The Philippines is now value-added tax (VAT) -free for foreign tourists with the recent signing of the implementing rules and regulations (IRR) for Republic Act No. 12079, or the VAT…
Finance Secretary Ralph G. Recto secured financing from Japan for big-ticket infrastructure projects as well as program budget support for health and climate change initiatives during a high-level meeting between…
The Department of Finance (DOF) has been on top of ensuring that the Philippines is equipped with the right policy tools for Environmental, Social, and Governance (ESG) compliance to take…
Finance Secretary Ralph G. Recto has called on the Insurance Commission (IC) to go beyond its regulatory role and embrace a higher mission—as the relentless guardian of the Filipino dream.…
Finance Secretary Ralph G. Recto has made a strong pitch for the country, telling global investors that now is the time, the Philippines is the place, and Filipinos are the…
Finance Secretary Ralph G. Recto underscored that the newly issued guidelines of the Privatization Council (PrC) that aim to expedite the disposition of non-performing public assets will allow the national…
Finance Secretary Ralph G. Recto has welcomed the 2.6 million additional jobs created for Filipinos at the start of 2025, expressing optimism over the rising participation of youth in the…
Finance Secretary Ralph G. Recto has welcomed the sharp drop in inflation to 2.1% in February 2025, calling it a major win for lower-income households as it provides much-needed relief,…
Solicitor General Menardo I. Guevarra has underscored before the Supreme Court that the majority of the Philippine Health Insurance Corporation’s (PhilHealth) PHP 60 billion excess funds remittance to the National…
Finance Secretary Ralph G. Recto has lauded the Philippines' successful exit from the Financial Action Task Force’s (FATF) grey list, which is a significant step for the country to secure…
