Media

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...

PRESS RELEASE Finance Secretary Ralph G. Recto has referred to the strong labor market improvements in the latest Labor Force Survey (LFS) as a sign of a thriving and more inclusive economy and underscored that the government’s initiatives to enhance the ease of doing business in...

PRESS RELEASE Finance Secretary and ex-officio Governance Commission for GOCCs (GCG) member Ralph G. Recto has championed the immediate release of the long overdue retirement pay benefits of the Intercontinental Broadcasting Corporation (IBC) employees. “My heart goes out to the...

PRESS RELEASE Recto: Gov’t all hands on deck in countering the impact of El Niño on food security, proactively prepares for La Niña Finance Secretary Ralph G. Recto has assured the public that the government is all hands on deck in countering the impact of El Niño on food...

PRESS RELEASE Finance Secretary Ralph G. Recto has successfully collected PHP 88.6 billion from 47 Government-Owned- or Controlled Corporations (GOCCs) as of May 6, 2024––eleven times higher than 2023 and a major source of non-tax revenues for the national government to fund...

PRESS RELEASE Finance Secretary Ralph G. Recto has urged the Philippine Stock Exchange (PSE) to work with the government in transforming the country’s capital market as a vehicle for ordinary Filipinos to become shareholders in the nation’s growth. “Wider public access to...

Press Release Finance Secretary and Chair of the Intergovernmental Group of Twenty-Four (G-24) Board of Governors Ralph G. Recto has urged member states to reclaim their lost momentum and make a powerful comeback in the race to 2030 through heightened cooperation and scaled-up...

Press Release In line with President Ferdinand R. Marcos, Jr.’s directive for the government to roll out a ‘red carpet’ for investors, the Fiscal Incentives Review Board (FIRB) has unanimously approved a resolution increasing the investment capital threshold for projects handled...

by Ralph G. RectoSecretary of Finance To the hardworking men and women of the Department of Finance: magandang umaga sa inyong lahat. I am very pleased to see all of you here today as we kick off the 127th-anniversary celebration of the Department of Finance.  127 — imagine...

by Secretary of Finance Ralph G. RectoMarch 21, 2024 EJAP President Neil Jerome Morales; friends in the media: good evening and welcome to the DOF.  Although our venue tonight is a workplace, I hope that shoptalk will be kept at a minimum. In that spirit, I have even purged...

By Finance Secretary Ralph G. Recto Senate President Juan Miguel Zubiri; Vice Chairman Ramon Guico, Jr., Honorable Members of the Commission from the bigger and brighter House, and from the smaller and smarter house. Magandang umaga po sa inyong lahat. In taking this hot seat, I...

Ralph G. Recto Secretary of Finance February 21, 2024 PICC Manila Officials and representatives from G-24 member countries, distinguished guests from our international financial partner institutions, and colleagues from the G-24 Secretariat: Good morning. On behalf of the...

By Deputy Speaker and Batangas Rep. Ralph G. Recto 15 May 2023 Ginoong Speaker, mga katrabaho sa bulwagang ito: Mother’s Day po kahapon.  And mothers who have passed to the Great Beyond are deeply missed, lovingly remembered, Mother’s Day or not. Their memories are...

Explanation of Vote By Deputy Speaker and Batangas Rep. Ralph G. Recto 15 May 2023 Mr. Speaker, my dear colleagues:  To the casual observer, our defense material acquisition treads on two tracks. The first is to rely on hand-me-downs, sometimes mothballed pieces, which...

Explanation of Vote  House Bill 7751 – An Act Establishing Specialty Centers In Hospitals Under The Direct Supervision And Control Of The Department Of Health, And Appropriating Funds Therefor By Deputy Speaker and Batangas Rep. Ralph G. Recto 8 May 2023 Mr....

Explanation of Vote  House Bill 7584  – An Act Allowing Elementary And Secondary Learners With Unpaid Tuition And Other School Fees To Take The Periodic And Final Examinations On Good Cause And Justifiable Grounds By Deputy Speaker and Batangas Rep....