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Groups urge, caution Recto on wealth tax

Finance Secretary Ralph Recto should consider taxing the wealthy if he is hell-bent on widening the country’s fiscal space, but such a move may boomerang and cost him his political goals, if any, yet again......»»

Category: newsSource:  philstarRelated NewsFeb 4th, 2024

LEDAC delay won’t affect pending reforms, says Recto

The cancelled convening of the Legislative-Executive Development Advisory Council (LEDAC) due to conflict among lawmakers will not affect pending reform measures, Finance Secretary Ralph Recto said......»»

Category: financeSource:  philstarRelated NewsJan 28th, 2024

Recto backs insurance for OFWs

The availability of insurance products should extend to overseas Filipino workers , according to Finance Secretary Ralph Recto – indicating the possible lifting of restrictions in the current framework......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

Recto: Government no plans of imposing additional taxes

Recto: Government no plans of imposing additional taxes.....»»

Category: newsSource:  sunstarRelated NewsJan 25th, 2024

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 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

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

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

Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’

“Corruption & poverty are the main reasons why we lag behind economically and politically. These problems are not created by the 1987 Constitution, but by greedy politicians who control power and money for their self-interests." The post Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’ appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsFeb 23rd, 2024

DOTr conducts preliminary evaluation of NAIA bids

All bidders eyeing the contract to operate and maintain the Ninoy Aquino International Airport have submitted complete documents for their technical proposals, inching them closer to the final round of the selection process......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

DOTr: Government, PPP projects to solve Metro traffic

The Department of Transportation has committed to solve the traffic congestion in Metro Manila through public-private partnerships after the region was ranked as the worst metro in the world in a mobility index......»»

Category: financeSource:  philstarRelated NewsJan 19th, 2024

Cebu City sets 14 road opening, widening projects worth P3.8B

  CEBU CITY, Philippines – The Cebu City government is set to implement 14 road opening and widening projects this year in a bid to ease traffic. Engr. Miralex Toribio, acting assistant city engineer of the Department of Engineering and Public Works (DEPW), disclosed that around P3.8 billion worth of road opening and widening projects.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2024

DPWH to fund P5.385B worth of projects in Lapu-Lapu in 2025

LAPU-LAPU CITY, Cebu — The Department of Public Works and Highways (DPWH) will fund P5.385 billion worth of projects for Lapu-Lapu City in 2025. These projects were submitted to Mayor Junard “Ahong” Chan during its City Development Council (CDC) meeting. The amount has four components, which consist of the Asset Preservation Program, National Road Network.....»»

Category: newsSource:  inquirerRelated NewsMar 7th, 2024