SEC Inks Partnership With BSP, PSA To Strengthen FDI Data Compilation

As seen on SEC’s official Facebook page – The Securities and Exchange Commission (SEC) has partnered with the Bangko Sentral ng Pilipinas (BSP) and the Philippine Statistics Authority (PSA) for the sharing of corporate data to improve the measurement of foreign direct investments (FDI) in the country.

SEC Chairperson Francis Lim, BSP Deputy Governor Zeno Ronald N. Abenoja, and PSA Undersecretary Claire Dennis S. Mapa formally signed the memorandum of agreement (MOA) on FDI data sharing on July 20 at the BSP Complex in Manila.

The MOA seeks to establish a framework for collaboration and data sharing on FDI compilation, aligned with international standards that integrate both bank-reported and enterprise-sourced data. It also seeks to address the potential underreporting of FDI data in the country.

“Data must become insight. Insight must drive better policy. Better policy must translate into greater investor confidence, more investments, more jobs, and stronger economic growth… May this partnership remind us that when institutions work as one, we make better decisions, build greater trust, and create more opportunities for every Filipino,” Chairperson Lim said.

Under the MOA, the SEC will provide the PSA and BSP with corporate data and documents, including audited financial statements, general information sheets and articles of partnership of companies.

Corporate data will be transmitted periodically through a central repository managed by the PSA. SEC will also provide access to the SEC Application Program Interface (API) endpoints for retrieving specific data of companies covered by the agreement.