RalphRecto.Ph

SEP

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

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

SEP

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

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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)

SEP

2024

Recto secures financing for value chain innovation project to fight poverty in 86 agrarian reform communities

PRESS RELEASE Finance Secretary Ralph G. Recto has secured financing from the International Fund for Agricultural Development (IFAD) for a project that will help 86 agrarian reform communities in South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos

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TAG Agrarian Reform Communities (ARC), Cordillera Administrative Region (CAR), DAR Secretary Conrado Estrella III, Department of Agrarian Reform (DAR), Department of Agriculture (DA), Department of Finance (DOF), Department of Interior and Local Government (DILG), DOF Undersecretary Joven Balbosa, DOF Undersecretary Maria Luwalhati Dorotan-Tiuseco, IFAD Country Director Umit Mansiz, IFAD President Alvaro Lario, International Fund for Agricultural Development (IFAD), Local Government Units (LGUs), National Economic Development Authority (NEDA), Ralph Recto, SOCCSKSARGEN, Value Chain Innovation for Sustainable Transformation in Agrarian Reform Communities (VISTA)

SEP

2024

Recto: Slower inflation in August shows effectiveness of targeted interventions to stabilize food prices, gov’t to maintain the momentum by remaining vigilant

PRESS RELEASE Finance Secretary Ralph G. Recto has emphasized that the slower inflation rate in August 2024 demonstrates the effectiveness of the government’s targeted interventions to stabilize food prices, and assured the public that it will sustain the downward momentum

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TAG African swine fever (ASF), Bangko Sentral ng Pilipinas (BSP), Budget and Management Ubaida C. Pacasem, Bureau of Customs (BOC), Department of Finance (DOF), inflation, KADIWA ng Pangulo (KNP), La Niña, Ralph Recto, Rice Competitiveness Enhancement Fund (RCEF), rice tariffs

SEP

2024

Recto: Gov’t financing measures always aim to ensure capacity to meet Filipinos’ primary needs

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that whatever measures by the Department of Finance (DOF) to source financing for public programs and projects are always guided by the principle that they will never compromise the government’s ability to meet the

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TAG Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Commission on Audit (COA), Comprehensive Tax Reform Program (CTRP), Department of Finance (DOF), Excise Tax on Single-use Plastics, Foundation for Economic Freedom (FEF), General Appropriations Act (GAA), Governance Commission for GOCCs (GCG), government-owned and controlled corporations (GOCCs), Medium Term Fiscal Program, Motor Vehicle User's Charge (MVUC), Office of the Government Corporate Counsel (OGCC), PhilHealth, Philippine Deposit Insurance Corporation (PDIC), Ralph Recto, Rationalization of the Mining Fiscal Regime, VAT on foreign digital service providers

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

Republic of the Philippines Prices 5.5-Year, 10.5 Year and 25-Year (Sustainable) US Dollar Global Bonds

PRESS RELEASE MANILA, Philippines – The Republic of the Philippines (the “Republic”) successfully returned to the international capital markets for the second time in 2024 with its USD 2.5 billion triple-tranche 5.5-year, 10.5-year, and 25-year SEC-registered

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TAG Department of Finance (DOF), Fitch, Fixed Rate Global Bonds, Moody's, National Treasurer Sharon Almanza, Ralph Recto, Standard & Poor's, Sukuk

AUG

2024

Recto: PH to set a gold standard for climate finance and action globally with new Loss and Damage Fund Board law

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Philippines is set to establish a gold standard for climate finance and action globally with the recent enactment of the Loss and Damage Fund (LDF) Board Act that enables its hosting of the Board. “The LDF

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TAG Department of Finance (DOF), LDF Board Act, Loss and Damage Fund (LDF), President Ferdinand Marcos Jr, Ralph Recto, World Bank (WB)

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

Recto leads high-level meeting of Finance Ministers for climate action, urges peers to drive integrated solutions that bring climate resilience and poverty eradication together

PRESS RELEASE Finance Secretary Ralph G. Recto has urged his fellow Finance Ministers to drive integrated solutions that bring climate action and poverty eradication all together, stressing the need to balance economic development and climate resilience during a high-level

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