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Marcos Jr. rings PSE bell, signals implementation of new law easing investments in PH stock market

Article (news)

Katrina Domingo

ABS-CBN News

<div class="twitter-tweet twitter-tweet-rendered" style="display:flex;max-width:560px;width:100%;margin-top:10px;margin-bottom:10px"><iframe id="twitter-widget-0" scrolling="no" frameBorder="0" allowtransparency="true" allowfullscreen="" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1939870642171683028&amp;lang=en&amp;maxWidth=560px&amp;origin=https%3A%2F%2Fod2-workbench-web.abs-cbn.com%2F%23%2Fworkspace%2Fmonitoring%3Fitem%3Durn%3Anewsml%3Aod2-workbench-api.abs-cbn.com%3A2025-07-01T04%3A33%3A21.812773%3A7e0f9495-d867-4737-acc8-92dd7686948c%26action%3Dedit&amp;sessionId=e45d30f1118916d9ec8b24dd87b805724830d5d9&amp;theme=light&amp;widgetsVersion=2615f7e52b7e0%3A1702314776716&amp;width=550px" style="position:static;visibility:visible;width:560px;height:304px;display:block;flex-grow:1" data-tweet-id="1939870642171683028"></iframe></div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8"></script>MANILA — President Ferdinand Marcos Jr. on Tuesday led the ceremonial ringing of the Philippine Stock Exchange (PSE) bell, signaling the start of the implementation of the Capital Markets Efficiency Promotions Act (CMEPA), a law that eases taxes and processes in investing in the country’s bourse.Under the CMEPA, the tax on stock investment is reduced to 0.1 percent from 0.6 percent.“Before this law, investing in stocks meant paying a tax… six times higher than our neighbors in Singapore and Malaysia, and certainly the highest in ASEAN,” Marcos Jr. said in his speech, referring to the Association of Southeast Asian Nations (ASEAN).“For a first-time investor buying a ten-thousand-peso worth of stock, this means paying P10 pesos in tax instead of P60,” he said.“This will encourage more Filipinos to invest in our capital market.”The CMEPA was signed into law in May 2025 as the Philippines pushes to “redefine and transform how Filipinos invest, build, and grow their hard-earned savings.”“This law also removed the documentary stamp tax on mutual funds and unit investment trust funds—investment tools widely used by young professionals and middle-class savers,” Marcos Jr. said, noting that the “adjustment on rates lowers barriers and opens the market to more investors.”“Additionally, we have introduced a uniform final tax rate of 20 percent on interest income,” he said.“This simplifies compliance, removing confusion, and in a way leveling the playing field,” he added.While the CMEPA removed exemptions for government-owned and controlled corporations to level the playing field, the law also provides incentives for companies that will design programs to aid their workers in saving up for their eventual retirement.“Private employers that match or exceed their workers’ contributions to the Personal Equity and Retirement Accounts or PERA, are now entitled to an additional 50 percent tax deduction on their actual contributions,” the Chief Executive said.Marcos Jr. noted that in 5 years, the “CMEPA is projected to generate over P25 billion in net revenue.”“But beyond revenue, CMEPA reinforces confidence. It shows that our financial system is becoming more equitable and structured for long-term stability,” he said.“So, let me be clear: The reform is not just for the well-off and for the professionals, for the stock traders. It is for every Filipino who dreams of better financial security,” he said.“It empowers the small business owner, the young professional, and the overseas Filipino worker to start investing their hard-earned money to build a better future.”The Securities and Exchange Commission has been instructed “to streamline its procedures, remove bureaucratic bottlenecks, [and] reduce transaction costs within its control,” Marcos Jr said.“Undertake the necessary changes to fulfill your responsibilities in these changing times… I urge all market participants and stakeholders to uphold transparency, fairness, and good governance,” he said.“By working together in good faith, we can build an industry that earns the market’s trust both here and abroad.”PSE president and CEO Ramon S. Monzon described the special bell-ringing ceremony as “an auspicious way for PSE to start the second half of 2025,” noting that the CMEPA will be part of Marcos Jr.’s “legacy he will leave on the Philippine capital market.”“While the reduction in stock transaction tax (STT) is expected to boost market activity, it is not the panacea that will solve our market’s liquidity issue,” he said.“We must complement this STT reduction with continuing initiatives to grow the number of listed firms and expand our product and service offerings,” he said.“We must also continue to find more ways to get more people to invest in the stock market instead of spending for non-essentials or throwing their hard-earned money on online gambling,” he added.The PSE has inked a Memorandum of Understanding with the Department of Migrant Workers in February to “conduct learning sessions for OFWs and their families on personal finance and stock market investment, while also protecting them from investment fraud,” Monzon said.The PSE is also committed to work with the Commission on Higher Education “to include financial education in its curriculum and teach young students that the savers mindset is a way of life,” he said.

President Ferdinand Marcos Jr. rung the stock exchange bell to signal the start of the implementation of a law that eases taxes and processes in investing in the country’s bourse.

President Ferdinand Marcos Jr. rung the stock exchange bell to signal the start of the implementation of a law that eases taxes and processes in investing in the country’s bourse.

Marcos rings PSE bell, signals implementation of new law easing investments in PH stock market

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Marcos rings PSE bell, signals implementation of new law easing investments in PH stock market

Katrina Domingo,

ABS-CBN News

Published Jul 01, 2025 12:21 PM PHT

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Updated Jul 01, 2025 01:02 PM PHT

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