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FINANCE CHIEFS. Finance Secretary Ralph Recto pays tribute to his predecessors during the Secretary’s Hour toast on April 30, 2024 at the Ayuntamiento de Manila. Secretary Recto recounted how his predecessors successfully steered the Philippines in turbulent times in history and how their actions have accumulated into the fortitude, tenacity and professionalism that define DOF today.The government is keeping the P4.
He also acknowledged the efforts of Cesar Purisima and Cesar Virata who both raised much-needed funds to rebuild the economy and support the victims of two of the country’s most devastating typhoons. Recto also lauded Bobby de Ocampo who manned the fort to fend off the contagion of the 1997 Asian financial crisis, and a decade later, Gary Teves who shielded the country from the fallout of the recession of 2008.
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