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The Department of Finance (DOF) presented to industry stakeholders a win-win solution to address climate change with its proposal to impose an excise tax on single-use plastic bags (SUPs).
Finance Secretary Ralph G. Recto has welcomed the recent signing of the Public-Private Partnership (PPP) Code implementing rules and regulations (IRR) and underscored that it will open the floodgates for a non-stop influx of strategic and high-quality investments that will benefit all Filipinos.
Finance Secretary Ralph G. Recto called upon economic journalists to uphold the principle of fairness in their reporting of economic and fiscal affairs, recognizing their key role in shaping public understanding and better policymaking.
Finance Secretary Ralph G. Recto has expressed optimism on the World Economic Forum’s (WEF) bullishness on the Philippines which forecasts the country to be well on its way to becoming a USD 2-trillion economy in the coming decade during its Country Roundtable in Manila on March 19, 2024.
Finance Secretary Ralph G. Recto has urged the members of the press to partner with the Department of Finance (DOF) in communicating to the public, in understandable terms, the complete picture of the Philippines’ promising economic story and the reasons behind the government’s optimism.
Finance Secretary Ralph G. Recto warmly welcomed global leaders and decision makers who flew all the way to Manila to participate in the World Economic Forum (WEF) Country Roundtable on the Philippines and shared a glimpse of the country’s promising growth journey during a dinner reception on March 18, 2024.
Finance Secretary Ralph G. Recto expressed confidence that the Ninoy Aquino International Airport (NAIA) is on its way to becoming one of the world’s best airports where all passengers will receive full VIP treatment following the signing of the NAIA public-private partnership (PPP) Concession Agreement on March 18, 2024.
The Department of Finance (DOF) engaged finance sector stakeholders in a briefing on March 1, 2024 on the proposed Package 4 of the Comprehensive Tax Reform Program (CTRP) that will simplify the tax structure on passive income and certain instruments and other financial products.