The Philippine Stock Exchange, the Securities and Exchange Commission, and the Insurance Commission are planning to relocate their headquarters to Bonifacio Global City, according to the Taguig City government.
The Intellectual Property Office and the Philippine Chamber of Commerce Inc. have already moved to their new addresses within the business district.
“The plan of the country’s top business regulators to follow suit and relocate to Taguig is an affirmative vote of confidence to a fast-rising, high-flying new premier financial center in the country that is BGC,” Mayor Lani Cayetano said in a statement Wednesday.
City Hall earlier announced that the University of the Philippines and De La Salle University are also building graduate school campuses in the area.
BGC remains the subject of a jurisdictional dispute in the Court of Appeals between Taguig and neighboring Makati City.