SEC Focuses on Increasing Profits by 2025
The Securities and Exchange Commission (SEC) has big plans for 2025, aiming to further develop the capital market and bolster the corporate sector. After a year of significant reforms and achievements in 2024, the SEC is focused on creating a more supportive environment for businesses.
As we head into our 89th year, SEC chairperson Emilio Aquino emphasized the commitment to transforming the capital market to fuel a robust and dynamic economy. By the end of November 2024, the total market capitalization had seen a 23.6 percent year-on-year increase, reaching P20.12 trillion.
Exciting initiatives have been put in place to encourage funding for key industries such as power, real estate, and agribusiness. Green and sustainable financing has also seen a significant boost, with ASEAN-labeled Green, Social, and Sustainability bonds seeing a massive 602 percent surge to P209.29 billion. Additionally, the SEC approved the country’s first blue bond to support marine ecosystem reforms and sustainable wastewater management.
In response to the changing landscape, the SEC rolled out new digital tools in 2024, including an online registration system and faster foreign investment processing. These advancements led to a 6 percent year-on-year increase in company registrations, totaling 49,432 by November. Moreover, the introduction of a regulatory sandbox has provided a platform to test innovative financial products, aiding 888 companies in raising funds through public offerings and crowdfunding.
Emphasizing a commitment to continuous improvement through digitalization and reforms, Aquino highlighted the SEC’s dedication to creating a favorable environment for businesses. With a focus on enhancing services and fostering growth, the SEC is paving the way for a thriving business landscape in the coming years.
