Albay 2nd District Rep. Jose Ma. Clemente Salceda on Aug. 23 filed House Bill No. 8958, or the proposed Capital Markets Efficiency Promotion Act, that seeks to lower taxes on stock transactions to attract more investors into the market.
“The SEC welcomes the efforts of our legislators to boost the capital market, as this recognizes the contribution and potential of the financial sector to help in the development of the Philippine economy, toward easing and improving the lives of all Filipinos,” SEC chairperson Emilio Aquino said in a statement.
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