SEC opens new office in Butuan
The Securities and Exchange Commission (SEC) has opened a new office in Butuan to make doing business easier for entrepreneurs in the region and support the continued economic growth of Mindanao.
The SEC officially inaugurated last March 25 the SEC Butuan Extension Office located at the JC Aquino Training Center, JC Aquino Avenue, Barangay Libertad, Butuan City.
The SEC Butuan Extension Office will serve the Caraga Administrative Region, among the country’s fastest-growing regions.
In 2022, Caraga recorded a gross regional domestic product of more than P320 billion. As of December 2023, a total of 7,158 registered corporations and partnerships are based in Caraga, which was previously under the jurisdiction of the SEC Cagayan de Oro Extension Office.
The establishment of the SEC Butuan Extension Office was requested by the Regional Development Council of the Caraga Region, in line with improving bureaucratic and regulatory efficiency as per the Caraga Regional Development Plan, as well as by the Office of Agusan del Norte First District Representative Jose S. Aquino II.
“Choosing Butuan as the newest location for our extension office was an easy decision to make, as the high number of business name registrations in the area shows its potential to become a thriving business hub in the future,” SEC Chairperson Emilio B. Aquino said.
He added that “the SEC seeks to support this potential by creating an enabling environment that will make doing business easier for entrepreneurs in the region, through the services provided by the SEC Butuan Extension Office.”
The establishment of the extension office aligns with the Commission’s mandate to ensure the efficient delivery of public services and effective enforcement of laws concerning the capital market, financing and lending companies, and the overall corporate sector.
The SEC Butuan Extension Office marks the Commission’s 11th extension office, established less than a year after the SEC Tacloban Extension Office opened in May 2023. The SEC also operates extension offices in Baguio, Tarlac, Legazpi, Cebu, Bacolod, Iloilo, Zamboanga, Davao, and Cagayan de Oro.