Speaker Martin Romualdez briefs Mission Members from the International Monetary Fund on the reforms being implemented by the Philippine government to ensure that the country’s economic recovery post-pandemic will redound to the benefit of ordinary Filipinos. The Speaker was joined in the meeting by Rep. Stella Quimbo and House Secretary General Reginald Velasco. The IMF was represented by Mission Chief Jay Peiris; Resident Representative Ragnar Gudmundsson; Senior Economist Yinqiu Lu; and Economist Tristan Hennig.
photo by Ver Noveno

TACLOBAN CITY– House Speaker and Leyte Rep. Martin Romualdez said that the opening of the Securities and Exchange Commission (SEC) office in the region is a testament that Eastern Visayas’ economy is growing.

The SEC-Tacloban Extension Office, located inside the regional office of the National Economic and Development Authority (NEDA) at the Government Center in Palo, Leyte, opened on May 11.

Romualdez said that with SEC putting its extension office in the region is a manifestation of the progress of the region.

“We celebrate a promise of a brighter future, built on the principle of transparency, accountability and good governance, with the new office we are equipping our city and region with the necessary tools to attract investment, encourage entrepreneurship and promote economic growth,” Romualdez said.

The speaker said that the ‘milestone’ indicates that for Tacloban City and the rest of Eastern Visayas region to become a hub of business activity.

For his part, Leyte Governor Carlos Jericho Petilla welcomed the decision of the SEC to set up an office in the region.

“This will encourage businesses to put up their head office in the region, changing the economic landscape of the region,” Petilla said.