RalphRecto.Ph

DEC

2024

PBBM admin secures efficient and concessional financing in 2024 for the Build Better More program, various development projects

PRESS RELEASE The Marcos, Jr. administration has successfully secured concessional official development assistance (ODA) financing and grants from development partners in 2024 to fund the high-impact infrastructure projects under the Build Better More program as well as other

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TAG AI-based Flood Forecasting and Warning System in the Laoag River Basin, Artificial Intelligence (AI)-based systems in agriculture, Bataan-Cavite Interlink Bridge, Build Better More, Build Universal Healthcare (UHC) Program, Capacity Development of Public Utility Vehicles (PUV) in Metro Manila and its Adjoining Areas, Climate Change Action Program (CCAP) Subprogram 2, Dalton Pass East Alignment Road Project (DPEARP), DOF, Export-Import Bank of Korea, France, Infrastructure for Safer and Resilient Schools Project, Integrated Urban Climate Action for Lower-Carbon and Resilient Cities (Urban-Act) Project, Korea, Laguna Lakeshore Road Network Project, Maritime Safety Capability Improvement Project, Master Plan on Comprehensive Sewerage System Development for Metro Cebu of the Metropolitan Cebu Water District, Metro Manila Subway Project, New Dumaguete Airport Development Project, Official Development Assistance (ODA), Partnership for Peace and Development in Mindanao, Philippines' First and Second Digital Transformation Program, President Ferdinand Marcos Jr, Ralph Recto, Samar Pacific Coastal Road II Project, Second Sustainable Recovery Program, Sweden, Value Chain Innovation for Sustainable Transformation in Agrarian Reform Communities (VISTA)

SEP

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

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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

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

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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

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

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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

2024

DOF teams up with relevant govt agencies to promote transparency in the ODA process and monitor its impact on beneficiaries

PRESS RELEASE The Department of Finance (DOF) has teamed up with relevant government agencies to discuss ways to promote transparency in the Official Development Assistance (ODA) process and monitor the impact of its projects on beneficiaries. ODAs are loans or grants that are

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TAG Deparment of Budget and Management (DBM), Department of Finance (DOF), Department of Foreign Affairs (DFA), DOF Undersecretary Joven Balbosa, National Economic Development Authority (NEDA), Office of American Affairs (OAA), Office of European Affiars (OEA), Office of Middle East and African Affairs (OMEAA), Office of the President-Office of the Deputy Executive Secretary for General Administration (OP-ODESGA), Office of Treaties and Legal Affairs (OTLA), Official Development Assistance (ODA), Ralph Recto, United Nations and International Organizations (UNIO), Upper Middle Income Country (UMIC)

JUN

2024

Recto assures Japanese investors: CREATE MORE solves key investor concerns, to give birth to more thriving economic corridors in every corner of PH

Press Release Finance Secretary Ralph G. Recto has assured Japanese investors that the ongoing amendments to the country’s fiscal incentives system will address their key concerns, giving birth to more thriving economic corridors in every corner of the Philippines–starting with

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TAG ASEAN-JAPAN CENTRE, Asia Brewery President Michael Tan, Ayala CEO Cezar Consing, Bangko Sentral ng Pilipinas (BSP), Bases Conversion and Development Authority (BCDA), BCDA CEO Joshua Bingcang, BSP Deputy Governor Francisco Dakila Jr, CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy), DBM Secretary Amenah Pangandaman, Deparment of Budget and Management (DBM), Department of Energy (DOE), Department of Finance (DOF), Department of Trade and Industry (DTI), Department of Transportation (DOTr), DOE Undersecretary Felix Fuentebella, DOTr Secretary Jaime Bautista, Double Dragon Chairman Injap Sia, DTI Secretary Alfredo Pascual, Filinvest Development Corporation Supply Chain Management Head Andrew Gotianun III, foreign direct investment )FDI), Foreign Investments Act (FIA), Green Lane Endorsement, Japan External Trade Organization (JETRO), Japan-Philippines Economic Cooperation Committee (JPECC), Luzon Economic Corridor, Metrobank Head of Remittance and Trade Department Joseph Pelaez, Metrobank Japan Country Manager Yukinori Kojima, Mitsubishi UFJ Morgan Stanley, Mizuho, Morgan Stanley MUFG Securities Managing Director and Principal Global Economist Chiwoong Lee, National Economic Development Authority (NEDA), NEDA Secretary Arsenio Balisacan, Nomura, Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), Official Development Assistance (ODA), Philippine Airlines General Counsel Carlos Luis Fernandez, Philippine Domestic Submarine Cable Network (PDSCN), Philippine Economic Briefing (PEB) in Japan, Public Service Act (PSA), Public-Private Partnership Code (PPP Code), Ralph Recto, Rationalization of the Mining Fiscal Regime, Renewable Energy Act, Retail Trade Liberalization Act, San Miguel CEO Ramon S. Ang, Secretary Frederick Go, SM Investments Corporation Senior VP for Finance Franklin Gomez, SMBCm Daiwa Securities Group Inc., Steel Asia Manufacturing Corporation President Sean Andre Sy, Stores Specialist Group Inc. President Anthony Huang, VAT refunds, Yazaki Torres Inc. President Felcaster Torres

JUN

2024

Recto: G2G agreement of PH and France––a key poverty-fighting force to establish an inclusive future for Filipinos

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the signing of a Government-to-Government (G2G) agreement between France and the Philippines on financial and development cooperation will deliver pioneering projects that help reduce poverty and pave the way to

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TAG Agreement on Financial and Development Cooperation (AFDC), Build Better More, Department of Finance (DOF), Department of Foreign Affairs (DFA), French Ambassador Marie Fontanel, Government of France, Official Development Assistance (ODA), President Ferdinand Marcos Jr, Ralph Recto

JUN

2024

Recto conducts another site visit on infra projects, LRT-1 Cavite Extension to boost economic activity outside Metro Manila

PRESS RELEASE Finance Secretary Ralph G. Recto conducted another site visit to the government’s ongoing infrastructure projects on June 7, 2024, this time at the first phase of the Light Rail Transit (LRT) Line 1 (South) Cavite Extension Project that will help boost economic

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TAG Department of Finance (DOF), Department of Public Works and Highways (DPWH), Department of Transportation (DOTr), Dr. Santos Avenue station, Japan International Cooperation Agency (JICA), Light Rail Manila Corporation (LRMC), Light Rail Transit (LRT) Line 1 Cavite Extension Project, Light Rail Transit Authority (LRTA), Metro Manila Development Authority (MMDA), Metro Manila Subway Project, MIA Road station, Ninoy Aquino Avenue station, Official Development Assistance (ODA), PITX station, Public-Private Partnership (PPP), Ralph Recto, Redemptorist-ASEANA station, Secretary Jaime Bautista

APR

2024

Recto hits the ground running towards an inclusive future that benefits all Filipinos, introduces growth-enhancing roadmap in his first 100 days in office

PRESS RELEASE Finance Secretary Ralph G. Recto has hit the ground running towards an inclusive future that benefits all Filipinos by introducing growth-enhancing strategies in the government’s economic roadmap during his first 100 days in office. “The President has entrusted me

APR

2024

Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed

PRESS RELEASE Finance Secretary Ralph G. Recto has received full support from World Bank Group (WBG) President Ajay Banga on his key priority to fully digitalize the country’s tax system, with the Bank set to assemble a dedicated team to conduct workshop and assist the Department

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TAG Department of Finance (DOF), Official Development Assistance (ODA), President Ferdinand Marcos Jr, Public-Private Partnership (PPP), Ralph Recto, World Bank (WB)

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