Topic

Ralph Recto

Ralph Recto is the Finance Secretary of the Philippines, known for his role in economic policy and tax reforms. He has been involved in proposals to increase tax-exempt benefits for workers and has expressed concerns over potential impacts of reducing the Value-Added Tax. Recto also addresses issues like corruption in infrastructure projects and works on improving the country's credit rating.

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This is an AI-generated summary based on recent coverage. It was last updated on Sat, October 25, 2025 at 6:09 PM

Latest Stories

Recent developments on Ralph Recto

Sat, October 25, 2025 at 1:31 PM

DOF, BIR propose higher tax-exempt benefits for workers

The Department of Finance (DOF) and Bureau of Internal Revenue (BIR) have proposed to increase the ceilings for tax-exempt benefits for employees in both the public and private sectors.

Tue, October 21, 2025 at 9:04 AM

Palace denies resignation rumors of Finance Secretary Ralph Recto

Malacañang has denied rumors circulating on social media that Finance Secretary Ralph Recto has resigned from his post.

Wed, October 15, 2025 at 12:00 AM

PDIC assets drop 18% to P278 billion due to remittances

The Philippine Deposit Insurance Corp. (PDIC) experienced an 18 percent decrease in its total assets, amounting to P278 billion in 2024.

Tue, October 14, 2025 at 5:39 PM

Finance secretary: Flood control scandal cost PH credit rating upgrade

Finance Secretary Ralph Recto believes the multibillion-peso flood control scandal prevented the Philippines from achieving a credit rating upgrade from S&P Global Ratings.

Tue, October 14, 2025 at 5:25 PM

Recto wary of VAT cut, citing revenue loss and credit rating risk

Finance Secretary Ralph Recto is hesitant to support proposals to reduce the Value-Added Tax (VAT) from 12% to 10%.

Tue, October 14, 2025 at 3:20 PM

Senate panel seeks revenue collection reforms amid missed targets

The Senate Committee on Finance is pushing for reforms in the government's revenue collection strategy due to consistent 'missed targets'.

Sat, October 4, 2025 at 12:43 PM

PCSO awarded for outstanding public service at 2025 GOCCs' Day

The Philippine Charity Sweepstakes Office (PCSO) received an award for Outstanding Public Service at the 2025 GOCCs' Day held in Malacañang.

Mon, September 29, 2025 at 3:02 PM

ADB, PH inspect P873.6B Malolos-Clark railway project

The Philippines and the Asian Development Bank (ADB) reaffirmed their partnership through a joint inspection of the P873.6-billion Malolos-Clark Railway Project (MCRP), a vital component of the North-South Commuter Railway (NSCR) System.

Thu, September 25, 2025 at 11:48 AM

PH, Singapore start talks to update 48-year-old tax treaty

The Philippines, through the Department of Finance, has begun negotiations with Singapore to modernize their 48-year-old Double Taxation Agreement (DTA).

Wed, September 17, 2025 at 12:00 AM

BSP may implement at least one more rate cut before year-end

Finance Secretary Ralph Recto indicated that the Bangko Sentral ng Pilipinas (BSP) may implement at least one more policy rate cut before the end of the year.