Recto on Tuesday, Oct. 14, said corruption in government infrastructure programs, particularly flood control projects, has hampered the country’s economic growth and affected the government’s ability to meet its revenue targets. During the Senate...
Filipinos will repay another World Bank loan until 2053, after the Marcos administration's chief economic manager signed the agreement for the Philippines first energy transition and climate resilience development policy loan (DPL). On behalf of the Philippine government, Finance Secretary Ralph G....
The Marcos administration's chief economic manager has signed another loan agreement with the World Bank, committing to repay the concessional financing until 2053. A World Bank document showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
