RalphRecto.Ph

SEP

03

2024

National and Bangsamoro Governments approve ODA loan guidelines that will support BARMM’s inclusive development

PRESS RELEASE The Intergovernmental Fiscal Policy Board (IFPB) has approved the guidelines on official development assistance (ODA) loans for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), paving the way for the region’s access to foreign-assisted projects and

BY Admin

COMMENT Off

TAG Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), Bangsamoro Government, Bangsamoro Government Minister of Finance, Bangsamoro Organic Law (BOL), Bangsamoro Revenue Office (BRO), Budget and Management Ubaida C. Pacasem, Bureau of Internal Revenue (BIR), Deparment of Budget and Management (DBM), Department of Finance (DOF), Department of Trade and Industry (DTI), Development Bank of the Philippines (DBP), Intergovernmental Fiscal Policy Board (IFPB), National Economic Development Authority (NEDA), Official Development Assistance (ODA), Ralph Recto

AUG

29

2024

Republic of the Philippines Prices 5.5-Year, 10.5 Year and 25-Year (Sustainable) US Dollar Global Bonds

PRESS RELEASE MANILA, Philippines – The Republic of the Philippines (the “Republic”) successfully returned to the international capital markets for the second time in 2024 with its USD 2.5 billion triple-tranche 5.5-year, 10.5-year, and 25-year SEC-registered

BY Admin

COMMENT Off

TAG Department of Finance (DOF), Fitch, Fixed Rate Global Bonds, Moody's, National Treasurer Sharon Almanza, Ralph Recto, Standard & Poor's, Sukuk

AUG

29

2024

Recto: PH to set a gold standard for climate finance and action globally with new Loss and Damage Fund Board law

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Philippines is set to establish a gold standard for climate finance and action globally with the recent enactment of the Loss and Damage Fund (LDF) Board Act that enables its hosting of the Board. “The LDF

BY Admin

COMMENT Off

TAG Department of Finance (DOF), LDF Board Act, Loss and Damage Fund (LDF), President Ferdinand Marcos Jr, Ralph Recto, World Bank (WB)

AUG

29

2024

Recto secures more support from ADB on PH’s climate action initiatives

PRESS RELEASE Finance Secretary Ralph G. Recto has secured more support from Asian Development Bank (ADB) President Masatsugu Asakawa for the Philippines’ climate action efforts during a high-level meeting on August 28, 2024, at the ADB Headquarters in Ortigas. At the

BY Admin

COMMENT Off

TAG ADB President Masatsugu Asakawa, ASEAN Catalytic Green Finance Facility (ACGF), Asian Development Bank (ADB), Climate Change Action Program (CCAP) Subprogram 2, Coalition of Finance Ministers for Climate Action (CFMCA), COP28, Country Partnership Strategy (CPS), Department of Finance (DOF), Green Climate Fund (GCF), Loss and Damage Fund (LDF), Official Development Assistance (ODA), Ralph Recto, United Nations Development Programme (UNDP), United Nations Environment Programme (UNEP), World Bank (WB)

AUG

28

2024

Recto leads high-level meeting of Finance Ministers for climate action, urges peers to drive integrated solutions that bring climate resilience and poverty eradication together

PRESS RELEASE Finance Secretary Ralph G. Recto has urged his fellow Finance Ministers to drive integrated solutions that bring climate action and poverty eradication all together, stressing the need to balance economic development and climate resilience during a high-level

AUG

27

2024

Recto: DOF’s 2025 budget proposal prioritizes digitalization for efficient tax administration and public service, adheres to the highest standards of fiscal discipline

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored to the members of the Senate that the Department of Finance (DOF)’s 2025 budget proposal prioritizes digitalization for efficient tax administration and public service, and assured that it adheres to the highest

BY Admin

COMMENT Off

TAG Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF), Bureau of Treasury (BTr), Central Board of Assessment Appeals (CBAA), Commission on Audit (COA), Department of Finance (DOF), General Appropriations Act (GAA), Insurance Commission (IC), Medium Term Fiscal Program, National Tax Research Center (NTRC), People's Survival Fund (PSF), Privatization and Management Office (PMO), Ralph Recto, senate of the philippines

AUG

23

2024

Moody’s affirmation of PH credit rating reflects strong confidence in the country’s high medium-term growth following biz-friendly reforms and fiscal consolidation

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed Moody’s recent affirmation of the Philippines’ Baa2 rating with Stable outlook, which reflects strong confidence in the country’s high medium-term growth potential due to the enactment of investment-friendly

BY Admin

COMMENT Off

TAG Build Better More, Business Process Outsourcing (BPO), CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy), Department of Finance (DOF), foreign direct investment )FDI), Gross Domestic Product (GDP), Medium-Term Fiscal Framework (MTFF), Moody's, President Ferdinand Marcos Jr, Ralph Recto

AUG

20

2024

DOF: Idle government funds should be used to benefit 115 million Pinoys

PRESS RELEASE With the government working to provide for the urgent needs of 115 million Filipinos, it is imperative that it mobilizes unused and idle funds so that these can be tapped to finance priority government health, education, and infrastructure programs. This was

BY Admin

COMMENT Off

TAG Department of Finance (DOF), government subsidy, government-owned and controlled corporations (GOCCs), PhilHealth, Ralph Recto

AUG

19

2024

Recto: Use of PhilHealth’s sleeping funds will do no harm to its members nor on its plans to expand benefit packages this year

PRESS RELEASE Finance Secretary Ralph G. Recto assured the public that the use of the Philippine Health Insurance Corporation (PhilHealth)’s sleeping funds for the government’s priority programs and projects will do no harm to its members nor on its plans to expand its benefit

BY Admin

COMMENT Off

TAG Department of Finance (DOF), General Appropriations Act (GAA), government-owned and controlled corporations (GOCCs), Gross Domestic Product (GDP), PhilHealth, Ralph Recto, Unprogrammed Appropriations (UA)

Press Releases