News

FSCC IDENTIFIES GLOBAL RISKS RELEVANT TO PH FINANCIAL SYSTEM

The Financial Stability Coordination Council (FSCC) held its 39th Executive Committee meeting to review offshore market developments and assess their impact on the stability of the country’s financial system. The…

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June 14, 2024
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Recto welcomes new law bringing a just, equitable, and efficient real property valuation system in PH–empowering LGUs to be financially self-sufficient

Finance Secretary Ralph G. Recto has welcomed the enactment of the Real Property Valuation and Assessment Reform Act, which was signed into law as Republic Act No. (RA) 12001 by…

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June 13, 2024
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Recto welcomes digitalization focus of the Philippine Public Financial Management Reforms Roadmap 2024-2028 for a more efficient and effective gov’t service delivery

Finance Secretary Ralph G. Recto has welcomed the digitalization initiatives under the Philippine Public Financial Management (PFM) Reforms Roadmap 2024-2028 for a more efficient and effective government service delivery for…

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June 13, 2024
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Recto: Fitch’s affirmation of the PH at ‘BBB’ with Stable outlook signals strong medium-term growth momentum, a big win for all Filipinos

Finance Secretary Ralph G. Recto has welcomed Fitch Ratings’ recent affirmation of the Philippines’ BBB credit rating with stable outlook, which signals strong growth momentum in the medium term and…

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June 10, 2024
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Recto: G2G agreement of PH and France––a key poverty-fighting force to establish an inclusive future for Filipinos

Finance Secretary Ralph G. Recto has underscored that the signing of a Government-to-Government (G2G) agreement between France and the Philippines on financial and development cooperation will deliver pioneering projects that…

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June 10, 2024
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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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June 6, 2024
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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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June 5, 2024
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