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Recto: PH remains a frontrunner in ASEAN growing the fastest by 5.7% in Q1 2024 with industry as the brightest spot driven by strong domestic manufacturing

Finance Secretary Ralph G. Recto has underscored that the Philippine economy is once again a frontrunner in the ASEAN region posting the highest growth of 5.7% in the first quarter…

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May 9, 2024
Read more about the article Recto: PH remains a frontrunner in ASEAN growing the fastest by 5.7% in Q1 2024 with industry as the brightest spot driven by strong domestic manufacturing
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Recto: Strong labor market improvements a sign of thriving and more inclusive economy, gov’t initiatives to enhance the ease of doing biz in PH will bring in more high-quality jobs for Filipinos

Finance Secretary Ralph G. Recto has referred to the strong labor market improvements in the latest Labor Force Survey (LFS) as a sign of a thriving and more inclusive economy…

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May 8, 2024
Read more about the article Recto: Strong labor market improvements a sign of thriving and more inclusive economy, gov’t initiatives to enhance the ease of doing biz in PH will bring in more high-quality jobs for Filipinos
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DOF secures technical assistance commitment from OPEC Fund to address right-of-way issues to support the smooth implementation of big-ticket infra projects 

The Department of Finance (DOF) has secured a commitment from the OPEC Fund for International Development (OPEC Fund) for technical assistance to address right-of-way (ROW) acquisition issues to support the…

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May 7, 2024
Read more about the article DOF secures technical assistance commitment from OPEC Fund to address right-of-way issues to support the smooth implementation of big-ticket infra projects 
Featured / News

Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes

Finance Secretary Ralph G. Recto has successfully collected PHP 88.6 billion from 47 Government-Owned- or Controlled Corporations (GOCCs) as of May 6, 2024––eleven times higher than 2023 and a major…

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May 6, 2024
Read more about the article Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes
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DOF leads conclusion of PH-Cambodia double taxation agreement to protect Filipinos’ taxing rights and increase trade and investment across economic borders

The Department of Finance (DOF) has led the conclusion of the draft double taxation agreement (DTA) between the Philippines and Cambodia on April 19, 2024 to protect Filipinos’ taxing rights…

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May 3, 2024
Read more about the article DOF leads conclusion of PH-Cambodia double taxation agreement to protect Filipinos’ taxing rights and increase trade and investment across economic borders
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DOF eyes to execute around USD 1.5B-worth of projects with JICA for 2024-2025, to facilitate signing of 4 major loan agreements within the year

The Department of Finance (DOF) eyes to execute at least around USD 1.5 billion-worth of pipeline projects with the Japan International Cooperation Agency (JICA) for 2024-2025, and is working towards…

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May 2, 2024
Read more about the article DOF eyes to execute around USD 1.5B-worth of projects with JICA for 2024-2025, to facilitate signing of 4 major loan agreements within the year
Featured / News

Recto pays tribute to predecessors, highlights their crucial roles in keeping the economy strong and stable throughout periods of crisis

Finance Secretary Ralph G. Recto has paid tribute to his predecessors during a dinner reception for past Department of Finance (DOF) secretaries and officials, highlighting their crucial roles in keeping…

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April 30, 2024
Read more about the article Recto pays tribute to predecessors, highlights their crucial roles in keeping the economy strong and stable throughout periods of crisis