RalphRecto.Ph

MAY

09

2024

Recto: PH remains a frontrunner in ASEAN growing the fastest by 5.7% in Q1 2024 with industry as the brightest spot driven by strong domestic manufacturing

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

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TAG CREATE MORE, Department of Finance (DOF), Department of Tourism (DOT), Economic Development Group (EDG), el nino, Government Owned and Controlled Corporations (GOCC), Gross Domestic Product (GDP), La Niña, Public Service Act (PSA), Public-Private Partnership Code (PPP Code), Ralph Recto, Retail Treasury Bonds (RTB)

MAY

08

2024

Recto: Strong labor market improvements a sign of thriving and more inclusive economy, gov’t initiatives to enhance the ease of doing biz in PH will bring in more high-quality jobs for Filipinos

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

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TAG CREATE MORE, Department of Finance (DOF), Growth Enhancing Actions and Resolutions (GEARS), Labor Force Survey (LFS), Public-Private Partnership Code (PPP Code), Ralph Recto

MAY

08

2024

Recto champions the immediate release of long overdue retirement pay of IBC employees

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

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TAG Department of Finance (DOF), Governance Commission for GOCCs (GCG), IBC 13, Presidential Communications Office (PCO), Ralph Recto

MAY

07

2024

Recto: Gov’t all hands on deck in countering the impact of El Niño on food security, proactively prepares for La Niña

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

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TAG Bangko Sentral ng Pilipinas (BSP), Department of Agriculture (DA), Department of Finance (DOF), el nino, Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO), La Niña, National Irrigation Administration (NIA), Philippine Crop Insurance Corporation (PCIC), President Ferdinand Marcos Jr, Ralph Recto, Rice Competitiveness Enhancement Fund (RCEF)

MAY

06

2024

Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes

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

FEB

22

2024

Recto urges PSE to work with gov’t in transforming PH capital market as vehicle for ordinary Filipinos to be shareholders in nation’s growth

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

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TAG Capital Market Development Act, Comprehensive Tax Reform Program (CTRP), Department of Finance (DOF), Development Bank of the Philippines (DBP), Land Bank of the Philippines, Philippine Stock Exchange (PSE), Ralph Recto, Securities and Exchange Commission (SEC)

FEB

21

2024

Recto to G-24: Reclaim lost momentum, make powerful comeback in race to 2030 thru heightened cooperation and support from int’l partners

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

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TAG Asian Development Bank (ADB), Department of Finance (DOF), Group of Twenty-Four (G-24), International Monetary Fund (IMF), Ralph Recto, World Bank

FEB

19

2024

FIRB increases IPA projects approval threshold to roll out ‘red carpet’ to investors

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

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TAG Corporate Recovery and Tax Incentives for Enterprises (CREATE), Department of Finance (DOF), Fiscal Incentives Review Board (FIRB), Investment Promotion Agencies (IPAs), President Ferdinand Marcos Jr, Ralph Recto

FEB

16

2024

Recto welcomes MIAA Board approval of NAIA rehab PPP contract––the largest solicited PPP project under PBBM

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

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TAG Department of Finance (DOF), Department of Transportation (DOTr), Investment Coordination Committee (ICC), Manila International Airport Authority (MIAA), National Economic Development Authority (NEDA), Ninoy Aquino International Airport (NAIA), President Ferdinand Marcos Jr, Privatization and Corporate Affairs Group (PCAG), Public-Private Partnership (PPP), Ralph Recto, SMC-SAC Consortium

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