Ralph Recto

Ralph Recto is a prominent Filipino economist serving as Finance Secretary, known for his efforts to boost economic growth through tax cuts and privatization initiatives. He has secured significant World Bank loans to fund infrastructure and health projects in underdeveloped regions of the Philippines. Recto also plays a key role in mitigating the impact of US tariffs on Philippine exports by exploring trade agreements and tariff reductions.

This is an AI-generated summary based on recent coverage.
Last updated at April 25, 2025.

Recent stories about Ralph Recto

DOF urges IFIs to boost support for EMDEs amid global challenges

The Philippine government has called on international financial institutions (IFIs) to bolster their support for emerging markets and developing economies like the Philippines in light of increasing global challenges.
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Angkasangga Party-list secures one House seat in mid-term polls

Angkasangga Party-list is gaining traction in its campaign ahead of the upcoming mid-term elections, according to a recent OCTA Research survey.
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Philippines eyes tariff reduction, FTA with US amid Trump’s trade policies

The Philippines is considering lowering tariffs on US goods in response to President Donald Trump's 10% baseline tariff and is eyeing a possible Free Trade Agreement (FTA) with the United States.
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Philippine economy resilient against US tariffs

The Philippine government remains optimistic about its economy's resilience against potential disruptions from US President Donald Trump's new tariff policies despite a 17% tariff on Philippine exports starting April 9.
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Recto: SC order on P60B PhilHealth funds poses economic risks

Finance Secretary Ralph Recto stated on Wednesday that the government would comply with a Supreme Court order to return P60 billion in idle PhilHealth funds but warned about potential economic repercussions.
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Recto defends PhilHealth fund transfer before SC

Finance Secretary Ralph Recto defended the transfer of unused PhilHealth funds and other government-owned corporations' funds into the national treasury during an appearance before the Supreme Court on Wednesday.
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SC justice shares PhilHealth struggles amid UHC law

Supreme Court Associate Justice Jhosep Lopez shared his personal experience with PhilHealth during a hearing on the transfer of P89.9 billion in PhilHealth funds to the National Treasury, highlighting the promise of Universal Health Care (UHC) law which aims to ensure no Filipino family suffers due to illness.
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PhilHealth transfers P89B to natl treasury, sparks const. debate

The transfer of funds from PhilHealth to the national treasury has sparked debates over its constitutionality and the government's handling of unprogrammed appropriations.
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Gov't debt hits P16.31T, domestic borrowings 67.9%

As of January 2025, the national government's outstanding debt reached a record high of P16.31 trillion due to increased borrowings and currency depreciation.
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Philippines optimistic for US support in LEC

The Philippines is optimistic about continued U.S. support for the Luzon Economic Corridor (LEC) under the Trump administration.
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