RalphRecto.Ph

JUN

2024

Recto conducts another site visit on infra projects, LRT-1 Cavite Extension to boost economic activity outside Metro Manila

PRESS RELEASE Finance Secretary Ralph G. Recto conducted another site visit to the government’s ongoing infrastructure projects on June 7, 2024, this time at the first phase of the Light Rail Transit (LRT) Line 1 (South) Cavite Extension Project that will help boost economic

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TAG Department of Finance (DOF), Department of Public Works and Highways (DPWH), Department of Transportation (DOTr), Dr. Santos Avenue station, Japan International Cooperation Agency (JICA), Light Rail Manila Corporation (LRMC), Light Rail Transit (LRT) Line 1 Cavite Extension Project, Light Rail Transit Authority (LRTA), Metro Manila Development Authority (MMDA), Metro Manila Subway Project, MIA Road station, Ninoy Aquino Avenue station, Official Development Assistance (ODA), PITX station, Public-Private Partnership (PPP), Ralph Recto, Redemptorist-ASEANA station, Secretary Jaime Bautista

JUN

2024

Recto: Luzon Economic Corridor to draw in more investments and support PH’s vibrant labor market, boosting job creation in manufacturing and construction

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Luzon Economic Corridor, a major infrastructure undertaking by the government, will draw in more investments that will support the Philippines’ vibrant labor market by boosting job creation in the

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TAG Apprenticeship Bill, Build Better More, Department of Finance (DOF), Enterprise Productivity Act, Executive Order No. 59, Foreign Investment Promotion and Marketing Plan (FIPMP), Infrastructure Flagship Projects (IFPs), Lifelong Learning Bill, Luzon Economic Corridor, National Economic Development Authority (NEDA), President Ferdinand Marcos Jr, Ralph Recto, Trabaho Para sa Bayan Act

JUN

2024

Recto: Gov’t carefully balancing inflation mitigation measures, conducts regular review and adjustment of policies to protect Filipinos’ purchasing power

PRESS RELEASE Finance Secretary Ralph G. Recto assured the public that the government is carefully balancing food and non-food inflation mitigation measures by conducting regular reviews and adjustments of policies to ensure that Filipinos’ purchasing power is well protected. “We

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TAG Department of Agriculture (DA), Department of Finance (DOF), Energy Regulatory Commission (ERC), Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO), La Niña Action Plan, NEDA Board, Philippine Statistics Authority (PSA), Ralph Recto, Task Force El Niño

MAY

2024

Recto welcomes toll fee hikes exemption of agri-trucks beginning June 1 to reduce food inflation and ensure the stability of food prices

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the decision to exempt trucks carrying agricultural goods from toll fee hikes and avail of rebates beginning June 1, 2024 in order to reduce food inflation and ensure the stability of food prices. “I thank our government

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TAG Agri-Trucks Toll Rebate Program, Autosweep, Department of Agriculture (DA), Department of Finance (DOF), Department of Transportation (DOTr), Easytrip, Manila-Cavite Expressway, Metro Pacific Tollways Corp. (MPTC), Muntinlupa Expressway, North Luzon Expressway, Ralph Recto, RFID, San Miguel Corporation (SMC) Tollways, South Luzon Expressway, Subic Clark-Tarlac Expressway, Toll Regulatory Board (TRB)

MAY

2024

Recto upbeat on PH econ outlook supported by a more open and liberalized investment policy landscape to lift 14M Filipinos out of poverty

PRESS RELEASE Finance Secretary Ralph G. Recto is upbeat on the Philippines’ bright economic outlook supported by a more open and liberalized investment policy landscape, which is part of the government’s growth-enhancing strategies aimed at lifting 14 million Filipinos out of

MAY

2024

Recto welcomes UNSGSA Queen Máxima’s support for DOF to widen financial inclusion and ensure financial protection among Filipinos by digitizing gov’t payments and keeping financial services affordable

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) for the Department of Finance (DOF) to accelerate the

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TAG Bangko Sentral ng Pilipinas (BSP), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Department of Finance (DOF), Department of Information and Communications Technology (DICT), Ease of Paying Taxes (EOPT) Act, Free Public WiFi Act, Gross Domestic Product (GDP), Insurance Commission (IC), Micro- Small and Medium Enterprises (MSMEs), President Ferdinand Marcos Jr, Queen Maxima of the Netherlands, Ralph Recto, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA), World Bank (WB)

MAY

2024

Recto: Approval of expanded electric vehicle incentive program will enhance ease of doing business, advance PH’s climate ambitions, and generate more green jobs for Filipinos

PRESS RELEASE Recto: Approval of expanded electric vehicle incentive program will enhance ease of doing business, advance PH’s climate ambitions, and generate more green jobs for Filipinos Finance Secretary Ralph G. Recto has underscored that the recent National Economic and

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TAG Committee on Tariff and Related Matters (CTRM), Department of Finance (DOF), Electric Vehicle Industry Development Act (EVIDA), Electric Vehicles, Executive Order (EO) No. 12, hybrid electric vehicles, Land Transportation Office (LTO), National Economic Development Authority (NEDA), plug-in hybrid electric vehicles, President Ferdinand Marcos Jr, Ralph Recto, Strategic Investment Priority Plan (SIPP), Tax Reform for Acceleration and Inclusion (TRAIN) Act

MAY

2024

Recto lauds new AO enhancing import monitoring with digital pre-border verification and cross-border electronic invoicing, vows to protect PH borders from dangerous imports as committee chair

PRESS RELEASE Finance Secretary Ralph G. Recto has lauded the issuance of Administrative Order (AO) No. 23 which will significantly enhance the monitoring of imported commodities entering the Philippines through electronic means, and has vowed to protect the country’s borders

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TAG Administrative Order (AO) No. 23, Bureau of Customs (BOC), Committee for Pre-border Technical Verification and Cross-border Electronic Invoicing, Department of Agriculture (DA), Department of Energy (DOE), Department of Environment and Natural Resources (DENR), Department of Finance (DOF), Department of Health (DOH), Department of Information and Communications Technology (DICT), Department of Trade and Industry (DTI), Executive Secretary Lucas Bersamin, Philippine Drug Enforcement Agency (PDEA), President Ferdinand Marcos Jr, Ralph Recto, Testing Inspection and Certification (TIC) Companies

MAY

2024

Revenue collection performance of BIR, BOC

IN PHOTOS: Finance Secretary Ralph G. Recto convened officials from the Bureau of Internal Revenue Philippines (BIR) and the Bureau of Customs PH (BOC) to assess the agencies’ revenue collection performance and strategize on areas where the Department of Finance (DOF) can

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TAG BIR Commissioner Romeo Lumagui, BOC Commissioner Bienvenido Rubio, Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Department of Finance (DOF), Ralph Recto

MAY

2024

Recto: PH remains a frontrunner in ASEAN growing the fastest by 5.7% in Q1 2024 with industry as the brightest spot driven by strong domestic manufacturing

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Philippine economy is once again a frontrunner in the ASEAN region posting the highest growth of 5.7% in the first quarter of 2024 despite the onslaught of El Niño, with the industry sector being the

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TAG CREATE MORE, Department of Finance (DOF), Department of Tourism (DOT), Economic Development Group (EDG), el nino, Government Owned and Controlled Corporations (GOCC), Gross Domestic Product (GDP), La Niña, Public Service Act (PSA), Public-Private Partnership Code (PPP Code), Ralph Recto, Retail Treasury Bonds (RTB)

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