Biz groups welcome Recto's appointment

by Jenica Faye Garcia - Niña Myka Pauline Arceo

Jan 13, 2024 12:29 am

BUSINESS groups have expressed support for new Finance Secretary Ralph Recto, who was named on Thursday to replace Benjamin Diokno following months of speculation that the latter was on his way out.

Recto, who took his oath on Friday and vacated the posts of House of Representatives deputy speaker and Batangas representative, was described by business executives as qualified to handle the Finance portfolio, having been behind reforms such as the 2005 Expanded Value-Added Tax Act.

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