Media

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...

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the Manila International Airport Authority (MIAA) Board’s recent approval to award a contract to a winning private sector consortium bidder for the rehabilitation of the Ninoy Aquino International Airport (NAIA)––the...

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored the critical role of the Bureau of Customs (BOC) in funding President Ferdinand R. Marcos, Jr.’s socioeconomic agenda and driving the overall progress of the country. “The BOC is more than the landing point of trade...

PRESS RELEASE Finance Secretary Ralph G. Recto has urged Filipinos to invest in the Bureau of the Treasury (BTr)’s 30th tranche of Retail Treasury Bonds (RTB 30), which promotes cheap investment opportunities for small savers to secure their future.  “The RTB 30 is more than just...

Press Statement of Deputy Speaker and Batangas Rep. Ralph G. Recto September 25, 2023 If harassing fishermen were a water sports in the Asian Games, China will sweep all the medals. It treats the entire WPS as its exclusive practice area.  And it has fenced off Bajo de...

Press Statement of Deputy Speaker and Batangas Rep. Ralph G. Recto September 4, 2023 Dahil sa EO 39, agad bumulusok ang farmgate prices ng palay mula P23 to P19 per kilo.  Kung apektado ang kalahati ng forecast palay harvest sa taong ito – mga 10 million metric tons – lugi...

Press Statement of Deputy Speaker and Batangas Rep. Ralph G. Recto September 2, 2023 For all the loud noises government makes in defending what is ours in the West Philippine Sea, it seems that the funds it is proposing in the 2024 national budget for improving military...

Our soon-to-be man in Washington DC is no babe in the woods in US affairs. Though principally based in Manila, he has enough contacts in the American capital that he can be considered a Beltway insider. So wide is his network, I was told, that should Trump drain the swamp, those...

Thank you very much for that kind introduction. I endured four years of college lectures, so you can just imagine how excited I am to finally return the favor, and this time torture you with a winding—and windy—speech only a senator can inflict. Let me assure you that I will keep...

This is the speech Senate President Pro Tempore Ralph Recto that was scheduled to deliver if the confirmation hearings on Secretary Judy Taguiwalo had advanced to CA plenary for voting ‘To Serve the People’ Speech Endorsing the Confirmation of Prof. Judy Taguiwalo as...

“Kung ang bata ay kulang sa timbang, tayo ang may pagkukulang” It has been said that politicians love to kiss babies when they run for office. But kiss them goodbye the moment they’re elected. If babies only know how to throw tantrums through tweets, or if they could...

Mr. President: To join the economic cluster of the Cabinet is to become a travelling salesman. Membership in that team means one must travel tens of thousands of miles a year to attract billions in investments, or to borrow money in the billions. A Finance secretary hawks bonds...

Thank you. Magandang hapon po sa inyong lahat. I am happy and honored to be here today. What I’ve noticed is that there is no universal oath that binds politicians, unlike physicians who have their famous “First, do no harm” pledge. But if ever there will be a contest to coin one...

If the middle class’s patriotism is soluble in taxes, the one of farmers can also dissolve in irrigation fees. For years, farmers have been clamoring for a moratorium on irrigation payments. Basically, what they seek is parity—to be treated the same way that conglomerates have...

Mr. Chairman, my dear colleagues : I stand with you today in endorsing the demotion of our dear colleague from a senator of the Republic to its top diplomat. His 19 years in Congress – 9 years in the Bigger House and 10 in the Better House – have prepared him for the grueling job...