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

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…

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Recto: Gov’t carefully balancing inflation mitigation measures, conducts regular review and adjustment of policies to protect Filipinos’ purchasing power

Finance Secretary Ralph G. Recto assured the public that the government is carefully balancing food and non-food inflation mitigation measures by conducting regular reviews and adjustments of policies to ensure…

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

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…

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Keynote Speech
Philippine Economic Briefing in Manila

Ralph G. Recto Secretary of Finance May 27, 2024 Fellow workers in government; members of the diplomatic corps; development partners; friends in the private sector and the media: good afternoon.…

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Keynote Speech
Philippine Economic Briefing in Manila

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

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…

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Recto inks 5 financing agreements for local climate adaptation projects, PSF Board approves 2 new grant-funded projects––fully committing the PHP 1B-PSF budget

Finance Secretary and People’s Survival Board (PSF) Chair Ralph G. Recto has signed five financing agreements for local climate adaptation projects, while two new provinces have received project approvals, fully…

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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 Development Authority (NEDA) Board decision to expand the electric vehicle incentive program under Executive Order (EO) No.…

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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

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,…

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