(Unsplash) Amid claims that the prohibition on Philippine Offshore Gaming Operators (POGOs) would directly impact the property industry, National Economic and Development Authority (NEDA) asserts that the ban would barely make a noise in the office and residential...
Department of Finance (DOF) Secretary Ralph Recto (House of Representatives’ Facebook page) Department of Finance (DOF) Secretary Ralph Recto assured members of a House of Representatives panel that the Marcos administration is managing the country’s debt according to the “highest standards...
The Department of Finance (DOF) announced that the national government's interest payments are expected to surge by double digits next year due to refinancing of loans obtained during the pandemic. Finance Secretary Ralph G. Recto said on Monday, Aug. 5, that the government expects an 11 percent...
Have you ever thought about the cost efficiency of the Bureau of Internal Revenue (BIR) in generating revenue for the government? It only takes 52 centavos to generate P100. During a recent event celebrating the BIR's anniversary, Finance Secretary Ralph G. Recto highlighted the importance of the...
Finance Secretary Ralph G. Recto said that the inflation rate may move at a much faster pace in July, while the impact of Typhoon Carina on the prices of goods is expected to be felt in the following months. “I think, coming from a low base, the inflation will be higher, but still within target...
The Department of Finance (DOF) and the Government Financial Institutions (GFIs) have implemented measures to aid affected Filipinos and facilitate the reconstruction of areas impacted by Typhoon Carina. In a statement, Finance Secretary Ralph Recto said that every effort is being made to ensure...
The Department of Finance (DOF) stated that the country was only getting less than half of the economic costs it incurred from allowing Philippine offshore gaming operations (POGOs). Finance Secretary Ralph G. Recto said that the total economic benefits from POGOs amounted to P166.49 billion every...
President Marcos’ chief economic manager stated that achieving single-digit poverty incidence among Filipinos may happen sooner than expected. Finance Secretary Ralph G. Recto said last year's poverty rate, which better the target, was "very encouraging," given that it is also lower than...
Finance Secretary Ralph G. Recto has expressed support for the Department of Trade and Industry’s (DTI) directive to suspend the online selling of vape products temporarily. “I support the DTI directive. Their job is to regulate the sale of vape products and to ensure minors do not have access...
By XANDER DAVE CEBALLOS A college diploma is not just a piece of paper - it could potentially add up to seven years to your life expectancy. Finance Secretary Ralph G. Recto has said that higher education enhances longevity and overall well-being in addition to its financial rewards. During a...
Albay 2nd district Rep. Joey Salceda (left) and President Ferdinand "Bongbong" Marcos Jr. (Facebook) The proposed total ban on Philippine Offshore Gaming Operators (POGOs)--should it push through--will flush down the drain President Marcos'...
Finance Secretary Ralph G. Recto said that the country’s hosting of the Loss and Damage Fund (LDF) board is an opportunity to access more climate finance and investments. “We were chosen because of our strong commitment and concrete climate actions on the ground, and we thank the President for...
