By Richmond S. Mercurio (The Philippine Star) | Updated July 2, 2015 - 12:00am
MANILA, Philippines - The Securities and Exchange Commission (SEC) is proceeding with the expansion of its satellite offices across the country to help make corporate transactions easier and more accessible.
SEC chairperson Teresita J. Herbosa said yesterday the agency is looking to open three more satellite offices within the year, with the first branch outside Luzon also in the pipeline.
Herbosa said two of its upcoming satellite offices would still be within Metro Manila while one would be put up in Cebu.
“We hope we will have one in Alabang as well as in the SM North area. Cebu is the first one outside Luzon. After Cebu is probably Davao,” Herbosa said following the SEC satellite office opening in Robinsons Galleria mall yesterday.
The facility is SEC’s third satellite office to open following branches in SM Manila and Ali Mall in Cubao.
“This branch will cater to those from Antipolo, Greenhills, Ortigas, and San Juan and it would soon replace our main office cause we’re moving out so more people will be coming in,” Herbosa said.
Herbosa said the SEC is looking to transfer to a temporary office in Pasay by December this year before eventually moving to its permanent headquarters in Bonifacio Global City.