RalphRecto.Ph

DEC

10

2024

Philippines and Lao PDR successfully conduct first round of negotiations for a double taxation agreement

PRESS RELEASE The Philippines and the Lao People’s Democratic Republic (PDR) successfully conducted the first round of negotiations for its Double Taxation Agreement (DTA) on December 4-6, 2024 in Luang Prabang, Lao PDR. The Department of Finance (DOF) led the negotiations for

BY Admin

COMMENT Off

TAG ASEAN Forum on Taxation, Brunei Darussalam, Bureau of Internal Revenue (BIR), Department of Finance (DOF), Double Taxation Agreement (DTA), Indonesia, Lao People's Democratic Republic, Malaysia, Ralph Recto, Singapore, Thailand, Vietnam

DEC

09

2024

Recto sees stronger economy in 2025 with the enactment of new laws that will boost the tourism industry and local spending, and enhance food security

PRESS RELEASE Finance Secretary Ralph G. Recto is optimistic about the Philippines’ economic prospects in 2025, fueled by the recent enactment of two key laws aimed at boosting the tourism industry and local spending as well as strengthening food security in the country.

DEC

06

2024

Recto: PH labor force remains vibrant as unemployment rate continues to drop way below the 2024 full-year target

Finance Secretary Ralph G. Recto highlighted the sustained strength of the country’s labor market as the unemployment rate fell to 3.9% in October 2024, bringing the year-to-date average to 4.0%—well below the full-year target range. The Philippine Development Plan sets the

BY Admin

COMMENT Off

TAG CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy), Department of Energy (DOE), Department of Finance (DOF), Department of Labor and Employment (DOLE), Enterprise-Based Education and Training (EBET) Framework Act, Green Skills for Green Jobs program, Information Technology and Business Process Association of the Philippines (IBPAP), National Economic Development Authority (NEDA), Philippine Development Plan, Ralph Recto, Trabaho Para sa Bayan (TPB) Plan

OCT

09

2024

Recto receives highest Asia CEO Award for public sector, dedicates prestigious recognition to DOF family

PRESS RELEASE Finance Secretary Ralph G. Recto has been chosen as this year’s Lifetime Contributor Awardee for the Public Sector—the highest recognition of the Asia CEO Awards—and has dedicated the prestigious accolade to the Department of Finance (DOF) family for its great

OCT

08

2024

Recto upbeat on 1.45M new jobs created for Filipinos in August, expects more employment opportunities for all as inflation drops and holiday season kicks in

PRESS RELEASE Finance Secretary Ralph G. Recto expressed optimism over the 1.45 million new jobs created for Filipinos in August 2024, anticipating even more employment opportunities as inflation drops to a four-year low and the holiday season approaches. “I am very glad of the

BY Admin

COMMENT Off

TAG CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy), Department of Finance (DOF), employment, Public-Private Partnership (PPP), Ralph Recto, underemployment, unemployment

SEP

17

2024

Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service

PRESS RELEASE Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service Finance Secretary Ralph G. Recto has thanked the House of Representatives’ Committee on Appropriations panel for

BY Admin

COMMENT Off

TAG Asian Development Bank (ADB), Bagong Pilipinas, 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), Department of Finance (DOF), General Appropriations Act (GAA), House of Representatives, Insurance Commission (IC), Local Governance Reform Project (LGRP), National Tax Research Center (NTRC), People's Survival Fund (PSF), Philippine Tax Academy (PTA), Privatization and Management Office (PMO), Ralph Recto

SEP

13

2024

Recto: ADB’s new country partnership strategy reflects strong friendship and deep understanding of the PH’s development needs

PRESS RELEASE Finance Secretary and Asian Development Bank (ADB) Governor for the Philippines Ralph G. Recto welcomed the launching of the ADB’s new country partnership strategy for the Philippines, which reflects its longstanding friendship and deep understanding of t

BY Admin

COMMENT Off

TAG ADB Philippine Country Director Pavit Ramachandran, ADB President Masatsugu Asakawa, Asian Development Bank (ADB), Bataan-Cavite Interlink Bridge, Climate Change Action Plan (CCAP), Country Partnership Strategy (CPS), DBM Secretary Amenah Pangandaman, DENR Secretary Ma. Antonia Yulo Loyzaga, Department of Finance (DOF), DepEd Secretary Sonny Angara, DPWH Secretary Manuel Bonoan, Executive Secretary Lucas Bersamin, Malolos-Clark Railway Project, NEDA Secretary Arsenio Balisacan, Official Development Assistance (ODA), President Ferdinand Marcos Jr, Ralph Recto, South Commuter Railway Project

SEP

12

2024

Recto welcomes Senate concurrence to ratify the PH’s participation in an international tax cooperation convention that will stop tax evasion and avoidance

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the passage of Senate Resolution No. 139, concurring with the ratification of the Philippines’ participation in the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), which will help stop tax evasion

BY Admin

COMMENT Off

TAG Bureau of Internal Revenue (BIR), Council of Europe, Department of Finance (DOF), Mutual Administrative Assistance in Tax Matters (MAAC, Organisation for Economic Co-operation and Development (OECD), Ralph Recto, Run After Tax Evaders (RATE), Senator Imee Marcos

SEP

10

2024

Recto meets PGH chief Dr. Gap Legaspi

IN PHOTOS: Finance Secretary Ralph G. Recto met with Philippine General Hospital (PGH) Director Gerardo “Gap” Legaspi to discuss ways on how the Department of Finance (DOF) can further support the services of the PGH and provide wider access to affordable health and medical care

BY Admin

COMMENT Off

TAG Department of Finance (DOF), Philippine General Hospital (PGH), Ralph Recto, University of the Philippines (UP), UP-PGH Director Dr. Gerardo "Gap" Legaspi

SEP

10

2024

Recto lauds PH Tax Academy for expanding training programs, urges further scale-up to boost revenue collections for national development

PRESS RELEASE Finance Secretary Ralph G. Recto has commended the Philippine Tax Academy (PTA) for expanding its training programs last year and urged the agency to further scale these efforts to strengthen public personnel’s tax administration capabilities in order to boost

BY Admin

COMMENT Off

TAG Bases Conversion and Development Authority (BCDA), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF), Continuing Professional Development (CPD), Customs Institute (CI), Customs Institute Chancellor Noemi Alcala-Garcia, Customs Institute Vice Chancellor Elizabeth Pableo, Department of Finance (DOF), Development Academy of the Philippines (DAP), Director Ma. Luisa Notario, DOF Undersecretary Maria Luwalhati Dorotan-Tiuseco, Government Owned and Controlled Corporations (GOCC), Internal Revenue Institute (IRI), International Monetary Fund (IMF), Japan Customs Training Institute, Japan International Cooperation Agency (JICA), Korea International Cooperation Agency (KOICA), LGFI Chancellor Ma. Teresa Habitan, Local Government Finance Institute (LGFI), National Tax Agency Japan, National Tax College, National Tax Research Center (NTRC), Philippine Regulation Commission (PRC), Philippine Tax Academy (PTA), Policy Development and Management Service Group OIC-Undersecretary Niño Raymond Alvina, PTA President Gil Beltran, Ralph Recto, TUV Nord, University of the Philippines Los Banos (UPLB)

Tag