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PRESS RELEASE Finance Secretary Ralph G. Recto has secured financing agreements with the Japan International Cooperation Agency (JICA) for two big-ticket infrastructure projects under President Ferdinand R. Marcos, Jr.’s Build Better More program that will help drive inclusive

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the recent signing of the Public-Private Partnership (PPP) Code implementing rules and regulations (IRR) and underscored that it will open the floodgates for a non-stop influx of strategic and high-quality investments

PRESS RELEASE Finance Secretary Ralph G. Recto has urged the members of the press to partner with the Department of Finance (DOF) in communicating to the public, in understandable terms, the complete picture of the Philippines’ promising economic story and the reasons behind the

by Secretary of Finance Ralph G. RectoMarch 21, 2024 EJAP President Neil Jerome Morales; friends in the media: good evening and welcome to the DOF.  Although our venue tonight is a workplace, I hope that shoptalk will be kept at a minimum. In that spirit, I have even purged

PRESS RELEASE Finance Secretary Ralph G. Recto expressed confidence that the Ninoy Aquino International Airport (NAIA) is on its way to becoming one of the world’s best airports where all passengers will receive full VIP treatment following the signing of the NAIA public-private

By Finance Secretary Ralph G. Recto Senate President Juan Miguel Zubiri; Vice Chairman Ramon Guico, Jr., Honorable Members of the Commission from the bigger and brighter House, and from the smaller and smarter house. Magandang umaga po sa inyong lahat. In taking this hot seat, I

Press Release Finance Secretary Ralph G. Recto received a smooth-sailing confirmation from the Commission on Appointments (CA) on March 13, 2024 and has committed to pursuing growth-enhancing fiscal consolidation through plugging tax leaks, improving tax administration,

PRESS RELEASEPresident Ferdinand R. Marcos, Jr. has appointed a new roster of high-caliber senior officials in the Department of Finance (DOF) who would support Finance Secretary Ralph G. Recto in ensuring long-term fiscal sustainability and accelerating inclusive economic

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the quality of jobs in the Philippines has continued to improve as more Filipinos are engaged in formal and stable work—representing the largest portion of the employed workforce in the country, according to the

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ investment-grade credit rating of “A-” with a stable outlook is a strong vote of confidence in President Ferdinand R. Marcos, Jr.’s