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Pandemic forces Apec economies to change narrative in doing business, investment | Malay Mail

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KUALA LUMPUR, Nov 2 — Although the Covid-19 pandemic has caused a devastating impact on the economy, it also provides an opportunity for the Asia-Pacific Economic Cooperation (Apec) economies to leverage the present narrative in doing business and investment on a renewed trajectory. The Ministry...

Monday, 02 Nov 2020 11:58 PM MYT

The Ministry of International Trade and Industry deputy secretary general Datuk Bahria Mohd Tamil said the pandemic has challenged all stakeholders to think more deeply about the role the business and investment communities play in society, environment and the future design of policy-making that takes into account the needs for responsible and inclusive business model.

In her opening remarks at the Apec Public-Private Dialogue on Inclusive and Responsible Business and Investment here, today, Bahria said the past few decades had shown more businesses and investment institutions taking progressive steps in venturing into new business model that embraces the principles of IRBI.

In fact, the SDGs had created US$12 trillion in market opportunities in many economic sectors, including food and agriculture, cities, energy, and health and well-being, she said, quoting the Business and Sustainable Development Commission’s data in 2017.

 

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