Business groups buck planned hike in SEC fees
newscatcher
2023-10-09 19:30
Business groups buck planned hike in SEC fees
INQUIRER.net FILE PHOTO MANILA  -Some of the country's largest business groups as well as small and medium enterprises are crying foul over proposed hefty increases in some of the fees charged by the Securities and Exchange Commission (SEC)—a move seen as ill-timed as the local economy remains on soft ground. In a joint letter to the SEC dated Oct. 2 but released on Monday, the Philippine Chamber of Commerce and Industry (PCCI), the country's largest business organization, and other top private sector organizations said that while President Marcos and his economic team were actively inviting investors into the country and struggling to keep the ones already here, the SEC was 'doing exactly the opposite by proposing unnecessary and unconscionable increases in fees.

https://business.inquirer.net/425681/business-groups-buck-planned-hike-in-sec-fees

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