Press Releases

Sen. Ralph G. Recto today said state-owned Philippine Health Insurance Corp. (PhilHealth) should tell Congress why it was seeking a 100 percent increment in members’ contributions despite its huge cash reserves and generous budgetary support. “As I’ve said before, the planned

Resolution tasks Senate banks panel to conduct probe Sen. Ralph G. Recto yesterday called for a revisit of the laws on foreign currency deposit units (FCDUs) and the confidentiality of bank accounts to hammer out better laws responsive to “changing times and changing crimes

For uniform, vigorous compliance Sen. Ralph G. Recto today called on the Civil Service Commission (CSC) to spearhead the nationwide education campaign in all government offices on how to truthfully and correctly fill up the newly issued Statement of Assets, Liabilities and Net

Cheery Yuletide thoughts in the month of hearts. Sen. Ralph G. Recto today said more government and private workers would enjoy higher tax-free bonuses and other benefits up to P60,000 to P72,000 once the P30,000 ceiling on tax-exempt benefits is increased. “In the midst of

OPENING STATEMENT OF SEN. RALPH G. RECTO COMMITTEE ON WAYS AND MEANS PUBLIC HEARING FEB. 2, 2012 SBN 3065 – Tax Exemptions of International Air Carriers First on our agenda is Senate Bill 3065, which seeks to abolish the 3% Common Carriers Tax (CCT) and the 2 ½ % Gross

Palace backing on bill scrapping common carriers tax sought. Sen. Ralph G. Recto today said the passage of a proposed measure eliminating common carrier’s tax (CCT) on international carriers would boost tourist arrivals by 70,000 more on the first year and help create 70,000 new

Sen. Ralph G. Recto today expressed confidence that the Senate acting as an impeachment court could conduct the trial of Chief Justice Renato Corona with dispatch so that the country could focus on putting on track its economic life. “The impeachment trial has to be swift so that

Sen. Ralph G. Recto today said there’s no need to impose a 160-percent increase in the members’ contributions to Philippine Health Insurance Corp. (PhilHealth) considering its enormous cash “reserves” and huge subsidies from government. “PhilHealth could achieve viability and

Crony-owned or not, private corporations and their wealthy owners should be barred from dipping its hands into the loan portfolio of state banks to avoid a repeat of the alleged P660-million behest loan granted by Development Bank of the Philippines (DBP) to former Marcos trade