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The SEC was established on October 26, 1936, by virtue of Commonwealth Act No. 83, or the Securities Act, in order to safeguard public interest in view of the local stock market boom at the time. It was created just two years after the United States Congress created the United States Securities and Exchange Commission .
The government of the Philippines (Filipino: Pamahalaan ng Pilipinas) has three interdependent branches: the legislative, executive, and judicial branches.The Philippines is governed as a unitary state under a presidential representative and democratic constitutional republic in which the president functions as both the head of state and the head of government of the country within a pluriform ...
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After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [4] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.
The Philippine Economic Zone Authority (PEZA), formerly known as the Foreign Trade Zone Authority (FTZA) and Export Processing Zone Authority (EPZA), is a Philippine government agency attached to the Department of Trade and Industry.
Under the basis of Commonwealth Act No. 732, [3] Republic Act No. 708, [4] and Republic Act No. 7157, [5] the duties and powers of the Secretary is: "advises and assists the President in planning, organizing, directing, coordinating, integrating, and evaluating the total national effort in the field of foreign affairs relations in pursuit of its Constitutional mandate".
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The Bureau of Communications Services was an attached agency of the PCOO that is tasked to provide materials and services related to various functions of the Presidency, PCOO and the general public. It also owns Balita Central , a tabloid newspaper which is published bi-monthly through its official website and at selected LRT Line 2 stations.