WATCH: Finance Secretary Ralph G. Recto clarified misconceptions brought about by the fake news circulating on the Capital Markets Efficiency Promotion Act (CMEPA). He reiterated that the 20% tax on the interest earned from regular savings is not a new law and has long been imposed since 1998. #DOFUpdates | Department of Finance

16K views · 400 reactions | LOOK: Finance Secretary and Land Bank of the Philippines (LANDBANK) Chair Ralph G. Recto praised the state bank for declaring PHP 33.5 billion in dividends––its single highest dividend yield in its history, with millions of Filipinos expected to benefit. Watch this reel to see highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance #LANDBANK | Department of Finance | Facebook

108K views · 945 reactions | Secretary salary withhold unbelievable | Igbobekee | Facebook