SEC broadens ESG rules, links sustainability to finance
The Securities and Exchange Commission (SEC) is preparing to expand sustainability disclosure requirements beyond publicly listed firms, signaling a broader push to embed environmental, social and governance (ESG) accountability across corporations vested with public interest.
Markets signal calm despite Middle East conflict risks
Global equities pushed higher Thursday as investors shrugged off ongoing tensions in the Middle East, with volatility signals suggesting markets see limited risk of further escalation.
Marcos: Zaldy Co arrested by Czech authorities
President Ferdinand Marcos Jr. on Thursday announced the apprehension of former AKO-Bicol Party-list Congressman Rizaldy “Zaldy” Co by Czech authorities for traveling without proper documents. Marcos said the former lawmaker wanted for his alleged role in the flood-control controversy is currently detained in Prague. he said the Philippine government is closely coordinating with Czech officials to ensure all legal procedures are followed and to facilitate his return to Manila “at the soonest possible time.” Authorities said they will keep the public informed as developments unfold.
SSS, RCBC team up to widen digital microloans
The Social Security System (SSS) and Rizal Commercial Banking Corp. have signed a memorandum of understanding to expand digital access to short-term credit, rolling out the pension fund’s LoanLite facility through RCBC’s mobile platform.
Luzon Grid under yellow alert due to power plant outages
The Luzon power grid was placed under a yellow alert from 4 p.m. to 10 p.m. on Thursday, April 16, due to several power plants going offline.
