The Securities and Exchange Commission (SEC) has received high praise from the Office of the President for programs enhancing the stock market and supporting business growth. Frederick D. Go, special assistant to the President for investment and economic affairs, commended the SEC during its 88th anniversary for swiftly implementing policies to foster market recovery and competitiveness.
Go highlighted the SEC’s progress in streamlining processes for initial public offerings (IPOs) and improving market flexibility through measures like the removal of minimum commissions for stockbrokers. He also praised the agency’s digital innovations, such as the SEC Zuper Easy Registration Online (ZERO) and the Electronic Submission Authentication Portal (eSAP), which have made business registration faster and more accessible, both locally and internationally.
The SEC’s initiatives, including the Foreign Investment Registration Station launched earlier this year, have led to nearly 50,000 new company registrations, underscoring the success of these reforms. Executive secretary Lucas P. Bersamin further emphasized the positive perception of the Philippines in global markets, noting that these reforms contribute significantly to the country’s growing investment appeal.
In recognition of its collaborative efforts, the SEC honored 75 individuals and institutions for their role in advancing the agency’s goals. SEC chairman Emilio B. Aquino expressed pride in the agency’s achievements, which reflect its commitment to driving growth in the corporate and capital markets while protecting investors.
