Celebration of the 70th Anniversary of U.S. – Philippine Exchanges

02 July 2018, Comment are Off
Celebration of the 70th Anniversary of U.S. – Philippine Exchanges SMX Mall of Asia, 30 June 2018 with Michael...

Discussion on the Bangsamoro Basic Law (BBL) May 30-31

31 May 2018, Comment are Off
Session ended at 2:07 AM earlier today. Thanks to Senator Migz Zubiri for keeping an open mind in accepting amendments...

Speech Endorsing the Confirmation of Berna Romulo-Puyat as Secretary of Tourism

30 May 2018, Comment are Off
Speech Endorsing the Confirmation of Berna Romulo-Puyat as Secretary of Tourism Delivered by Senate President Pro...

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SEP
11
2018

Recto: No need for a regime change, only a refocusing of government priorities

People should rally behind the President and let him finish a term he won fair and square. There is no need for a regime
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SEP
11
2018

Statement on the House of Representatives’ approval on 3rd reading of TRABAHO Bill (TRAIN2)

I support the objectives of TRAIN 2 to lower income taxes by rationalizing incentives, although I question the timing.
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SEP
10
2018

Gov’t told: Brace for typhoons Neneng and Ompong

Government should brace for typhoon Neneng instead of being focused on political storms. It should be able to
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SEP
04
2018

Statement on the Revocation of Amnesty Granted to Senator Trillanes

When I lost my 2007 re-election bid, one of the first congratulatory calls I made was to the detained Sonny Trillanes.
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SEP
04
2018

Recto : Suspend “third of triple whammy” that will hit motorists

Government was urged to freeze its plan to raise motor vehicle (MV) registration fees as it could be the third of t
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AUG
29
2018

With NAIA past peak capacity, gov’t must announce ETA of new airport

NAIA is near if not past peak capacity that government has no choice but build a new main gateway to the country, Senate
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AUG
28
2018

Sponsorship Speech : Murang Kuryente Act

I am pleased to join Senator Win in sponsoring this bill, which provides a “win-win” solution to a looming power rate
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AUG
15
2018

On the Implementation of HOV lanes in EDSA

Kung kulang ang premium buses sa gilid ng EDSA, at walang MRT sa gitna, ano ang alternatibo? Ang sasakyan parang
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AUG
14
2018

Flooding exposed need for gyms, rescue boats, no cuts in MMDA budget—Recto

Climate change – and the frequent and fiercer storms it causes – is now a macroeconomic assumption of the budget as
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AUG
12
2018

House move to call off hearings must not lead to delayed or reenacted budget

It is the prerogative of the House to suspend hearings on 2019 national budget. We can only hope that after this pause,
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AUG
12
2018

Dominguez, econ team “indespensible, integral” to federalism talks—Recto

The country’s economic managers are “integral and indispensable to the national conversation” on federalism, Senate
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AUG
09
2018

Recto : PH fisheries woes need durable solutions, not stop gaps

In light of the House proposal for duty-free importation of fish to tame inflation, a resolution has been filed in the
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1 week ago

Sen. Ralph Recto

Although Senate President Pro Tempore Ralph Recto is expressing his support for the objectives of the tax measure to lower income tax, he said it may not be the right time to pass #TRABAHO.

“#TRAIN2 may be inflationary because it increases taxes on domestic industries such as housing, power, petroleum, among other things. It will also increase taxes and cost of exporters and BPOs, and therefore reduce incentives to invest in enterprises that earn foreign exchange which our economy badly needs at this time,” he said when asked for comment.

The reduction in corporate income taxes, Recto added, might not be enough to attract investment as he also noted current “global economic events.”

Recto said he expects the ways and means panel to hold several hearings on the bill, and consult various stakeholders on its possible impact.

READ MORE: news.mb.com.ph/2018/09/11/senate-reviews-2nd-tax-reform-program-after-house-approval/
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1 week ago

Sen. Ralph Recto

'INFLATION SELF-INFLICTED, NOT CAUSED BY TRUMP'

US President Donald Trump and other global factors should not be blamed for the Philippines’ accelerating inflation, which is largely triggered by the Duterte administration’s policies, Senate President Pro Tempore Ralph Recto said yesterday.

Recto made the statement after President Duterte twice in two days blamed Trump’s tariff policies and the raising of interest rates in the US for the country’s inflation that took off in February and continues to rise.

Read more at www.philstar.com/headlines/2018/09/10/1850144/inflation-self-inflicted-not-caused-trump#KgCkhpSZG...
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1 week ago

Sen. Ralph Recto

SP SOTTO WELCOMES DELEGATES FROM CHINA: Senate President Vicente Tito Sotto (5th from right) welcomes delegates from the National People's Congress (NPC), People’s Republic of China headed by Ji Bingxuan, Vice Chairman of the NPC’s Standing Committee (6th from right), during a courtesy call at the Senate, Monday, September 10, 2018. Also in photo are Sen. Ralph Recto, Senate Minority Leader Franklin Drilon, Senator Koko Pimentel, and Senator Win Gatchalian. (Photo by Cesar Tomambo/10 September 2018) #SenatePH ... See MoreSee Less

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