Top financial regulators plan to move to BGC

TAGUIG CITY, 13 August (PIA) - The Philippine Stock Exchange (PSE), Securities and Exchange Commission (SEC), and the Insurance Commission (IC) have announced plans to transfer their headquarters to Bonifacio Global City while the Intellectual Property Office (IPO) and the Philippine Chamber of Commerce Incorporated (PCCI) both have already moved to new addresses within the burgeoning business district.

Taguig City Mayor Lani Cayetano welcomed the “new partners” of the city, saying their decision to relocate to BGC - and that of hundreds of corporations before them - is an undeniable sign of a growing consensus that investor confidence is at a high in Taguig.

"The plan of the country’s top business regulators to follow suit and relocate to Taguig is an affirmative vote of confidence to a fast-rising, high-flying new premier financial center in the country that is BGC," Cayetano said.

Several top businesses already relocated to Taguig, including Coca-Cola Bottlers Philippines, Inc., its foundation Coca-Cola Foundation Philippines, Inc., and Eastwest Bank.

BGC is also now home to big companies like Smartmatic Philippines, Inc.; Manila Water Company, Inc.; Chinatrust Commercial Bank Corporation; General Electric Philippines, Inc.; Hewlett-Packard AP LTD- Phil.; Sony Philippines, Inc.; Sun Life Corporation; and the Hongkong and Shanghai Banking Corp. Limited.

Not only top corporations but leading academic institutions such as the University of the Philippines and the De La Salle University will also open separate campuses in BGC.  

Earlier, the World Bank recognized Taguig as one of the best places in the country to do business in. (TAGUIG/JEG/PIA-NCR)

See more at: http://news.pia.gov.ph/article/view/241439365740/top-financial-regulators-plan-to-move-to-bgc#sthash.i3P5mOV2.dpuf