The Philippines and the Lao People’s Democratic Republic (PDR) successfully conducted the first round of negotiations for its Double Taxation Agreement (DTA) on December 4-6, 2024 in Luang Prabang, Lao…
Finance Secretary Ralph G. Recto is optimistic about the Philippines' economic prospects in 2025, fueled by the recent enactment of two key laws aimed at boosting the tourism industry and…
Finance Secretary Ralph G. Recto highlighted the sustained strength of the country’s labor market as the unemployment rate fell to 3.9% in October 2024, bringing the year-to-date average to 4.0%—well…
Finance Secretary Ralph G. Recto highlighted that the country’s inflation rate stays firmly within the target range, reflecting the government’s effective interventions to ease supply pressures for key food items,…
25.11.2024 Intramuros, Manila, Philippines The Philippines and the European Union (EU) convened the Fourth Meeting of the Sub-Committee on Development Cooperation in Manila, Philippines on November 25, 2024, wherein both…
Finance Secretary Ralph G. Recto has recently sealed a financing agreement with the World Bank - International Bank for Reconstruction and Development (WB-IBRD) to rebuild over 3,000 climate-resilient schools damaged…
November 26, 2024 The Philippines' economic managers welcomed the news that S&P Global Ratings (S&P) has raised the Philippines' credit rating outlook to "positive," indicating a possible upgrade to an…
Finance Secretary Ralph G. Recto has emphasized that Standard & Poor’s (S&P) recent affirmation of the Philippines’ BBB+ credit rating and its upgrade of the outlook to Positive from Stable…
Finance Secretary Ralph G. Recto has lauded the Governance Commission for Government-Owned and Controlled Corporations (GCG) for raising the bar of corporate governance in GOCCs, transforming them into profitable partners…
