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PRESS RELEASE Finance Secretary Ralph G. Recto expressed optimism over the 1.45 million new jobs created for Filipinos in August 2024, anticipating even more employment opportunities as inflation drops to a four-year low and the holiday season approaches. “I am very glad of the...

PRESS RELEASE Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service Finance Secretary Ralph G. Recto has thanked the House of Representatives’ Committee on Appropriations panel for...

PRESS RELEASE Finance Secretary and Asian Development Bank (ADB) Governor for the Philippines Ralph G. Recto welcomed the launching of the ADB’s new country partnership strategy for the Philippines, which reflects its longstanding friendship and deep understanding of t...

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the passage of Senate Resolution No. 139, concurring with the ratification of the Philippines’ participation in the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), which will help stop tax evasion...

IN PHOTOS: Finance Secretary Ralph G. Recto met with Philippine General Hospital (PGH) Director Gerardo “Gap” Legaspi to discuss ways on how the Department of Finance (DOF) can further support the services of the PGH and provide wider access to affordable health and medical care...

PRESS RELEASE Finance Secretary Ralph G. Recto has commended the Philippine Tax Academy (PTA) for expanding its training programs last year and urged the agency to further scale these efforts to strengthen public personnel’s tax administration capabilities in order to boost...

PRESS RELEASE Finance Secretary Ralph G. Recto has secured financing from the International Fund for Agricultural Development (IFAD) for a project that will help 86 agrarian reform communities in South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos...

PRESS RELEASE Finance Secretary Ralph G. Recto has emphasized that the slower inflation rate in August 2024 demonstrates the effectiveness of the government’s targeted interventions to stabilize food prices, and assured the public that it will sustain the downward momentum...

SPONSORSHIP SPEECH Senate Resolution Nos. 1002, 1004, 1005  on the Death of Susan Roces  Senate President Pro Tempore Ralph G. Recto 23 May 2022 Mr. President, my dear colleagues: A colleague has lost her mother, the people an icon, and the nation is all the more poorer...

EXPLANATION OF VOTE SB 2450: Permanent Validity of the Certificates of Live Birth, Death and Marriage Senate President Pro Tempore Ralph G. Recto 23 May 2022 Mr. President:  In five minutes, or by the time I have finished explaining my vote, 16 Filipinos would have been...

FIREARMS REGULATION (SB 1155; Committee Report 19)Explanation of Vote of Senate President Pro Tempore Ralph G. Recto02 Feb 2022 Mr. President, my dear colleagues: When I first requested Senator Ronald to act on my bill, which injects common sense into our firearms law, he...

Explanation of vote of Senate President Pro Tempore Ralph G. Recto31 January 2022 Mr. President, my dear colleagues: By proportion of structures destroyed, Marawi sustained more damage in 2017 than Manila in 1944. The U.S. Philippine Rehabilitation Act, however, took effect in...

SB 2044: DECLARING SAN JOSE, BATANGAS THE EGG BASKET OF THE PHILIPPINES Explanation of Vote of Senate President Pro Tempore Ralph G. Recto 31 January 2022 Mr. President, my dear colleagues: Kung ang almusal n’yo po kanina ay isang uri ng “log” —tapsilog, longsilog, tocilog,...

SB 2493: Vintage Vehicle Regulation ActExplanation of Vote of Senate President Pro Tempore Ralph G. Recto31 January 2022 The first automobile arrived in the Philippines in 1900, a “Georges Richard” imported from France by the store La Estrella del Norte for its customer, a...

Explanation of vote of Senate President Pro Tempore Ralph G. Recto31 January 2022 Exactly two years ago today, the swab test on the country’s COVID-19 Patient 2, a Chinese national, returned positive. A day later, on February 1, 2020, he expired. Patient 2 was confirmed as the...

EXPLANATION OF VOTE HB 10373: Extending the Availability of 2021 GAA to December 31, 2022 Senate President Pro Tempore Ralph G. Recto 13 December 2021 Mr. President:  The essence of this bill is to extend the clock on the current national budget. Appropriations bear expiry...