Media

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed Fitch Ratings’ recent affirmation of the Philippines’ BBB credit rating with stable outlook, which signals strong growth momentum in the medium term and a big win for ordinary Filipinos as it translates to more...

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the signing of a Government-to-Government (G2G) agreement between France and the Philippines on financial and development cooperation will deliver pioneering projects that help reduce poverty and pave the way to...

PRESS RELEASE Finance Secretary Ralph G. Recto conducted another site visit to the government’s ongoing infrastructure projects on June 7, 2024, this time at the first phase of the Light Rail Transit (LRT) Line 1 (South) Cavite Extension Project that will help boost economic...

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...

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....

I am pleased to join Senator Win in sponsoring this bill, which provides a “win-win” solution to a looming power rate increase that will further burden consumers who are already reeling from inflationary shocks. One good thing about the hardworking gentleman that I’ve noticed is...

Speech of Senate President Pro Tempore Ralph G. Recto SMX Mall of Asia, 30 June 2018 Good evening to all of you. I am honored and happy to be with the people who account for about half of the country’s GNI – or Gross National Intelligence. Let me assure you that I will not be a...

Speech Endorsing the Confirmation of Berna Romulo-Puyat as Secretary of Tourism Delivered by Senate President Pro Tempore Ralph G. Recto 30 May 2018 Mr. President, my esteemed colleagues, ladies and gentlemen : The nominee might probably break the Commission record as to the...

Delivered by Senate President Pro Tempore Ralph G. Recto 16 May 2018 Call a politician productive and it would be dismissed as a hyperbole. But use it to describe Ed Angara and it comes off as an understatement. Ed’s output of laws is encyclopedic. And the records of this...

Speech Endorsing the Confirmation of Atty. Manuel Antonio Javier Teehankee as Permanent Representative to the World Trade Organization by Senate President Pro Tempore Ralph G. Recto If diplomacy is the art of telling people to go to hell in such a way that they ask for...

Mr. President: The intention of this bill is to make undernourished children healthy, without further burdening our overworked teachers. The idea is to serve our children healthy meals, without turning their underpaid teachers into an army of unpaid cooks. I just have to state...

Mr. President: First, allow me to congratulate the main sponsors, Senators Ping and Frank, for writing the specs of a national ID card which is so valuable and virtuous that people won’t be leaving home without it. As I register my affirmative vote, let me reiterate the points...