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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.
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Emilio Benito Aquino (born July 23, 1964) is the current chairperson and CEO of the Securities and Exchange Commission (Philippines). He took office on June 7, 2018, [1] and was appointed by then President Rodrigo Roa Duterte. Aquino is also the first CPA-Lawyer to be appointed as SEC Chairperson. [2]
' Central Bank of the Philippines '; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 [ 2 ] as amended by Republic Act 11211 or the New ...
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According to the Administrative Code of 1987, the following are the powers and functions of a secretary: [1] Advise the president in issuing executive orders, regulations, proclamations and other issuances, the promulgation of which is expressly vested by law in the president relative to matters under the jurisdiction of the department;
In March it again broke another record by ending the trading day at 6,847.47 after Fitch Group upgraded the Philippines for the first time to investment grade status . [11] On May 10, 2013, it achieved its 29th record close for the year closing at 7,262.38, surpassing the previous record of 7,215.35 on May 3.