APEC high level dialogue on inclusive business opens in Philippines
The high level dialogue on inclusive business of the APEC forum opened in Manila, the Philippiness on November 12, bringing in 200 leaders from the public and private sectors in 21 APEC economies.
APEC high level dialogue on inclusive business opens in Philippines (Source :apec2015)
Hanoi (VNA) –The high level dialogue on inclusive business of the Asia Pacific Economic Cooperation (APEC) forum opened in Manila, the Philippiness on November 12, bringing in 200 leaders fro𝓡m the public and private sectors in 21 APEC economic member countries.
The Philippines’ Undersecretary Department of Trade and Industry Adrian Cristobal Jr. said the dialogue focused on promoting general knowledge on inclusive business among APEC economies, particularly when Peru assumes the APEC chair in 2016 from the Philippines.
Inclusive business promotes a new form of business that directly and sustainably benefits low-income communities.
On the same day, APEC launched an initiative that would make financial services accessible to more micro, small and medium enterprises (MSMEs).
According to Philippines Minister of Finance Cesar Purisima, the Financial Infrastructure Development Network (FIDN) is a network that bring together experts from the public and private sectors, including international organisations and industry associations, to support APEC economies in undertaking financial infrastructure reforms. It was started in Makati City.
Purisima said while MSMEs contribute to over 60 percent of total employment among the APEC economies, about 40 percent of the financing needs of this sector have not been served.
The establishment of FIDN under the Cebu Action Plan (CAP) is a pathway to a more substantial finance future for the Asia-Pacific region.
FIDN was established as a specialised subgroup in the Asia Pacific Financial Forum to promote an enable financing environment for micro, small and medium enterprises to improve the sector’s access to finance.-VNA
APEC Ministers gathered at a meeting in the Philippines on September 25 to seek support policies for micro-small-, small- and medium-sized enterprise to enter the global market.
The recently adopted Cebu Action Plan featuring a roadmap towards a more sustainable financial future for Asia-Pacific, will be submitted to APEC leaders at their meeting in Manila this November.
Philippine Environment Secretary Ramon Paje has called for closer cooperation among member economies of the Asia Pacific Economic Cooperation to ensure food security and blue economy in the region.
Vietnamese President Truong Tan Sang and his spouse will attend the 23rd APEC Economic Leaders’ Meeting in Manila, the Philippines, from November 17 – 19.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
The new halal cooperation arrangement will streamline halal certification and product assurance processes, making it easier for New Zealand exporters to access the Indonesian market.
VAMAF President Datuk Shaharuddin Omar shared the plan at the association’s 103rd anniversary ceremony, noting support from the Vietnam Veterans Association. The initiative is expected to open new markets for Malaysian Halal products and improve livelihoods for its members.
APEC high level dialogue on inclusive business opens in Philippines (Source :apec2015)
