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PRESS RELEASE Finance Secretary Ralph G. Recto has celebrated Japan’s Rating and Investment Information, Inc.’s (R&I) recent upgrade of the Philippines’ credit rating to A- with stable outlook, which reflects robust investor confidence in the country’s high economic growth,

PRESS RELEASE August 8, 2024 Finance Secretary Ralph G. Recto has underscored that the Philippine economy is once again among the frontrunners in the ASEAN region, posting a strong year-on-year (yoy) growth of 6.3% in the second quarter of 2024 driven by robust construction and

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the implementation of an interagency data-sharing system that will facilitate a more efficient and modernized tax administration process, helping the government boost much-needed revenues to accelerate the nation’s

PRESS RELEASE Finance Secretary Ralph G. Recto has joined President Ferdinand R. Marcos, Jr. in a site visit at the Public-Private Partnership (PPP)-led Upper Wawa Dam project—the biggest water source project in the country in over 50 years that will ensure sustainable access to

IN PHOTOS: Finance Secretary Ralph G. Recto met with senior officials of SMBC and SMBC Nikko on June 21, 2024 at their Tokyo headquarters to explore opportunities for investments and collaboration in the country’s fundraising activities. SMBC is a leading Japanese bank, and

PRESS RELEASE Finance Secretary Ralph G. Recto convened the inaugural committee meeting to operationalize the Pre-border Technical Verification and Cross-border Electronic Invoicing Systems under Administrative Order (AO) No. 23, series of 2024 on June 11, 2024 at the Department

PRESS RELEASEFinance Secretary Ralph G. Recto has welcomed the enactment of the Real Property Valuation and Assessment Reform Act, which was signed into law as Republic Act No. (RA) 12001 by President Ferdinand R. Marcos, Jr. on June 13, 2024, to establish a just, equitable, and

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the digitalization initiatives under the Philippine Public Financial Management (PFM) Reforms Roadmap 2024-2028 for a more efficient and effective government service delivery for Filipinos. “I thank the ADB for helping

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed Fitch Ratings’ recent affirmation of the Philippines’ BBB credit rating with stable outlook, which signals strong growth momentum in the medium term and a big win for ordinary Filipinos as it translates to more

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