Finance Secretary Ralph G. Recto will remain at the helm of the Department of Finance after President Ferdinand R. Marcos Jr. rejected his courtesy resignation, signaling continued confidence in Recto’s leadership and commitment to fiscal stability and economic growth.
The economic managers have engaged civil society organizations (CSOs) to help refine the interagency Development Budget Coordination Committee (DBCC) process. This has reference to that unit setting the government's macroeconomic assumptions, fiscal targets, budget ceilings, revenue projections, and borrowing ceiling and convened in keeping with President Ferdinand R. Marcos Jr.'s push for greater transparency, inclusivity, and stakeholder participation in national budgeting.
Agriculture Secretary Francisco P. Tiu Laurel Jr. confirmed on Thursday that he has submitted his courtesy resignation in response to President Ferdinand Marcos Jr. 's directive for a Cabinet revamp, following the outcome of the recent midterm elections.
The Department of Agriculture (DA), under the directive of President Ferdinand Marcos Jr., is set to broaden the scope of the pilot run for the P20-per-kilo rice program, aiming to reach up to 14 million Filipinos by September.
The Securities and Exchange Commission (SEC) has revoked the primary registration and certificate of authority of the People’s Credit and Finance Corp. (PCFC), formally stripping the state-linked financier of its license to operate as a financing company.