Marcos to SEC: Help businesses become 'agents of economic, social transformation'

President Ferdinand "Bongbong" Marcos Jr. on Thursday urged the Securities and Exchange Commission (SEC) to continue helping local businesses improve and become "agents of our economic and social transformation."

Marcos said this as he witnessed the launch of new digital services of the SEC, which will make the registration and monitoring of corporations in the country easier.

"As we are now deep in our efforts to fully transform our economy, it is my hope that your role in our collective growth remains clear so that businesses will not only thrive, but will also become agents of our economic and social transformation," Marcos said in his speech.

"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," he added.

Marcos also urged the SEC to continue the digitalization of its services and further invigorate the advocacy for sustainable finance and good corporate governance.

"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," the President said.

"I look forward to the succeeding years when more and more local businesses will reach even greater heights for a more robust and equitable economy."

The SEC developed eSECURE, eSEARCH, SEC API Marketplace, eRAMP, and SEC CheckApp 2.0 in line with the Marcos administration’s measures to implement e-governance and attract more investments.

The SEC also launched the SEC FARMS, which aims to secure and expand capital for farms and agriculture business-related modernization schemes.

SEC FARMS also aims to raise funds for particular projects through the capital market. —KBK, GMA Integrated News