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Token of Appreciation

Eduardo Francisco

Outgoing Finance Secretary and Council co-chair Gary Teves receives token from Council Chair Eduardo Francisco of FINEX during the May 24,2010 Council Meeting. Looking on are representatives of Council member institutions PM Cesar Virata-BAP, Gov. Jose Cuisia- PLIA, Vicente Castillo-PDS, Consuelo Garcia-BAP, and Comm. Manuel Gaite (SEC).

Council Members and Representatives of CMDC Member Institutions

Council Members and Representatives of CMDC member institutions (From Left to Right) Asst. Sec. Ma. Lourdes Recente-DOF, USec Gil Beltran- DOF, Atty. Hilario Paredes-FINEX, Rescina Bhagwani-CMDC, Fortunato Peralta-PIRA, Marivic Peralta-IC,Pedro Benedicto, Jr.-PIRA, Prudence Kasala-BSP, PM. Cesar Virata-BAP, Jose L. Cuisia-PLIA, Ismael Cruz- PASBDI, Sec. Gary Teves-DOF, Vicente Castillo-PDS, Eduardo Francisco- FINEX, Mabini Juan-PLIA, Comm. Manuel Gaite-SEC, Val Antonio Suarez- PSE, Ma. Lourdes Cristobal-IHAP, Consuelo Garcia-BAP

 

 

Joint Manifesto Towards the
Development of the
Philippine Capital Market

Nov. 15, 1991
CMDC was formed
 

 

We believe that the development of our economy requires readily available and more stable medium and long term funds to finance the capital requirements of productive enterprises which provide goods for local and export markets, create jobs and increase incomes;

We believe that there is a need to mobilize financial resources and develop a market for medium-and long-term investment funds;

We believe that the development of our capital market will provide those with excess funds a broader range of investment alternatives, and will give productive enterprises a broader range of funding sources;

We believe that a market-oriented and dynamic economy needs a more responsive, more efficient, and cost effective financial system;

We believe that the Government needs to raise adequate revenues for it to effectively run the affairs of the State and build a Nation; and, as individuals and corporate citizens, we should contribute our just share;

We believe that there is a need to coordinate and streamline various laws, rules, regulations, practices and procedures in both the public and private sectors to promote and support a dynamic financial market;

We believe that the private sector should have the ability to regulate its own ranks to ensure that the investing public's interest are adequately protected, and that the participants in the market maintain high ethical standards to assure investor confidence;

We believe that in order to keep pace with the global community, we must be more progressive, rather than restrictive, in the formulation and implementation of our policies, rules and regulations.