Media

IN PHOTOS: Finance Secretary Ralph G. Recto and the rest of the economic team convened a meeting with senior officials of the Japanese credit rating agency Rating and Investment Information Inc. (R&I) on June 20, 2024 in Tokyo to update them about the Philippines’ promising...

IN PHOTOS: The Philippine delegation to Japan, led by Finance Secretary Ralph G. Recto, engaged with top executives of Japanese companies on June 19, 2024 to invite them to expand their presence in the Philippines. Among the Japanese companies were Sojitz Corporation, Mitsubishi...

IN PHOTOS: Finance Secretary Ralph G. Recto recently engaged with executives from the IFC – International Finance Corporation (IFC) to discuss ongoing partnerships and explore new areas for collaboration. The IFC is an international financial institution providing...

PRESS RELEASE Finance Secretary Ralph G. Recto convened the inaugural committee meeting to operationalize the Pre-border Technical Verification and Cross-border Electronic Invoicing Systems under Administrative Order (AO) No. 23, series of 2024 on June 11, 2024 at the Department...

PRESS RELEASEFinance Secretary Ralph G. Recto has welcomed the enactment of the Real Property Valuation and Assessment Reform Act, which was signed into law as Republic Act No. (RA) 12001 by President Ferdinand R. Marcos, Jr. on June 13, 2024, to establish a just, equitable, and...

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the digitalization initiatives under the Philippine Public Financial Management (PFM) Reforms Roadmap 2024-2028 for a more efficient and effective government service delivery for Filipinos. “I thank the ADB for helping...

PRESS RELEASE Finance Secretary and Social Security Commission (SSC) Chairperson Ralph G. Recto has lauded the Social Security System (SSS) for the launching of its new pension scheme called MySSS Pension Booster on June 10, 2024, which will pave the path towards...

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the new maritime vessels acquired by the Philippine government from Japan will steer the country towards the safe harbors of economic security and prosperity for all Filipinos. “They will not only help strengthen...

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...

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,...