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.
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TAG Amendments to the Agricultural Tariffication Act, Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Bureau of Plant Industry (BPI), Department of Agriculture (DA), Department of Finance (DOF), Department of Tourism (DOT), Department of Trade and Industry (DTI), Department of Transportation (DOTr), National Economic Development Authority (NEDA), National Food Authority (NFA), National Internal Revenue Code (NIRC), National Irrigation Administration (NIA), National Price Coordinating Council (NPCC), Philippine Statistics Authority (PSA), President Ferdinand Marcos Jr, R.A. 12078, R.A. 12079, Ralph Recto, Rice Competitiveness Enhancement Fund (RCEF), Rice Tarrification Law, Value-added Tax (VAT) Refund Mechanism for Non-Resident Tourist Act