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Marcos to ABAC: Transform business activities to address key global challenges

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Over 200 delegates attended the third meeting of the APEC Business Advisory Council in Cebu City.

CEBU, Philippines – President Ferdinand Marcos Jr. told business leaders on Friday, July 28, that economies must “transform” their business activities to help address key challenges affecting the Asia-Pacific region.

Over 200 delegates from the 21 APEC member-economies converged at the event to discuss various including climate change, food security, and energy sustainability., urged the business leaders to “accelerate efforts” in addressing structural and policy issues to produce more jobs, invite more participants into the mainstream economy, and reduce inequality.Marcos also stressed the importance of the role of the business sector as “the most aggressive agent of change in society.

“First, the government and business sector must come together to identify practical, pragmatic, and promising solutions to sustainably address pressing issues like energy insecurity, the triple threat of climate change, pollution, and biodiversity loss,” Marcos said.

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