Tag: APEC

Philippines launches e-counters at airports

The Department of Justice (DOJ) – Bureau of Immigration (BI) today launched the BI Information System (BIIS) E-Counter Project at Terminal 3 of the Ninoy Aquino International Airport. The e-counters are designed for passengers’ convenience and welfare – simplified process and faster processing. The estimated inter-phase time is one minute per person. It will scan passports, verify fingerprints and photos electronically. Once cleared, the passenger may directly access the express or APEC lanes for immediate […]

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Public, private sectors craft measures to address food wastage

QUEZON CITY, Sep. 29 — Member economies of the Asia-Pacific economic region forged a stronger public-private partnership which seeks to reduce, if not eliminate, food losses in the supply chain of fishery and livestock, in one of the meetings of the Asia-Pacific Economic Cooperation (APEC) Food Security Week. During a seminar organized by the Ministry of Agriculture of the Chinese Taipei and the Ministry for Primary Industries of New Zealand with the Philippine Center for […]

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APEC economies urged to provide more diversified financial instruments for small, medium businesses

The 21 member economies of the Asia-Pacific Economic Cooperation (APEC) have been urged to provide diversified financial instruments that would suit the changing needs of micro, small, and medium enterprises (MSMEs) in the region. Chair of the APEC Business Advisory Council (ABAC), Doris Magsaysay-Ho, on Tuesday said broadening the range of financing instruments available to MSMEs is key to achieving financial inclusion and will help these enterprises expand their businesses. Ho, who is also the […]

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Philippines’ E-Commerce Roadmap seeks faster internet speed, better tax system for small businesses

(MANILA) The Philippines’ E-Commerce Roadmap 2015-2020 aims to make the country’s Internet bandwidth faster and its tax system “friendlier” for micro, small, and medium enterprises (MSMEs), an e-commerce advocate and expert told Asia-Pacific Economic Cooperation (APEC) participants here Thursday. During the APEC Public-Private Dialogue on Women and the Economy, held at the Philippine International Convention Center, Janette Toral of digitalfilipino.com, a website launched in 1999 that specializes in e-commerce, social media, and Internet marketing, highlighted […]

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After APEC, Philippines to host ASEAN

The Philippines will be hosting the Association of Southeast Asian Nation’s summit in 2017. The information came from the Department of Finance Secretary Cesar Purisima in the middle of the press briefing of the recently concluded Asia Pacific Economic Cooperation (APEC) finance ministers’ meeting on Friday and launching of the Cebu Action Plan (CAP) at the Shangri-La Mactan Resort and Spa in Lapu-Lapu City. Purisima, however, did not cite further details of the hosting. Cebu […]

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Aquino hopes DTI Sec Domingo will stay on until after APEC summit in November

  (Eagle News) – President Benigno Aquino III said he is hoping Trade and Industry Secretary Gregory Domingo will finish work related to the country’s hosting of the Asia Pacific Economic Cooperation (APEC) summit in November before he leaves the government to go back to the private sector. The President said he is set to meet with Domingo this week to discuss the latter’s resignation. The President confirmed that Domingo had indeed submitted his resignation […]

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APEC hopes Cebu Action Plan as inspiring as Bogor Goals

MACTAN, Cebu – Finance Ministers of the Asia-Pacific Economic Cooperation (APEC) have one fervent wish for the Cebu Action Plan (CAP): that it may end up like the Bogor Goals of 1994. “It is our hope,” said Finance Secretary Cesar V. Purisima, “that the Cebu Action Plan is going to be referred to again and again in a similar way to how the trade ministers continually refer to the Bogor Goals of 1994 in order […]

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IMF to PH: Get more people to pay taxes while lowering income tax rate

CEBU CITY, Cebu – As the Philippine Congress seeks to finalize a comprehensive tax reform law, the International Monetary Fund (IMF) has proposed that the country get more people to pay taxes while it lowers its income tax rate. Doing so would safeguard the country’s revenue stream, said IMF Resident Representative to the Philippines Shanaka Jayanath Peiris during a press briefing at the sidelines of the Asia-Pacific Economic Cooperation (APEC) meetings. “A comprehensive approach would […]

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World Bank exec advises Asia-Pacific countries to invest in education to address inequality

(LAPU-LAPU CITY, Cebu) Asia Pacific countries should invest in education and social protection to address inequality within their economies and this includes the Philippines, a World Bank official said on Friday. In his message during the APEC Finance Ministers’ Meeting here, World Bank Vice President for East Asia and the Pacific, Axel van Trotsenburg, said most poor households rely on labor as their only source of income. Making labor productive through quality education and skills […]

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Aquino boasts of economic achievements at APEC meet; praises Cebu Action Plan

(Eagle News) — President Aquino on Thursday (Sept. 10) told finance ministers attending the Asia Pacific Economic Conference (APEC) in Cebu province of the Philippine experience in mounting an economic turn-around that the government under his watch was able to do, and equated this to the promise of economic prosperity that APEC brings. Addressing the start of the two-day APEC Finance Ministers Meeting at the Shangrila Hotel in Lapu-Lapu City, Cebu, the President boasted of his administration’s achievements […]

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APEC members agree on renewed agenda for structural reform in next five years

(CEBU CITY, Cebu) Senior officials of member economies of the Asia-Pacific Economic Cooperation (APEC) set forth this week the Renewed APEC Agenda for Structural Reform (RAASR) 2016-2020 to meet the needs and priorities of the economic bloc in the next five years and beyond. “We invite leaders of APEC economies leaders to jointly pledge to undertake robust, comprehensive and ambitious structural reforms to reduce inequality and stimulate growth in their economies,” APEC senior officials said […]

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