The Philippine Chamber of Commerce and Industry (PCCI) welcomed the appointment of outgoing Batangas 6th District Representative and former Senator Ralph Recto as the new Secretary of the Department of Finance, replacing Secretary Benjamin E. Diokno.

PCCI President Enunina V. Mangio congratulated Recto who she describes as a valuable addition to the economic team of President Bongbong Marcos.

“Senator Recto is perfectly suited for the job.  He has the experience, expertise and political backing that are critical if he is to oversee the strengthening of the country’s economic and fiscal positions.  He has led the National Economic Development Authority and authored and sponsored landmark measures, that have helped the country weather economic crises even as some were unpopular,” Mangio said.

Mangio was referring to the Expanded Value-Added Tax, the Rice Tariffication Law and the Rent Control Act, among others.

Mangio hopes that Recto will continue to push for policies and reforms that are supportive of the growth of businesses and to ensure that country’s economic gains are sustained.

Mangio added that PCCI has been an active partner of the DOF in various initiatives, including the comprehensive tax reform program and improving the tax regime.

“We look forward to continue working and collaborating with government to drive our economy forward,” she added.

Mangio lauded outgoing Finance Secretary Diokno for doing an exemplary job leading the DOF.