CEBU CITY-- The Philippines is hosting the 3rd leg of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) meetings in Cebu on July 27-30 at the NUSTAR Convention Center, as set by the council during the ABAC II meeting held in Brunei last April.
The four-day meeting in Brunei discussed various issues related to economic growth, trade, and investment in the region. On the final day of the meeting, ABAC Brunei turned over the hosting duties to ABAC Philippines.
ABAC Philippines members Sabin Aboitiz, Joanne
de Asis, and Tomas Alcantara are looking forward to showcase the warm
hospitality and rich culture of the Philippines to the 21 member economies.
“As we prepare to host ABAC in the vibrant heart of Cebu, we stand on the cusp of boundless opportunities and exciting discoveries. Let’s write a new chapter in the Asia-Pacific story, where collaboration sparks innovation, and our shared vision for a prosperous future becomes a reality.", Aboitiz Group President and Chief Executive Officer Sabin Aboitiz said.
Following the theme “Equity, Sustainability, and Opportunity,” ABAC Philippines aims to encourage more fruitful discussions and collaborations between business leaders, policymakers, and other stakeholders in the region.
This year’s theme puts a spotlight on the critical role of micro, small, and medium-sized enterprises (MSMEs) in the global economy, as well as the evolving environment, social, and governance (ESG) investing landscape.
The Philippines, known for its vibrant culture and resilient economy, offers a perfect backdrop for this important gathering. An archipelago of thousands of interconnected islands, the nation embodies the spirit of cooperation and collaboration that underpins the APEC economies.
Like the islands that work together to create a
cohesive whole, the APEC economies are interconnected and interdependent, each
contributing to the larger ecosystem. Working together, APEC economies can
navigate the challenges and seize the opportunities that lie ahead, working
towards a shared vision of sustainable and inclusive growth for all.
As the Vice-Chair of the 2023 ABAC Sustainable Growth Working Group (SGWG), Aboitiz plays a crucial role in advancing ABAC’s efforts to promote sustainable and inclusive economic growth in the region.
He is joined by ABAC Philippines member Joanne de Asis, who is also the country lead for the Financial Task Force, as well as ABAC Philippines Chair Tomas Alcantara.
“We are honored to host this important
gathering of business leaders from across the Asia-Pacific. We look forward to
providing a positive experience here in the Philippines as the Council
continues the great work and progress it has achieved in the past two
meetings,” Alcantara said.
Joanne de Asis added that as ABAC members, they are committed to promote sustainable and equitable growth in the region and they believe this meeting will provide another valuable platform for discussion and collaboration on important issues the APEC member countries face.
The ABAC Philippines group is committed to advancing the interests of the Asia-Pacific business community and contributing to the region’s economic development. The third leg of ABAC will provide an opportunity to showcase the Philippines’ potential as an investment destination and to foster greater regional cooperation and integration.
This is illustrated in the ABAC 3 invitational video conceptualized and produced by Presidential Adviser on Creative Communications Secretary Paul Soriano and his team from the Office of the Presidential Adviser on Creative Communications (OPACC). (Photos: ABAC/Lloyd Revilla)
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