The Securities and Exchange Commission (SEC) signed a Memorandum of Agreement (MOA) with Subic Bay Metropolitan Authority (SBMA) for an investor education campaign. 

Under the agreement, the two entities will design and develop financial literacy programs and investment scam awareness activities, allowing freeport stakeholders to gain knowledge on financial and debt management.

SEC Commissioner Karlo Bello said the MOA embodies shared vision, values, and commitment to excellence.

“Through this agreement, we are forging stronger bonds, fostering innovation, and paving the way toward sustainable and inclusive economic growth in the Subic Bay Freeport Zone,” he emphasized.

SEC Communication, Advocacy and Network or SEC-CAN! will serve as a channel for collaboration on information, education and communication initiatives.

It aims to raise awareness on business and capital markets, financial literacy, smart and sustainable investing, company registration process and reportorial requirements.

SEC Anti-Scam and Illegal Taking of Investments Group or SEC-ASTIG, on the other hand, is focused on raising awareness on investment scams and other fraudulent schemes.

In a statement, SBMA Chairperson and Administrator Eduardo Jose Aliño expressed gratitude to the SEC. 

“This partnership will boost economic activities and development in Subic Bay,” he said.

It will likewise protect the locators, stakeholders and the whole freeport zone community against illegal investment-taking activities and other predatory practices carried out through the misuse of the corporate vehicle. (PIA 3)