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Recto: No new tax on junk food, sweetened drinks

Finance Secretary Ralph Recto is not inclined to impose additional consumption-based taxes such as on junk food and sweetened beverages as these measures can be inflationary, while the debt level remains manageable and does not warrant extra burden on Filipinos......»»

Category: newsSource:  philstarRelated NewsJan 24th, 2024

Recto backs MUP pension for new entrants only

Finance Secretary Ralph Recto is pushing for changes in the pension scheme of military and uniformed personnel (MUP), but only for new entrants, in yet another deviation from his predecessor......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Recto floats FTA with US executives

Finance Secretary Ralph Recto has floated the potential of a free trade agreement with the United States as he seeks more economic and investment opportunities with the world’s biggest economy......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Recto joins BSP’s Monetary Board

Newly appointed Finance Secretary Ralph Recto has formally assumed the role of the government’s representative to the seven-member Monetary Board, the highest policy-making body of the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 22nd, 2024

‘No call yet for special poll in Recto’s district’

The sixth district of Batangas will have no representation at the House of Representatives in the meantime pending a call to fill the vacancy created by the appointment of Ralph Recto as finance secretary......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2024

What to expect from Sec. Ralph Recto leadership at DOF

Former senator, former NEDA Secretary, congressman, and deputy speaker until this week, and now Secretary of the Department of Finance (DOF), Ralph Recto has a colorful and multiple experience in both the Legislative and Executive branches of the government......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Diokno turns over DOF helm to Recto

Secretary Ralph Recto started the ball rolling as he formally took over the helm of the Department of Finance, with former DOF chief and now Monetary Board member Benjamin Diokno handing over the agency in a simple ceremony yesterday......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Ralph Recto sworn in as new Secretary of Department of Finance

House Deputy Speaker Ralph Recto [link] was sworn in as the new Secretary of the Department of Finance on Friday, replacing the former Secretary, Benjamin Diokno, in a move that has been seemingly in the works for quite some time......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

Imee hopes Recto won’t push for additional taxes

Sen. Imee Marcos is urging newly appointed Finance Secretary Ralph Recto to strengthen the country’s tax collection system first, instead of talking about “trillions of taxes.”.....»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

PSE looks forward to capital market reforms with Recto

The Philippine Stock Exchange said it is looking forward to working with newly appointed Finance Secretary Ralph Recto in introducing reforms that would further deepen the capital market......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

Recto urged to pursue progressive taxes

Newly appointed Finance Secretary Ralph Recto should backpedal from pursuing consumption-based taxes and instead focus on more progressive ones in order to generate revenues amid the country’s limited fiscal space, economists said......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

What took Ralph Recto so long?

It was in September last year when Ralph Recto’s name appeared in a thread among individuals who wield enough influence on the powers-that-be. No, they’re not part of the government but consider them as little presidents, consigliere or kingmakers of sorts......»»

Category: newsSource:  philstarRelated NewsJan 13th, 2024

Recto to prioritize pending tax reforms

Newly appointed Finance Secretary Ralph Recto has committed to focusing on tax measures deemed a priority by President Marcos......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

Rep. Ralph Recto itinalagang bagong finance secretary

MAY napili na si Pangulong Bongbong Marcos na bagong uupong hepe para sa Department of Finance (DOF). Kinumpirma ng Malacañang na ang itinalagang bagong finance secretary ay ang Deputy Speaker at Batangas Representative na si Ralph Recto. Ayon kay Presidential Communications Office Secretary Cheloy Garafil, nakatakdang manumpa sa pwesto si Rep. Ralph ngayong January 12......»»

Category: newsSource:  inquirerRelated NewsJan 12th, 2024

EDITORIAL - Cabinet changes

Validating rumors that have been circulating since late last year, former Batangas congresswoman Vilma Santos-Recto confirmed yesterday that President Marcos is replacing Benjamin Diokno with her husband, House Deputy Speaker Ralph Recto as secretary of finance......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

Repression Increased in Asia in 2023, Human Rights Watch Says

Governments across Asia grew more repressive last year, emboldened by Western countries eager to curry favor with allies that might help check China's rise and taking increasingly brazen steps to silence their critics abroad, Human Rights Watch says in a new report.In its World Report 2024, launched Thursday morning in New York, the advocacy group takes stock of the human rights situation in more than 100 countr.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

Repression Increased in Asia in 2023, Human Rights Watch Says

Governments across Asia grew more repressive last year, emboldened by Western countries eager to curry favor with allies that might help check China's rise and taking increasingly brazen steps to silence their critics abroad, Human Rights Watch says in a new report.In its World Report 2024, launched Thursday morning in New York, the advocacy group takes stock of the human rights situation in more than 100 countr.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Duterte puts Philippines under quarantine, says we are in the fight of our lives

Duterte puts Philippines under quarantine, says 'we are in the fight of our lives' Reuters.....»»

Category: newsSource:  inquirerRelated NewsMar 17th, 2024

Marcos-Duterte rival rallies ‘a disgusting display of political ambitions,’ says lawmaker

Amid the growing rift, a lawmaker asserted that Filipinos are bearing the brunt of the ongoing political play. The post Marcos-Duterte rival rallies ‘a disgusting display of political ambitions,’ says lawmaker appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJan 29th, 2024

Philippine central bank holds key interest rates

MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 2024