Ralph Recto named new DOF secretary

Updated Fri, January 12, 2024 at 5:06 PM Published Thu, January 11, 2024 at 2:54 PM

House Deputy Speaker Ralph Recto has been appointed as the new Secretary of the Department of Finance (DOF), replacing Benjamin Diokno.

President Ferdinand "Bongbong" Marcos Jr. administered the oath of office to Recto, expressing confidence in his ability to foster economic growth and fiscal stability.

Recto also witnessed the oath-taking of Frederick Go as secretary of the new Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).

Former Senate President Manny Villar and Basilan Rep. Mujiv Hataman welcomed Recto's appointment, citing his experience and financial acumen.

Diokno expressed confidence in Recto, noting he will be leaving his post with the DOF in a better state and is set to return to the Bangko Sentral ng Pilipinas (BSP) as a member of the Monetary Board.

The Bankers Association of the Philippines (BAP) and the Philippine Chamber of Commerce and Industry (PCCI) welcomed Recto's appointment, citing his experience and hoping he will push for policies supportive of business growth.

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Ferdinand Marcos Jr.Senate Bangko Sentral ng Pilipinas Benjamin Diokno Ralph Recto Manny Villar Frederick Go

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