April 21, 2024


World Business Inquiries

SEC contributes P2B to war chest vs COVID-19

1 min read

SEC chair Emilio Aquino

The Securities and Exchange Commission (SEC) has contributed P2 billion to boost the national government’s war chest against the COVID-19 pandemic.

This contribution to national government’s coffers is in accordance with Republic Act No. 11469, otherwise known as the Bayanihan to Heal as One Act, and the directive of the Department of Finance, the SEC said on Tuesday, adding that it had been proactively responding to the public health emergency.
“A pandemic that has brought the world to a standstill, disrupted businesses and livelihoods, and caused the loss of lives calls for a collective response from all sectors,” SEC chair Emilio Aquino said.
“The SEC has moved into position for the country’s fight against COVID-19. Aside from supporting other government agencies on the frontlines, we have worked on buttressing the corporate sector, capital market and investing public, which are crucial in the resilience of our economy and, more importantly, of the Filipino people.”

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