The Securities and Exchange Commission (SEC) is urging stronger cooperation across the various sectors to drive a more competitive and inclusive Philippine economy.
Speaking at a conference in Bonifacio Global City, SEC commissioner Rogelio V. Quevedo said the country already has a clear vision for growth but must improve execution and consistency to achieve results.
Quevedo highlighted the SEC’s role in supporting business growth, protecting investors, and maintaining fair and transparent markets. He noted that nearly 600,000 corporations and partnerships are now registered in the country, showing strong entrepreneurship. However, he stressed that success should be measured by how widely economic benefits are shared.
He also raised concern over low public participation in the stock market, with only 1.4 percent of Filipinos investing. To address this, the SEC is expanding financial education, promoting digital investment platforms, and supporting fundraising options like crowdfunding.
The commissioner pointed out that while the Philippines is rich in natural resources, many are exported in raw form and re-imported as higher-value finished goods, limiting economic gains. He called for more investments in manufacturing, logistics, and technology to boost local value creation, as well as in sustainable infrastructure.
Quevedo also emphasized the need to attract foreign investments that bring technology and skills, while encouraging local companies to compete globally.
He concluded by stressing the importance of trust, investor protection, and continued collaboration among government, business, and other sectors to turn economic plans into concrete results in the coming years.
