RalphRecto.Ph

JUN

2024

Recto welcomes new law bringing a just, equitable, and efficient real property valuation system in PH–empowering LGUs to be financially self-sufficient

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

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TAG Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF), Department of Finance (DOF), International Valuation Standards (IVS), Local Government Units (LGUs), President Ferdinand Marcos Jr, Ralph Recto, Real Property Information System (RPIS), Real Property Tax Administration Fund (RPTAF), Real Property Valuation and Assessment Reform Act. (RPVARA), Register of Deeds, Republic Act No. 12001, Senate President Francis "Chiz" Escudero, Speaker Martin Romualdez, Special Education Fund

JUN

2024

Recto welcomes digitalization focus of the Philippine Public Financial Management Reforms Roadmap 2024-2028 for a more efficient and effective gov’t service delivery

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

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TAG ADB Philippine Country Director Pavit Ramachandran, Asian Development Bank (ADB), Budget Treasury and Management System (BTMS), Bureau of Treasury (BTr), Commission on Audit (COA), DBM Secretary Amenah Pangandaman, Deparment of Budget and Management (DBM), Department of Finance (DOF), Information Technology (IT), Integrated Financial Management Information System (IFMIS), National Economic Development Authority (NEDA), Office of the President, Philippine Public Financial Management (PFM) Reforms Roadmap 2024-2028, President Ferdinand Marcos Jr, Public Expenditure and Financial Accountability (PEFA+++) Assessment, Public Financial Management Competency Program (PFMCP), Ralph Recto

JUN

2024

Recto: Fitch’s affirmation of the PH at ‘BBB’ with Stable outlook signals strong medium-term growth momentum, a big win for all Filipinos

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

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TAG debt-to-GDP, Department of Finance (DOF), fiscal deficit-to-GDP, Fitch Ratings, Gross Domestic Product (GDP), President Ferdinand Marcos Jr, Ralph Recto

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: Luzon Economic Corridor to draw in more investments and support PH’s vibrant labor market, boosting job creation in manufacturing and construction

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Luzon Economic Corridor, a major infrastructure undertaking by the government, will draw in more investments that will support the Philippines’ vibrant labor market by boosting job creation in the

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TAG Apprenticeship Bill, Build Better More, Department of Finance (DOF), Enterprise Productivity Act, Executive Order No. 59, Foreign Investment Promotion and Marketing Plan (FIPMP), Infrastructure Flagship Projects (IFPs), Lifelong Learning Bill, Luzon Economic Corridor, National Economic Development Authority (NEDA), President Ferdinand Marcos Jr, Ralph Recto, Trabaho Para sa Bayan Act

MAY

2024

Recto upbeat on PH econ outlook supported by a more open and liberalized investment policy landscape to lift 14M Filipinos out of poverty

PRESS RELEASE Finance Secretary Ralph G. Recto is upbeat on the Philippines’ bright economic outlook supported by a more open and liberalized investment policy landscape, which is part of the government’s growth-enhancing strategies aimed at lifting 14 million Filipinos out of

MAY

2024

Recto welcomes UNSGSA Queen Máxima’s support for DOF to widen financial inclusion and ensure financial protection among Filipinos by digitizing gov’t payments and keeping financial services affordable

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) for the Department of Finance (DOF) to accelerate the

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TAG Bangko Sentral ng Pilipinas (BSP), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Department of Finance (DOF), Department of Information and Communications Technology (DICT), Ease of Paying Taxes (EOPT) Act, Free Public WiFi Act, Gross Domestic Product (GDP), Insurance Commission (IC), Micro- Small and Medium Enterprises (MSMEs), President Ferdinand Marcos Jr, Queen Maxima of the Netherlands, Ralph Recto, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA), World Bank (WB)

MAY

2024

Recto: Approval of expanded electric vehicle incentive program will enhance ease of doing business, advance PH’s climate ambitions, and generate more green jobs for Filipinos

PRESS RELEASE Recto: Approval of expanded electric vehicle incentive program will enhance ease of doing business, advance PH’s climate ambitions, and generate more green jobs for Filipinos Finance Secretary Ralph G. Recto has underscored that the recent National Economic and

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TAG Committee on Tariff and Related Matters (CTRM), Department of Finance (DOF), Electric Vehicle Industry Development Act (EVIDA), Electric Vehicles, Executive Order (EO) No. 12, hybrid electric vehicles, Land Transportation Office (LTO), National Economic Development Authority (NEDA), plug-in hybrid electric vehicles, President Ferdinand Marcos Jr, Ralph Recto, Strategic Investment Priority Plan (SIPP), Tax Reform for Acceleration and Inclusion (TRAIN) Act

MAY

2024

Recto lauds new AO enhancing import monitoring with digital pre-border verification and cross-border electronic invoicing, vows to protect PH borders from dangerous imports as committee chair

PRESS RELEASE Finance Secretary Ralph G. Recto has lauded the issuance of Administrative Order (AO) No. 23 which will significantly enhance the monitoring of imported commodities entering the Philippines through electronic means, and has vowed to protect the country’s borders

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TAG Administrative Order (AO) No. 23, Bureau of Customs (BOC), Committee for Pre-border Technical Verification and Cross-border Electronic Invoicing, Department of Agriculture (DA), Department of Energy (DOE), Department of Environment and Natural Resources (DENR), Department of Finance (DOF), Department of Health (DOH), Department of Information and Communications Technology (DICT), Department of Trade and Industry (DTI), Executive Secretary Lucas Bersamin, Philippine Drug Enforcement Agency (PDEA), President Ferdinand Marcos Jr, Ralph Recto, Testing Inspection and Certification (TIC) Companies

MAY

2024

Recto: Gov’t all hands on deck in countering the impact of El Niño on food security, proactively prepares for La Niña

PRESS RELEASE Recto: Gov’t all hands on deck in countering the impact of El Niño on food security, proactively prepares for La Niña Finance Secretary Ralph G. Recto has assured the public that the government is all hands on deck in countering the impact of El Niño on food

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TAG Bangko Sentral ng Pilipinas (BSP), Department of Agriculture (DA), Department of Finance (DOF), el nino, Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO), La Niña, National Irrigation Administration (NIA), Philippine Crop Insurance Corporation (PCIC), President Ferdinand Marcos Jr, Ralph Recto, Rice Competitiveness Enhancement Fund (RCEF)

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