SEC: 43,000 legitimate new companies born in Philippines

MANILA, Philippines — The local business sector remained “resilient” this year, as the Securities and Exchange Commission (SEC) logged more than 43,000 new companies as of end-October. While posting a decline from a year ago’s 45,624 registrations, the 10-month figure still mirrored the country’s “sustained entrepreneurial activity, according to SEC. Breaking down, the newly registered entities are composed of 30,671 stock corporations, 10,117 non-stock corporations and 2,397 partnerships. The regulator likewise noted a jump in foreign stock corporations, increasing from 116 to 206 registrations. The SEC said this showed “growing interest from foreign investors.” This brings the total number of active […]...

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