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President Ferdinand “Bongbong” Marcos Jr. on Tuesday tasked the Securities and Exchange Commission to streamline the process of implementing the Capital Market s Efficiency Promotion Act or CMEPA , which redefines how Filipinos make investments. In his speech at the Philippine Stock Exchange during the special bell-ringing to mark the effectivity of Republic Act No. 12214 or the CMEPA , Marcos said that before the law was enacted, investing in stocks meant paying a tax of 0.
According to Marcos, the law enhances the Philippines’ competitiveness in the ASEAN region as it also strengthens the foundations of the capital market. He also emphasized that market integrity is a shared responsibility, calling on all market participants and stakeholders to uphold transparency, fairness, and good governance.Marcos said CMEPA has removed certain exemptions to enhance fairness in the country’s tax system.
Bongbong Marcos Securities And Exchange Commission Sec Capital Market Capital Markets Efficiency Promotion Act CMEPA Stock Investment Stock Investing Philippine Stock Market
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