News

Recto on PH recording lowest inflation rate of 1.9% in 4 years: Gov’t vows to keep prices affordable to ensure a merry Christmas for all Filipinos

Finance Secretary Ralph G. Recto has welcomed the sharp drop in the country’s inflation rate to 1.9% in September 2024––the lowest in four years––and vowed to intensify whole-of-government efforts to…

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October 4, 2024
Read more about the article Recto on PH recording lowest inflation rate of 1.9% in 4 years: Gov’t vows to keep prices affordable to ensure a merry Christmas for all Filipinos
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Recto: Value-added tax law on digital services ensures equitable tax treatment on all digital businesses, boosts revenue collections for national development

Finance Secretary Ralph G. Recto lauds the enactment of a new law that will ensure equitable tax treatment on all digital businesses providing services in the Philippines and boost much-needed…

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October 2, 2024
Read more about the article Recto: Value-added tax law on digital services ensures equitable tax treatment on all digital businesses, boosts revenue collections for national development
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DOF leads the preparation of tax admin transition plan for BARMM, readies the region for digitalized tax system for efficient revenue payment and collection

The Department of Finance (DOF) is leading the preparation of the Tax Administration Transition Plan for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) which includes the establishment of a…

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September 25, 2024
Read more about the article DOF leads the preparation of tax admin transition plan for BARMM, readies the region for digitalized tax system for efficient revenue payment and collection
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DOF leads inaugural joint working group meeting with India to advance the PH’s FinTech sector and boost financial inclusion for Filipinos

The Department of Finance (DOF) led the first inaugural meeting of the joint working group (JWG) on financial technology (FinTech) with the Indian Government on September 12, 2024 in New…

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September 24, 2024
Read more about the article DOF leads inaugural joint working group meeting with India to advance the PH’s FinTech sector and boost financial inclusion for Filipinos
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Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service

Finance Secretary Ralph G. Recto has thanked the House of Representatives’ Committee on Appropriations panel for endorsing the Department of Finance’s (DOF) PHP 33.75-billion budget for fiscal year 2025 which…

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September 17, 2024
Read more about the article Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service
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Recto: ADB’s new country partnership strategy reflects strong friendship and deep understanding of the PH’s development needs

Finance Secretary and Asian Development Bank (ADB) Governor for the Philippines Ralph G. Recto welcomed the launching of the ADB’s new country partnership strategy for the Philippines, which reflects its…

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September 13, 2024
Read more about the article Recto: ADB’s new country partnership strategy reflects strong friendship and deep understanding of the PH’s development needs