MBC Congratulates Recto on DOF Appointment

12 January 2023 – MBC congratulates and expresses its support for Ralph Recto on his appointment as Secretary of Finance.

Mr. Recto’s previous stints in NEDA, the House of Representatives, and the Senate — including his authorship of the expanded VAT law of 2006 (RA 9337) — will serve the Administration and country well as we address growing financial and economic challenges.

We pledge Mr. Recto our assistance and wish him success in his new, important role, including continuous improvement of laws and policies to attract job-creating investment and expansion. We look forward to working with him, other recent appointees such as Presidential Special Assistant Frederick Go and Agriculture Secretary Francis Laurel, and the rest of the economic team.

We also thank Sec. Ben Diokno for his service as finance secretary in the critical first year of the Marcos administration, following previous stints in other offices. (END)