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WATCH: Finance Secretary Ralph G. Recto clarified misconceptions brought about by the fake news circulating on the Capital Markets Efficiency Promotion Act (CMEPA). He reiterated that the 20% tax on the interest earned from regular savings is not a new law and has long been imposed since 1998. #DOFUpdates | Department of Finance
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3.9K views · 177 reactions | ICYMI: Finance Secretary Ralph G. Recto expressed confidence that the Philippines will have a greater opportunity to invest in more projects that matter most to the Filipino people with the recently sealed government-to-government financial and development cooperation agreement with Sweden. Watch the video to see the highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance | Department of Finance | Facebook
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31K views · 681 reactions | LOOK: Finance Secretary Ralph G. Recto vowed that the Power Sector Assets and Liabilities Management (PSALM) Corporation’s all-time high dividend remittance of PHP 8.96 billion to the National Treasury will be reinvested into programs that directly uplift the lives of the Filipino people. Watch this reel to see highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance | Department of Finance | Facebook
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WATCH: Finance Secretary Ralph G. Recto, on behalf of the Bureau of the Treasury (BTr), formally received a total of PHP 5.17 billion in remittance from the Bases Conversion and Development Authority (BCDA). This includes a record-breaking PHP 2.04 billion in cash dividends—the highest in BCDA’s history—representing 80% of its net earnings for 2024. On top of this, the BCDA remitted PHP 3.13 billion as a share of its asset disposition proceeds collected last year. Hear from BCDA President and CE
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