APEC Business Advisory Council meeting, isasagawa sa Cebu City ngayong Biyernes

Transcript

00:00 Today, we will have the ABAC meeting or APEC Business Advisory Council in Cebu.

00:05 We will get an update about that from Allan Francisco live from Cebu.

00:10 Rise and shine, Allan.

00:12 Audrey, today is the first day of the APEC Business Advisory Council or ABAC meeting here in Cebu City.

00:25 Audrey, here, business leaders, policy makers and stakeholders from APEC Economist will meet

00:31 to discuss the challenges that APEC's various economies are facing.

00:36 Also, the strategies for long-term assistance and development.

00:41 Aside from the Philippines, APEC includes Thailand, Brunei Darussalam, Vietnam, Singapore, USA, Republic of Korea, Malaysia and many others.

00:49 ABAC is established by the Asia-Pacific Economic Cooperation or APEC Economic Leaders in November 1995

00:57 to provide perspective on business talks and to help APEC leaders, ministers and senior officials.

01:04 It is a non-governmental entity that is officially involved in the APEC Economic Leaders meeting through a formal dialogue.

01:11 Last night, Audrey, the ABAC meeting here in the Philippines was very hot

01:17 with delegates through local food and drinks that show the Filipino culture.

01:24 While today, the opening ceremony of President Ferdinand R. Marcos Jr. is expected.

01:29 It was first given by the administration of President Marcos to the government's members

01:34 to strengthen the economy from the effects of the COVID-19 pandemic.

01:38 Audrey expects that this meeting will give importance to micro, small and medium-sized enterprises or MSMEs

01:46 in the economic development.

01:48 It will also be the center of the changing landscape of environmental, social and governance investing.

01:54 Audrey, I will give an update later.

01:57 Live from Cebu City, back to you.

02:00 Thank you very much, Alan Francisco.