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Business Leaders Sound Alarm on Global Economic Uncertainty: Call for Unified APEC Action
Brisbane, Australia, 25 February 2025 – Amidst rising global economic tension, the APEC Business Advisory Council met in Brisbane this week to reaffirm its support for the value of trade and cooperation, and the original APEC commitment to free, fair, open and rules-based trade. Members expressed alarm at the escalating challenges posed by rising protectionism, […] -
APEC Business Leaders Call for Bold Actions on Sustainable Growth and Economic Integration
Lima, 12 November 2024 — With challenges becoming increasingly borderless, business leaders from across the Asia-Pacific region are calling on APEC Leaders to take decisive actions to boost sustainable and inclusive growth. The call comes as APEC Business Advisory Council (ABAC) members prepare to meet with APEC Leaders later this week in their annual dialogue. […] -
Towards Inclusive Growth and Development: Enhancing the Credit Information System of the Philippines
Credit Information: Fuelling Inclusive Growth and Development in the Philippines | With micro, small, and medium enterprises (MSMEs) being the backbone of long-term and sustainable economic growth and development in the Philippines, it is important to fuel their expansion in markets. [...] -
APEC: The Road to Lima
By: Guillermo M. Luz Philippine Daily Inquirer | August 15, 2024 I returned last week from Tokyo from our third quarterly meeting of the Apec Business Advisory Council (ABAC). Our first two meetings were in Kuala Lumpur and Hong Kong. Our final meeting will be in Lima, Peru, which will also host the APEC Leaders […] -
Asia pacific services businesses echo the call for greater APEC participation in the WTO Agreement on E-commerce
7 August 2024 – The Asia-Pacific Services Coalition (APSC) welcomes the significant region-wide convergence achieved in the WTO Joint Statement Initiative (JSI) negotiations on E-Commerce among developed and developing economies. We commend the parties for delivering an important set of provisions that have value in and of themselves, as well as serve as a building […] -
APEC businesses call for greater action amidst insufficient economic growth and increasing climate risk
Tokyo, 4 August 2024 – The APEC Business Advisory Council (ABAC) concluded its meeting in Tokyo this week, calling for decisive action to boost trade, digitalization and climate response. “Tackling trade and investment barriers, promoting digitalization, and accelerating the climate response is urgent. We can’t wait any longer” said the ABAC Chair, Mrs. Julia Torreblanca. […] -
ABAC supports greater private sector role in hydrometeorological risk financing and insurance
On June 20, APEC Business Advisory Council (ABAC) Philippines hosted a Virtual Roundtable, co-organized by ABAC and the Asia-Pacific Financial Forum (APFF) on Expanding the Private Sector’s Role in Hydrometeorological Risk (HMR) Financing and Insurance. The webinar is aimed at developing innovative solutions and support measures drawing from industry expertise in collaboration with the public […] -
Aboitiz: “Build trust and guarantee safe, responsible use of nuclear energy.”
San Francisco, California – Sabin Aboitiz, APEC Business Advisory Council (ABAC) Vice Chair for the Sustainable Growth Working Group and the President and CEO of the Aboitiz Group, presented the outcomes of the 2nd virtual round-table discussion (RTD) on nuclear energy held last month. “We need to build trust and guarantee the safe and responsible use […] -
ABAC recommends expanded cross-border data sharing and privacy enhancing technologies
On October 24, ABAC together with the Asia Pacific Financial Forum (APFF) organized the ABAC Finance Webinar on Expanded Cross-Border Data Sharing and Privacy Enhancing Technologies (PETs), and co-presented by ABAC Philippines and Aboitiz. The virtual roundtable looks at at innovations in financial services, where enhanced and secure cross-border data flows are critical. The main […] -
ABAC PH, Canada back Nuclear Energy Inclusion to APEC’s diverse energy mix
The APEC Business Advisory Council (ABAC) Philippines and ABAC Canada have received backing for the integration of nuclear energy into the energy mix to meet rising energy demands in the APEC region. The ABAC Nuclear Energy Transition roundtable hosted extensive discussions on funding mechanisms and the viability of nuclear energy as a sustainable option. These […] -
ABAC advances discussions to understand Nuclear Energy Transition
In a continuous effort to actively explore the feasibility of transitioning to nuclear energy, the APEC Business Advisory Council (ABAC) is convening a consortium of industry experts, policymakers, and thought leaders for an upcoming virtual experts roundtable on October 24, 2023. This event, a collaborative effort between ABAC Philippines and ABAC Canada, aims to foster […] -
ABAC highlights need for equity, sustainability, and opportunity in economic policies, agreements
Cebu, Philippines – Economic policies and trade agreements that will be proposed to leaders of the 21 member economies of the Asia-Pacific Economic Cooperation will always consider equity, sustainability, and opportunity, said Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) 2023 chair Dominic Ng. Ng spoke during a press conference on Sunday, July 30, held […] -
Aboitiz Data Innovation shares with ABAC business leaders the power of AI to promote sustainable and inclusive growth
On July 28, Aboitiz Data Innovation (ADI) Chief Executive Officer (CEO) Dr. David R. Hardoon kicked off discussions on the opportunities that artificial intelligence (AI) unlocks with “Who’s Afraid of AI: Making AI Work for Enterprises and Economies.” The informal session was held on the sides of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council […] -
ABAC Philippines Advocates for Stronger Collaboration Ahead of ABAC III Meeting
The Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) underscores the critical importance of collaboration and shared responsibility in shaping the future of the economies. With a focus on fostering inclusive economic growth, ABAC strives to promote a climate of cooperation, knowledge exchange, and joint efforts among economies. Recognizing the pressing need for collaborative approaches […] -
ABAC Philippines to host ABAC III in Cebu
The Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) II meeting held in Brunei last April has set the stage for a highly anticipated ABAC III, to be hosted in Cebu, Philippines in July. The four-day meeting in Brunei, which began on April 27, was attended by delegates from across the Asia-Pacific region, who discussed […] -
ABAC PH pushes for collaborative work towards sustainable, inclusive and resilient economies
Auckland, New Zealand – ABAC Philippines attends this year’s first meeting of the APEC Business Advisory Council (ABAC) being held at Auckland, New Zealand. Under the United States chairmanship with the theme, “Equity. Sustainability. Opportunity.” ABAC begins its work on further deepening integration to address the challenges of climate change and economic inclusion. ABAC I […] -
Strengthened public-private collaboration: Key to APEC 2040 vision
Bangkok, THAILAND – In this year’s APEC CEO Summit, President Ferdinand Bongbong Marcos Jr. of the Philippines underscored the key role of the government and the private sector in order to achieve APEC’s Putrajaya vision of an open, dynamic, resilient and peaceful Asia-Pacific Community by 2040. The President was joined by World Economic Forum Chairman […] -
ABAC PH: It’s all about our people
ABAC Philippines’ Sabin Aboitiz presented recommendations on further strengthening services trade and investment post-pandemic at the Regional Economic Integration Working Group (REIWG) meeting during the ABAC IV Meeting held last 13-16 November in Bangkok, Thailand. Aboitiz underscored the need to ensure that workers, entrepreneurs and small business are capable of adapting to rapid changes in […] -
Global leaders, experts convene at ABAC Forum on Skills and Services of the Future
Understanding the need for urgent action to ensure that talent and businesses alike are prepared to leverage on emerging technological trends as part of the services sector’s broader strategy for growth and recovery in the Asia-Pacific region, APEC Business Advisory Council (ABAC) REIWG Services Trade Lead Sabin M. Aboitiz brought together global thought leaders and […] -
ABAC to hold public-private dialogue on skills, services of the future
MANILA, Philippines — In a bid to foster economic recovery and boost service competitiveness among the cooperating economies, the APEC Business Advisory Council’s (ABAC) Regional Economic Integration Working Group (REIWG) on Strengthening Services Trade and Investment will be conducting a public-private dialogue featuring global thought leaders to exchange insights and best practices on the emerging […] -
ABAC-APFF Roundtable on PPPs in Pandemic Risk Transfer
Last April 20, the APEC Business Advisory Council (ABAC), Asia Pacific Financial Forum (APFF), and the APEC Disaster Risk Financing and Insurance (DRFI) Solutions Working Group, in collaboration with Munich Re, ABAC Philippines and Globe Telecom, organized a virtual roundtable on Enhancing the Region’s Resilience through PPPs in Pandemic Risk Transfer. “Our priority remains pandemic […]
