Ralph Recto

Journalist Reacts To Malacañang Official Claire Castro’s Remark over Bersamin’s Resignation: “Hindi namin pwede pabayaan”

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Journalist, Malacañang Claire Castro

During the Press Con, Journalists Pressed On To Malacañang’s Claire Castro Quests on Lucas Bersamin’s Resignation JOURNALIST – A member of the media reacted to the “pabayaan” remark of Malacañang press officer Claire Castro over the resignation of Bersamin. When Zaldy Co accused President Bongbong Marcos and former House Speaker Martin Romualdez of alleged budget … Read more

Lucas Bersamin Claims He Didn’t Resign as Executive Secretary amid Palace’s Announcement

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Lucas Bersamin, Claire Castro

Reportedly Resigned E.S. Lucas Bersamin Contradicts Announcement of Malacañang Lucas Bersamin contradicted the announcement of the Palace that he allegedly resigned from being the executive secretary. While he refused to return to the Philippines and face the massive accusations of corruption hurled against him, former Ako Bicol Partylist Representative Zaldy Co released a series of … Read more

Ralph Recto on Corruption Accusations vs. Marcos Jr.: “Masyadong mabait ang Pangulo, focused din sa trabaho”

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Ralph Recto, Bongbong Marcos

Finance Chief Ralph Recto To Take Oath as New Executive Secretary Today RALPH RECTO – The Finance Secretary was appointed as the new Executive Secretary of President Bongbong Marcos. Countless Filipinos called for Zaldy Co to return to the Philippines amid the supposed multi-billion flood control corruption in the government. He is one of the … Read more

Ralph Recto On Consequence Of Reducing VAT From 12% To 10%

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Ralph Recto

Finance Secretary Ralph Recto has this warning. Reducing the value-added tax (VAT) rate to 10 percent from 12 percent would have this consequence, according to Finance Secretary Ralph Recto. Lowering the VAT rate from 12% to 10% may sound attractive, but the Department of Finance (DOF) cautions that it could greatly affect government revenues, fiscal stability, … Read more

Karen Davila Laments Over “Debt” Of Each Filipino Due To Corruption

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Karen Davila

In a post, Karen Davila expressed thoughts about the “debt” of the people. Every Filipino now has a PHP 142,000 debt because of the country’s debt, and Karen Davila shares her thoughts about this. Senate Committee on Finance Chairperson Sherwin Gatchalian presented a computation during the budget briefing of the Development Budget Coordination Committee (DBCC) on … Read more

Malacañang on PH Nearing Upper Middle-Income Status: “We can see that the administration is working”

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Malacañang

Press Officer of Malacañang Expresses Palace’s Side on PH Economy Now Malacañang is happy over the Philippines nearing the upper middle-income status and hopeful that the nation will achieve it this year. Amid the claim of Vice President Sara Duterte that the alleged problems of the Philippine economy must be addressed, Socioeconomic Planning Secretary Arsenio … Read more

Ralph Recto To Son Ryan during Budget Talks: ‘If you still have a lot of questions, I will run against you’

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Ralph Recto, Ryan Recto

Finance Sec. Ralph Recto Lightens Environment during Budget Talks w/ Joke Towards Son Ryan RALPH RECTO – The Finance Secretary jokingly threatened his son, Batangas Rep. Ryan Recto, that he will run against him if he asks more questions. During the 2025 Midterm Elections, both sons of now-Batangas Governor Vilma Santos — Luis Manzano and … Read more

Tax On Savings: How Does This Work?

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Tax On Savings

New law slaps tax on savings, which will also affect time deposits and dollar accounts. TAX ON SAVINGS – A new law called the Capital Markets Efficiency Promotion Act (CMEPA) took effect on July 1. Quietly this month, a new law has taken effect, which is called the Capital Markets Efficiency Promotion Act (CMEPA), or the Republic Act 12214. Major … Read more

President Bongbong Marcos Retains Economic Team Amid Cabinet Reshuffle

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President Bongbong Marcos

The economic team of President Bongbong Marcos remains amid the major revamp. After calling for a major revamp, President Bongbong Marcos decided to retain his five economic managers to prevent disruptions. The call for cabinet secretaries to resign by President Bongbong Marcos was controversial and made after the results of the national and local elections on … Read more