Crony-owned or not, private corporations and their wealthy owners should be barred from dipping its hands into the loan portfolio of state banks to avoid a repeat of the alleged P660-million behest loan granted by Development Bank of the Philippines (DBP) to former Marcos trade

Sen. Ralph G. Recto, vice chairman of the Finance Sub-Committee C, meets with the officials of the Department of Transportation and Communication (DOTC) led by its Secretary Mar Roxas, prior to the Senateís deliberation of the proposed 2012 budget of the agency and its attached

Sen. Ralph G. Recto’s Sponsorship Speech on the Proposed 2012 General Appropriations Act  Mr. President: Before I dwell on some specifics of next year’s budget, let me take a great leap backward and discuss some details of the national budget 100 years ago. Although a

Sen. Recto, vice chairman of the finance sub-committee C, takes the stand to defend the proposed 2012 budget of the National Economic Development Authority (NEDA) during yesterdayís marathon hearing on the budget. In attendance are officials of NEDA and attached agencies led by

Sen. Ralph G. Recto today welcomed the rolling out P6.37 billion for the rehabilitation of the elevated railway lines even as he urged government to consider locally sourcing the materials or equipment needed in the planned upgrade. Recto likewise commended government for forking

The doves have prevailed over the hawks. The President has demonstrated a great amount of grace under pressure in choosing to wage peace instead of turning ‘juramentado’ in the wake of fresh violence in Muslim Mindanao, which resulted to the sorry loss of lives of soldiers and

Sen. Ralph G. Recto today warned that bringing in private investors to operate or acquire the Ninoy Aquino International Airport Terminal I (NAIA-1) might not be the answer to cure the 30-year airport terminal of its worst features. “If we sell to a private group, we could be

Sen. Ralph G. Recto today said the country should feel safer with boxing sensation and Sarangani Rep. Manny Pacquiao in the reserved force holding the rank of lieutenant colonel than entrusting its freedom to the hordes of skeptics. Recto stressed Pacquaio deserves his promotion