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CATEGORY: ralph recto


Recto: Finance Department Withdraws GROWTH Bill

Author: Shiela Bertillo
Philippines
May 07, 2025 02:50

Recto: Finance Department Withdraws GROWTH Bill

Finance Secretary Recto withdrew the GROWTH Bill proposal to increase taxes, citing stronger-than-expected tax collections in the first quarter of 2025.

Recto Pushes Tax Hike on Capital Gains; Salceda Warns of Capital Flight

Author: Nathaniel Cajuday
Philippines
Apr 25, 2025 02:50

Recto Pushes Tax Hike on Capital Gains; Salceda Warns of Capital Flight

The Philippine DOF plans to raise capital gains, donor, and estate taxes from 6% to 10% under the Growth Bill, aiming to generate 300 billion. Rep. Salceda warns the move may trigger capital flight and hurt the middle class.

Recto: Dept. of Finance, SEC to Coordinate to Draft Crypto Guidelines

Author: Shiela Bertillo
Philippines
Apr 05, 2024 05:20

Recto: Dept. of Finance, SEC to Coordinate to Draft Crypto Guidelines

DOF and SEC to develop stringent guidelines for regulating cryptocurrency registration and trading in the Philippines, prioritizing caution and viability amidst prevalent scams.

Finance Chief Claims Pinoys Have Invested 6 Trillion Into Crypto

Author: Shiela Bertillo
Philippines
Feb 04, 2025 02:50

Finance Chief Claims Pinoys Have Invested 6 Trillion Into Crypto

Sec. Recto's 6 trillion crypto investment data clashes with third-party data showing shrinking inflows.

Jan 23, 2025 02:55

Coinbase CEO Meets Philippine Finance Chief in Davos to Explore PH Expansion

The Coinbase CEO expressed strong interest in the Philippines, citing its rapidly growing digital economy, high crypto adoption rates, and vibrant blockchain gaming ecosystem.

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