SunStar
+ February 15, 2021 IN A recent award ceremony, the Securities and Exchange Commission (SEC) and the Institute of Corporate Directors (ICD) lauded four Ayala companies for leading the way in terms of corporate governance in the country.
Ayala Land Inc. (ALI) and Globe Telecom made it to the top three Philippine publicly-listed companies (PLCs) while Ayala Corporation and Bank of the Philippine Islands (BPI) were among companies who made it to the Asean Asset Class.
The occasion was the recognition of the awardees of the 2019 Asean Corporate Governance Scorecard (ACGS) Philippines Awards.
By way of background, SEC Chairman Emilio Aquino explained that the Asean Capital Markets Forum (ACMF), in partnership with the Asian Development Bank (ADB), developed the Asean Scorecard as part of its efforts to promote regional integration in the Asean region.
MANILA (Philippine Daily Inquirer/ANN): Globe dominated the Asean Corporate Governance Scorecard (ACGS) in a virtual awarding ceremony held on Friday (Jan 29).
The Securities and Exchange Commission (SEC) with the Institute of Corporate Directors (ICD) recognised Globe and other Philippine companies which excelled in the 2019 ACGS assessment.
Globe won in all prestigious award categories, being the lone telco to do so, among publicly listed firms in six of the participating Asean member countries – namely Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines.
“Corporate Governance plays a significant role in the Globe Purpose. Our vision mission and core values are manifestations of how engrained corporate governance is in the business, ” said Globe President and CEO Ernest Cu.
Image: Wikimedia Commons
There’s been much agitation and kopitiam talk about reports that Malaysia is falling behind its regional neighbours in attracting foreign direct investment (FDI), including supposedly losing out on key strategic investments.
Some point to a June 2020 United Nations Conference on Trade & Development as the basis for the grim talk: “Foreign direct investment to developing economies in Asia . is projected to decline by up to 45% in 2020”. The report also highlighted that Indonesia, Singapore and Vietnam received more than 80% of the US$156bil (RM626.7bil) in FDI that Asean countries pulled in 2020. Only 5%, or just US$7.8bil (RM31.3bil), went to Malaysia – which of course doesn’t seem to augur well for us.
Asean capital markets prioritise sustainable network
published : 16 Dec 2020 at 04:00
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Asean Capital Markets Forum (ACMF) is prioritising transparency, regulatory harmonisation and capital building for its next five-year action plan, aiming to sustainably grow regional capital markets and support environmental, social and governance (ESG) transactions.
Ruenvadee Suwanmongkol, secretary-general of Thailand s Securities and Exchange Commission (SEC), attended the 33rd ACMF Chairs Meeting virtually yesterday to endorse five key priorities for ACMF s 2021-25 action plan.
The plan s five priorities comprise improving levels of transparency and disclosure, continuing regulatory harmonisation, intensifying capacity building, amplifying communication and awareness, and strengthening cooperation and coordination.
The meeting also welcomed the provision of technical assistance from the Asian Development Bank (ADB) to engage the climate bonds initiative, sup
Sats comes out on top in latest Asean Corporate Governance Scorecard businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.