SEC-Davao eyes new edifice, full computerization

THE Securities and Exchange Commission (SEC) Davao Extension Field Office is pushing for a full computerization of its operation to expedite transactions and replace the obsolete computers which were acquired some 10 years ago.

Lawyer Javey Paul Francisco, director of SEC-Davao, said a P4-million budget is needed to employ full computerization in their office. As of now, SEC-Davao operations are partially computerized.

Francisco said they are also planning to include in its service an online information inquiry, making it convenient on the part of their clients to look for just any necessary information about a company in their database.

"For this, they can use a prepaid card which has a load and a pin for inquiry," Francisco said during Monday's regular Kapehan sa Dabaw forum at the SM City Davao.

He said the technical team of SEC-Davao is just clearing some technical glitches for the implementation of this project, adding that this program can only take place when they are fully computerized.

Meanwhile, Francisco said they are set to bid out to private contractors for the construction of their new office building before the end of the year. This new infrastructure will locate right where the old office building is situated along Juna Subdivision in Matina.

After the bidding, a notice to proceed will be awarded to the lowest bidder to jump-start the construction works of the building.

Francisco said around P30 million will be allocated for the construction of the new office building, which has an area of 1,000 square meters.

However, the floor area of the soon-to-rise office space will occupy only about 750 square meters.

The building will only have two floors, which is smaller compared to the four-storey office building, according to Francisco.

Francisco said they initially intend to house other field offices in Mindanao in the old building, but changed their plans as only the SEC-Davao will now be utilizing the edifice. The old building is also housing hearing rooms in the third and fourth floors.

"We did not include the new other offices. It's just going to be the Davao extension field office, he said, adding that construction works for the new building will run about 12 months.