CEBU is poised to experience a surge in investments and job opportunities after the Securities and Exchange Commission-Cebu Extension Office (SEC Cebu) saw an increase in registered companies in the first half of 2023. The government agency’s digital transformation also played a role in the increase, according to SEC Cebu Director Sheara Lupango-Tamayo. SEC Cebu said it logged 1,871 incorporated firms up 103.4 percent in the same period last year which only had 920 entities. The first half figure is already 98 percent of the 1,908 total firms incorporated in 2022. Tamayo, a lawyer, said the “increase in the number of registered companies translates to more jobs and more economic benefits in the areas where they operate.” He said the growth is also reflective of the digital transformation program that the SEC is embarking on, since the goal of automating SEC services is to make doing business easier for Filipinos. “We see this bearing fruit with the increase in company registrations,” Tamayo said. Digital transformation SEC’s digital transformation, particularly the launch of the Electronic Simplified Processing of Application for Registration of Company (eSPARC) also contributed to the growth. The eSPARC platform allows the public to register stock and non-stock […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
