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Recto encouraged by lower 2023 poverty incidence, vows to ramp up govt’s initiatives to sustain rapid economic growth and further develop human capital

Finance Secretary Ralph G. Recto has underscored that the Philippines’ lower and better-than-expected poverty incidence in 2023 is very encouraging and has committed to ramp up government’s initiatives in sustaining…

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July 22, 2024
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Maharlika Investment Corp finalizes investment and risk management framework, secures associate membership in int’l organization of sovereign wealth funds

The Maharlika Investment Corporation (MIC) has finalized its investment and risk management framework as well as secured its associate membership in the International Forum of Sovereign Wealth Funds (IFSWF), giving…

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July 19, 2024
Read more about the article Maharlika Investment Corp finalizes investment and risk management framework, secures associate membership in int’l organization of sovereign wealth funds
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Recto welcomes the implementation of an interagency data-sharing system for a more efficient and modernized tax administration

Finance Secretary Ralph G. Recto has welcomed the implementation of an interagency data-sharing system that will facilitate a more efficient and modernized tax administration process, helping the government boost much-needed…

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July 17, 2024
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Recto: DOF to stretch every peso collected to prioritize education along with social protection, food security, and infra to produce globally competitive Bagong Pilipino

Finance Secretary Ralph G. Recto underscored that the Department of Finance (DOF) is maximizing every peso collected in its revenue efforts to prioritize funding for education along with social protection,…

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July 16, 2024
Read more about the article Recto: DOF to stretch every peso collected to prioritize education along with social protection, food security, and infra to produce globally competitive Bagong Pilipino
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DOF funds the Build Better More program through innovative and sustainable financing strategies that serve the best interests of Filipinos

The Department of Finance (DOF) has underscored that it is funding the legacy projects under the President’s Build Better More program through innovative and sustainable financing strategies that serve the…

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July 12, 2024
Read more about the article DOF funds the Build Better More program through innovative and sustainable financing strategies that serve the best interests of Filipinos
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Recto commends PHILGUARANTEE for double-digit growths in credit guarantee support and beneficiaries, underscores its instrumental role in providing marginalized groups with access to finance

Finance Secretary and Philippine Guarantee Corporation (PHILGUARANTEE) Chairperson Ralph G. Recto has commended the state firm for achieving double-digit growths in credit guarantee support and number of beneficiaries, underscoring its…

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July 11, 2024
Read more about the article Recto commends PHILGUARANTEE for double-digit growths in credit guarantee support and beneficiaries, underscores its instrumental role in providing marginalized groups with access to finance
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Recto visits PH’s biggest water source project located in Rizal, another PPP milestone that will ensure sustainable water supply for Filipinos

Finance Secretary Ralph G. Recto has joined President Ferdinand R. Marcos, Jr. in a site visit at the Public-Private Partnership (PPP)-led Upper Wawa Dam project—the biggest water source project in…

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July 10, 2024
Read more about the article Recto visits PH’s biggest water source project located in Rizal, another PPP milestone that will ensure sustainable water supply for Filipinos
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DOF thanks PBBM’s strong support in PH’s win to host Loss and Damage Fund Board, victory showcases the country’s leadership in climate finance solutions and actions

The Department of Finance (DOF) has expressed its gratitude to President Ferdinand R. Marcos, Jr. for his strong support in the Philippines’ successful bid to host the Loss and Damage…

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July 10, 2024
Read more about the article DOF thanks PBBM’s strong support in PH’s win to host Loss and Damage Fund Board, victory showcases the country’s leadership in climate finance solutions and actions