Tag

PRESS RELEASE Finance Secretary Ralph G. Recto has credited the easing of the 2024 average inflation rate to 3.2%—well within target—to effective government interventions that sustained the moderation of rice prices, providing much-needed relief to low-income families. The

PRESS RELEASE The Department of Finance (DOF) has commended the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) for maintaining their strong financial position, making them even more well-equipped to provide more services to

PRESS RELEASE The much-awaited enactment of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act in 2024 is one of the Marcos, Jr. administration’s biggest Christmas and New Year’s gifts to both local

PRESS RELEASE The Marcos Jr. administration has made 2024 a banner year for economic achievements and has once again successfully positioned the Philippines as among the fastest-growing economies in Asia despite global challenges such as geopolitical tensions. “2024 is a year of

Finance Secretary Ralph G. Recto highlighted that the country’s inflation rate stays firmly within the target range, reflecting the government’s effective interventions to ease supply pressures for key food items, especially rice. “We are very much on track in keeping our

PRESS RELEASE Finance Secretary Ralph G. Recto has emphasized that the slower inflation rate in August 2024 demonstrates the effectiveness of the government’s targeted interventions to stabilize food prices, and assured the public that it will sustain the downward momentum

PRESS RELEASE Finance Secretary Ralph G. Recto has given recognition to the Landbank of the Philippines (LANDBANK)’s outstanding cooperatives, micro, small and medium enterprises (MSMEs), financial institutions, corporations, and farmers as strong partners in spreading economic

EJAP President Neil Jerome Morales; fellow workers in government; and friends from the media: good morning. It’s very nice to see all of you again.  In the past six months that I have been Secretary of Finance, we have already made countless policy decisions. And I have seen

PRESS RELEASE Finance Secretary Ralph G. Recto has told economic journalists that the government will exhaust its power to ensure that the next generations of Filipinos will not inherit the same challenges of today, and has called on them to continue fair and insightful reporting

PRESS RELEASE Finance Secretary Ralph G. Recto has expressed optimism that the inflation rate will remain within the government’s target band in 2024 after its decline in June, with the persistent implementation of whole-of-government interventions to ensure that the purchasing