Finance Secretary Ralph G. Recto convened a
briefing with the Securities and Exchange Commission Philippines (SEC) management team on
strategic initiatives to further boost the Philippine
capital market at the SEC Headquarters in Makati
City. Recto commended SEC’s digitalization initiatives to boost the ease of doing business and foster
capital market development in the country. He also
urged the SEC to team up with the Bureau of Internal Revenue for efficient data sharing to reconcile
records of registered corporations and enhance tax
collection efficiency. Recto also assured the SEC of
the Department of Finance’s (DOF) firm support for
its reforms and initiatives to further digitalize systems, boost the Philippine stock market, intensify
consumer protection, enhance supervision and regulation of the financial system, promote trade and
investments, and advance financial literacy and sustainability, among others.
(Benjie J. Murillo / Ralph Recto Media)