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PRESS RELEASE Finance Secretary Ralph G. Recto highlighted that the recent signing of crucial agreements to jumpstart the fruition of five Public-Private Partnership (PPP) transportation projects is a monumental gift to Filipinos this Christmas. Witnessed by President Ferdinand...

PRESS RELEASE The Marcos Jr. administration has made 2024 a banner year for economic achievements and has once again successfully positioned the Philippines as among the fastest-growing economies in Asia despite global challenges such as geopolitical tensions. “2024 is a year of...

PRESS RELEASE Finance Secretary Ralph G. Recto championed the central role of sound corporate governance anchored in sustainability in fostering inclusive growth across Asian economies during the Organization for Economic Cooperation and Development (OECD)-Asia Roundtable on...

PRESS RELEASE The Philippines and the Lao People’s Democratic Republic (PDR) successfully conducted the first round of negotiations for its  Double Taxation Agreement (DTA) on December 4-6, 2024 in Luang Prabang, Lao PDR. The Department of Finance (DOF) led the negotiations for...

PRESS RELEASE Finance Secretary Ralph G. Recto is optimistic about the Philippines’ economic prospects in 2025, fueled by the recent enactment of two key laws aimed at boosting the tourism industry and local spending as well as strengthening food security in the country....

Finance Secretary Ralph G. Recto highlighted the sustained strength of the country’s labor market as the unemployment rate fell to 3.9% in October 2024, bringing the year-to-date average to 4.0%—well below the full-year target range. The Philippine Development Plan sets the...

Finance Secretary Ralph G. Recto highlighted that the country’s inflation rate stays firmly within the target range, reflecting the government’s effective interventions to ease supply pressures for key food items, especially rice. “We are very much on track in keeping our...

PRESS RELEASE Finance Secretary Ralph G. Recto has been chosen as this year’s Lifetime Contributor Awardee for the Public Sector—the highest recognition of the Asia CEO Awards—and has dedicated the prestigious accolade to the Department of Finance (DOF) family for its great...

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....

Explanation of Vote  House Bill 7576 – An Act Providing For Early Voting By Qualified Senior Citizens, Persons With Disabilities, Lawyers, And Human Resources For Health In National And Local Elections By Deputy Speaker and Batangas Rep. Ralph G. Recto 8 May 2023...

Explanation of Vote of Deputy Speaker and Batangas Rep. Ralph Recto On H.B. No. 4673, “An Act Postponing the December 2022 Barangay and Sangguniang Kabataan Elections” 20 September 2022 If the courting of votes is big business in this country, the counting of votes is one big...

*manifested on the floor to be inserted into the record Explanation of Vote of Deputy Speaker and Batangas Rep. Ralph Recto 19 September 2022 On H.B. No. 14, “An Act Requiring The Registration of Subscriber Identity Module Cards”  Mr. Speaker, my dear colleagues:  When...

Privilege Speech of Deputy Speaker and Batangas Rep. Ralph G. Recto 01 August 2022 Mr. Speaker, my dear colleagues. I join the nation in mourning the passing of a statesman who changed the course of our country and the lives of our people for the better. President Ramos was brave...

Rep. Ralph G. Recto (6th District of Batangas) Seconding the Nomination of Rep. Ferdinand Martin Romualdez as Speaker of the House of Representatives25 July 2022 It is my privilege to second the nomination. May I just submit for insertion into the records the copy of my...

VALEDICTORY SPEECH 01 June 2022 18th Congress Mr. President, my dear colleagues: Thirty years—and thirty pounds—ago I walked into the House of Representatives as its youngest member. Next month, I will be returning there as one of the oldest—in years, but certainly not in...

EXPLANATION OF VOTE SB 2506; Committee Report 597 INCREASING PENSION FOR SENIOR CITIZENS Senate President Pro Tempore Ralph G. Recto 30 May 2022 Mr. President, my dear colleagues:  Age may just be a number, but the numbers on old-age pension are in the billions. The Social...