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Philippine Star
Philippine Star
MANILA, Philippines — The Securities and Exchange Commission (SEC) has allowed more companies to do crowdfunding. The move is part of the SEC’s efforts to promote crowdfunding as a safe and sustainable investment option for Filipino investors and to provide more fundraising options for the country’s small and medium enterprises (SMEs), which comprise 99 percent of businesses in the country. In its meeting on Feb. 23, the SEC en banc approved the respective applications of SeedIn Technology and Eastern Securities for registration as crowdfunding intermediaries. SeedIn Technology, a debt-based c…