Media

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...

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...

ROAD CRASHES HAVE BECOME A RAGING NATIONAL EPIDEMIC Five days ago, 40 Cagayano farmers clambered aboard a truck at the break of dawn to go to Tuguegarao to claim the corn seeds the DA was giving them for free. By nightfall, 19 of them lay dead after their rented ride plunged into...

Magandang araw po sa inyong lahat. Nang natanggap ko ang inyong imbitasyon na magsalita sa pagtitipong ito, I treated it as an assignment. So like a student, I did my homework. So today I am ready for my recitation. And I can only hope that after I am done you will give me a...

The truth is, Senator Tito is better in writing laws than in writing songs. He is better in putting ideas into policies than words into music. Yes, he might have built an impressive catalogue of songs, but this does not compare to his greatest hits in lawmaking. He has amassed...

Explanation of Vote, Bicameral Conference Report : “An Act Liberalizing the Importation, Exportation and Trading of Rice, Lifting for the Purpose the Quantitative Import Restriction on Rice, and for Other Purposes” Mr. President, my dear colleagues: The bill has its merits but it...

Mr. President, fellow senators, colleagues from the House: A fellow Batangueño based in Dubai, one of the fans of this “Twitter rockstar,” has texted me to confirm the nominee because he is “an OFW, an Outstanding Facebook Warrior.” For this is true, Mr. President: While we may...

There is a Chinese saying that there are 1,000 prescriptions to a disease, but only one cure. And this bill, after diagnosing what ails the Philippine health system, collates the cures in one catalogue. The truth is, there is no cure-all, fast-acting miracle pill on how to make...

Magandang umaga po sa inyong lahat. Sa ating mga panauhin, tuloy po kayo sa Batangas. Ito ang duyan ng magiting, tahanan ng masisipag, balwarte ng mga astig, at lugar ng mga magaganda at makikisig. Sa araw pong ito, lilikha tayo ng kasaysayan. Pero bago po natin gawin iyon,...

Mr. President, dear colleagues: I have always said that there’s an unli-rice loving gene in our DNA. It shows in our per capita rice consumption, which is 108 kilograms a year. But for most people, like me, it shows up in our abs. Allow me to illustrate my point further, Mr....