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Manila Bulletin devider Philippines devider National devider Marcos to SEC: Help promote PH as an investment destination

Marcos to SEC: Help promote PH as an investment destination

Published Jun 22, 2023 04:30 am
President Ferdinand "Bongbong" Marcos Jr. has ordered the Securities and Exchange Commission (SEC) to continue the digitalization of its services to attract more investors. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot)
Speaking at the commission's 85th anniversary on Thursday, June 22, Marcos told SEC that he can count on them in helping promote the country as an investment destination that is safe, orderly, and proactive. "Let us use all the successes to further promote ease of doing business and to actively contribute to our overall goal of bringing a comfortable life to our people. I likewise encourage you to continue the digitalization of your services and further invigorate the advocacy for sustainable finance and good corporate governance," Marcos said. "I know that I can count on each of you to help promote our country as an investment destination—one that is safe, that is orderly, and proactive; and one that can uphold the rights and welfare of our investors and consumers to their mutual benefits," he added. The President also expressed hopes that "more and more local businesses will reach even greater heights for a more robust and equitable economy" in the succeeding years. In his speech, Marcos recognized SEC's contributions as a reliable regulator of corporate and capital markets and a staunch protector of the people's investments. He said that throughout the commission’s existence, it has helped create an environment that benefits the business and investment sectors. He further said that its openness to achieving digital transformation has been integral to fostering business formation and for growth. "Through the digital reforms that you have put in place, you have made it easier for corporations to comply with the requirements and maintain a good standing in the business community," Marcos said. "Likewise, your dedication to further improve the processes through innovations has enabled the SEC to employ a more modern, more efficient, and more secure approach in managing stakeholders and their data," he added. He also congratulated the SEC on its citation from the Cambridge International Finance Advisory for three consecutive years, United Nations Conference on Trade and Development, and International Data Corporation Future Enterprise Awards.

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Bongbong Marcos investment SEC Securities and Exchange Commission President Marcos
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