Versuchen GOLD - Frei
Senator urges use of UN treaty to catch former Rep. Zaldy Co
Business World Philippines
|December 15, 2025
THE PHILIPPINE government can harness the United Nations’ (UN) anti-corruption treaty to track down a former congressman linked to the multibillion-peso flood control scandal, a senator said.
-
In a statement on Sunday, Senator Panfilo M. Lacson said that the government can utilize the United Nations Convention Against Corruption (UNCAC) to locate and arrest ex-Party-list Rep. Elizaldy “Zaldy” S. Co.
“One option the Philippine government may explore is to tap the UNCAC, where we are a signatory,” he added. “If we tap the resources of 191 other countries, you can imagine how our efforts to locate and arrest Co will be easier.”
Mr. Co’s legal counsel did not immediately reply to a Viber message seeking comment.
Mr. Co, a former House Appropriations Committee chairman, has been implicated in anomalous flood control projects. He has been abroad since the scandal broke out.
Diese Geschichte stammt aus der December 15, 2025-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
Financial system resources grow to P35.3 trillion
THE TOTAL RESOURCES of the Philippines’ financial system climbed to over P35 trillion as of October, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
2 mins
December 17, 2025
Business World Philippines
Standout vehicles in steady 2025
VEHICLE SALES in the Philippines post modest growth in 2025 as the industry heads into the final months of the year with tempered momentum but steady demand.
4 mins
December 17, 2025
Business World Philippines
Corruption to weigh on growth until '27
PHILIPPINE ECONOMIC GROWTH may continue to undershoot the government's targets until 2027 amid the ongoing flood control corruption scandal, Capital Economics said.
2 mins
December 17, 2025
Business World Philippines
Nasdaq seeks to extend trading hours as Wall Street gears up for 24/7 move
Nasdaq, one of the world’s largest exchanges that is home to tech companies Nvidia, Apple and Amazon, is planning to submit paperwork with the US Securities and Exchange Commission (SEC) on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for US equities.
3 mins
December 17, 2025
Business World Philippines
Maharlika fund to invest P8B in Tanco-led ATI
THE PHILIPPINES' sovereign wealth fund plans to spend about P8 billion to buy up to 11.2% of port operator Asian Terminals, Inc. (ATI) in a \"strategic\" move to invest in the sector.
3 mins
December 17, 2025
Business World Philippines
PEZA eyes P300-B investments in 2026
Economic Zone Authority (PEZA) is hoping to breach the P300-billion level in investment approvals in 2026 amid a strong pipeline.\"From its early years to its peak of P319 billion in approved investments in 2011, PEZA has demonstrated strength, adaptability, and resilience amid global disruptions and economic headwinds,\" said PEZA Director-General Tereso O. Panga at the agency's 30th anniversary event on Monday.
2 mins
December 17, 2025
Business World Philippines
PayPal files for bank charter in lending push
PAYMENTS FIRM PayPal said on Monday it has applied to establish a bank in the United States, as companies rush to capitalize on a friendly regulatory environment under the Trump administration.
1 min
December 17, 2025
Business World Philippines
Lucio Co's Crystal Bridges to take over PrimeWater
LUCIO L. CO-LED Crystal Bridges Holdings Corp. is set to take full control of Villar-led PrimeWater Infrastructure Corp., allowing the company to operate the latter's entire portfolio across the country.
1 mins
December 17, 2025
Business World Philippines
Philippines still under heightened threat of money laundering
THE PHILIPPINES remains under heightened threat of money laundering due to the prevalence of crimes such as drug trafficking, financial fraud and tax evasion, a study by the Anti-Money Laundering Council (AMLC) showed.
3 mins
December 17, 2025
Business World Philippines
From clean water to power
Given the vast experiences of Spanish companies in building mini dams, it would be logical that our Government and the private sector should turn to Spanish infrastructure companies as potential business partners in this very important industry.
4 mins
December 17, 2025
Listen
Translate
Change font size
