Manila, May 30 -- Finance Secretary Ralph Recto said the enactment of Republic Act (RA) 12214 or the Capital Markets Efficiency Promotion Act (CMEPA) would encourage ordinary Filipinos to invest in the Philippine capital markets and promote inclusive growth.

"We thank the President for signing the CMEPA into law. This is a landmark reform that brings capital market investments closer to the Filipino people. By making investment channels clearer, more affordable, and more accessible, especially for small investors, we open the door to greater financial inclusion for our people," Recto said in a statement on Friday.

RA 12214 is in line with President Ferdinand R. Marcos Jr.'s agenda of promoting long-term economic growth and prosperity fo...