Marcos Rings in Market Reform: PSE Launches Capital Markets Efficiency Promotion Act
PRESIDENT Ferdinand R. Marcos Jr. leads the bell-ringing ceremony at the Philippine Stock Exchange in Taguig City on July 1, 2025, marking the implementation of the Capital Markets Efficiency Promotion Act (CMEPA). This landmark law slashes the stock transaction tax from 0.6% to 0.1%, significantly boosting the competitiveness of the Philippine market within the ASEAN region. The President was joined by key figures including Sen. Sherwin Gatchalian, OSAPIEA Sec. Frederick D. Go, Finance Sec. Ralph Recto, PSE Chairman Jose T. Pardo, PSE President and CEO Ramon S. Monzon, Ma. Vivian Yuchengco, Retired Chief Justice Teresita Leonardo-De Castro, Atty. Marilyn Victorio-Aquino, and business tycoons Hans Sy, Tessie Sy Coson, Ramon Ang, among others.
Photo by Yummie Dingding for DAILY TRIBUNE