P30-M SEC new regional office building soon to rise in Davao City

DAVAO CITY A new building costing about P30 million for the Securities and Exchange Commission (SEC) Davao City Extension Office is in the works.

SEC-Davao head lawyer Javey Paul Francisco said bidding process for the agencys new building is now undergoing.

The two-level new building will stand at the over 1,000 square meters property owned by SEC at Juna Subdivision, Davao City.

SECs old building now standing at the property in Juna Subdivision is in four levels. Since the building is now dilapidated, SEC will construct a new one, Francisco said.

Construction of the new building will start early next year and be completed in 10 to 12 months, he said.

To improve SEC-Davaos operation, it has requested a P4-million budget to go into full computerization, Francisco said.

At present, SEC-Davao is still partially computerized.

By the time the new building is ready, SEC-Davao will also roll out its online database which will provide prepaid cards to the public in order to have easy access to SEC information and programs, he added.(PNA)

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P30-M SEC new regional office building soon to rise in Davao City