Media

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...

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...

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...

Thank you for that kind introduction. I seldom accept speaking invitations, except if it comes from Catholic educators, because having endured nine years of homilies by the Christian Brothers, and six years of sermons by the Jesuits, I have always looked forward to returning the...

Mr. President: I have been advocating for a PhilHealth-based national ID card long before I was elected to this body. Years ago, when the plan to create a national ID system was driven by security concerns, I countered that such an ID will only garner high social acceptability if...

The last time I stood here, I exhorted us to use, so to speak, our coconuts to drop the perpetual approach in rehabilitating the coconut industry and opt for a faster reconstruction timetable with a fixed deadline. I said that if an industry is in crisis, efforts to revive it...

Remarks of Senate President Pro Tempore Ralph G. Recto Mr. President: When it comes to diagnosing the ills of the coconut industry, I share the same findings with my esteemed colleagues. Nine out of 10 live below poverty line. The irony of their penury is best captured by this...

Mr. President: There is a saying that in making laws, it is the politicians who write the bill, but it is the people who foot the bill. Campaign promises are free; redeeming them is what is costly. Lawmakers get the credit, but it is the taxpayers who raise the cash. Yes, the...

Explanation of Vote: Ease of Doing Business and Efficient Government Service Delivery Act of 2018 by Senate President Pro-Tempore Ralph G. Recto I am voting in the affirmative, Mr. President, with the manifestation that to further improve the bill, three provisions should be...

Mr. President, my dear colleagues: The nominee is my seatmate in the Arroyo Cabinet, which was when I saw how good a doctor he is. When I dug into a bag of chicharon, he never lectured me about cholesterol; when wine was served, he saw to it that my glass was always full; and...

National Child Feeding Program: One Recipe Against Rising GNP – Gutom na Pilipino Explanation of Vote Speech on Senate Bill 1279: Masustansyang Pagkain Para sa Batang Pilipino by Senate President Pro Tempore Ralph Recto* The good news is that our GDP is increasing. The bad...