Media

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Luzon Economic Corridor, a major infrastructure undertaking by the government, will draw in more investments that will support the Philippines’ vibrant labor market by boosting job creation in the...

PRESS RELEASE Finance Secretary Ralph G. Recto assured the public that the government is carefully balancing food and non-food inflation mitigation measures by conducting regular reviews and adjustments of policies to ensure that Filipinos’ purchasing power is well protected. “We...

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the decision to exempt trucks carrying agricultural goods from toll fee hikes and avail of rebates beginning June 1, 2024 in order to reduce food inflation and ensure the stability of food prices. “I thank our government...

PRESS RELEASE Finance Secretary Ralph G. Recto is upbeat on the Philippines’ bright economic outlook supported by a more open and liberalized investment policy landscape, which is part of the government’s growth-enhancing strategies aimed at lifting 14 million Filipinos out of...

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) for the Department of Finance (DOF) to accelerate the...

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...

Mr. President, dear colleagues, fellow workers in government: This bill is not a gift of one person, nor the result of the generosity of one institution. It springs from the grace of taxpayers who will ultimately pick up the P310 billion, four-year tab of this bill. It will come...

Explanation of VoteCommending Hon. Juan Miguel F. Zubiri for Leading the Philippine National Team for Arnis to Resounding Victory in the 30th Southeast Asian Games Senate President Pro Tempore Ralph G. Recto Mr. President: There is one canon in politics that was preached by Teddy...

Explanation of Vote on Senate Bill No. 1077Creating a National Transportation Safety Board Senate President Pro Tempore Ralph G. Recto This bill, like our traffic-delayed planes and buses, may have been late in coming. But the alternative of it not arriving at all would have been...

Explanation of Vote on Senate Bill No. 1155Amending the Comprehensive Firearms and Ammunition Regulation Act Senate President Pro Tempore Ralph G. Recto When rules are complicated and the process in securing permits are complex, it leads not to compliance, to but to evasion. This...

SPONSORSHIP SPEECH SBN 1092: Teaching Supplies Allowance Act by Senate President Pro Tempore Ralph G. Recto Mr. President: It has been said that what the teacher writes on the blackboard of life can never be erased. But we, on the other hand, can erase and change the amount of...

Since the time we approved this bill on second reading last week, there have been 1786 vehicular accidents – in Metro Manila alone. Of this, 282 were injuries, and about five were fatalities. We extrapolated this from last year’s data. It is safe to assume that the ones for this...

Explanation of Vote: ESTABLISHING MALASAKIT CENTERS IN ALL DOH HOSPITALS Mr. President: For most of our countrymen, hospitalization is a luxury they cannot afford. The body may be willing, but the pocket is not. The result is that six in ten deaths in this country are unattended...

Mr. President, my dear colleagues:I would like to begin with a confession: I am a gun owner. This is so because the Rectos are a family of shooting athletes who fought under the flag and brought home medals. My father was many times a Philippine champion and was an Olympian. Two...