Tag: APEC

Palace defends MMDA Chairman Francis Tolentino

MANILA, Philippines, September 8 — The palace defended Metropolitan Manila Development Authority (MMDA) Chairman Francis Tolentino from people calling for his resignation. “Patuloy ang tiwala at kumpiyansa ni Pangulong Benigno S. Aquino III kay MMDA Chairman Tolentino sa kanyang pagganap ng tungkulin.” “Sa nakalipas na limang taon, ipinakita ni Chairman Tolentino ang isang hands-on, ‘can do’ management style ng agarang pagtugon sa pangangailangan ng mga mamamayan bunsod ng bagyo at pagbaha at paghahanda sa matitinding […]

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APEC member economies form networks to address threats posed by pandemics

(CEBU CITY, Cebu) — Members of the Asia-Pacific Economic Cooperation (APEC) are strengthening their cooperation to effectively fight pandemics that could impact heavily on their economies if such threats go out of control. “We are actually forming networks. A network is important and I think they are trying to look at measures on how they can improve the surveillance of diseases,” Chairperson of the APEC 2015 Senior Officials’ Meeting (SOM), Laura del Rosario, said during […]

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Cebu sees more foreign investment from APEC hosting, says Gov. Davide

(CEBU CITY, Cebu) — Cebu’s provincial government is planning to create more economic zones and is drawing up strategies to enhance port facilities, as it gears up for increased foreign investment from the province’s hosting of the Asia-Pacific Economic Cooperation (APEC) meetings. “I am confident that after the (APEC) meetings here, there would be foreign economies and even foreign businessmen, who would express interest in investing here in Cebu,” said Governor Hilario Davide III, chair […]

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APEC delegates to meet in Cebu for 3rd Senior Officials’ Meeting

Senior officials and delegates of the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) will gather in Cebu on August 22 to September 6 for the 3rd APEC Senior Officials’ Meeting (SOM-III) and Related Meetings, Foreign Affairs Spokesperson Charles Jose said. The meeting in Cebu will be the last comprehensive senior officials’ meeting before the APEC Leaders’ Summit in November in Manila, Jose told reporters during a press briefing at the Palace. He noted […]

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APEC meeting in Iloilo to tackle major infrastructure concerns in Asia-Pacific region

ASIA-PACIFIC Economic Cooperation (APEC) delegates are meeting in Iloilo City on Thursday and Friday for the Workshop on Infrastructure Financing and Capital Market Development, which aims to address the challenges in the Asia-Pacific region’s infrastructure sector. Although Asia-Pacific economies have achieved significant progress in raising living standards, the region’s infrastructure has not kept pace with economic growth. The increasing congestion of roads, power shortages, and inadequate public services imperil hard-won economic gains for many economies in […]

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Risk pooling suggested to cushion impacts of disasters in APEC region

FINANCE stakeholders in the Asia Pacific region agreed in a two-day meeting in Bacolod City to develop a vibrant microinsurance in the region as well as create a regional risk pool mechanism to reduce risk of individual countries when there are calamities. “The meeting today is an offshoot of the finance ministers’ meeting in Tagaytay. In that meeting there was a decision to develop a disaster risk finance in APEC (Asia Pacific Economic Cooperation),” Finance […]

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APEC aims to double renewable energy projects by 2030

LAOAG CITY, Ilocos Norte (PIA) — Energy experts have raised the need to share successful renewable energy (RE) development experiences among member economies of the Asia-Pacific Economic Cooperation (APEC) to attain the goal of doubling RE projects by 2030. Director Mario Marasigan of the Department of Energy’s Renewable Energy Management Bureau, who co-chairs the APEC Expert Group on New and Renewable Energy Technologies (EGNRET), said it is important for member economies to share their RE […]

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APEC forum on energy begins in Southeast Asia’s renewable energy capital

THE 44th Meeting of the Expert Group on New and Renewable Energy Technologies (EGNRET44), a sub-working group of the Asia-Pacific Economic Cooperation (APEC), began on Monday at the Fort Ilocandia Resort Hotel in Laoag, Ilocos Norte, considered as an emerging renewable energy capital in Southeast Asia. “As an emerging renewable energy capital in the country, and even in Southeast Asia, we are proud that the province had been chosen to host the meeting to be […]

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Private sector spells out initiatives to help small businesses in Asia Pacific

(TAGAYTAY CITY, Cavite) The private sector has identified 12 initiatives that could be included in the Cebu Action Plan (CAP) to help small businesses, a private sector representative to the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) has said. In a press conference at the Summit Ridge Hotel here on Thursday, Dr. Caesar Parrenas said that these initiatives include the creation of a credit information system, the use of movable collaterals, and fixing trade […]

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Philippines calls on APEC economies to strengthen linkages in trade, investment

(TAGAYTAY CITY, Cavite) — A Philippine finance official has urged member economies of the Asia-Pacific Economic Cooperation (APEC) to intensify efforts to boost trade and investment amid the uneven pace of growth across and within economies, as they seek to maintain a high growth trajectory. During the APEC Finance and Central Bank Deputies’ Meeting held here on Thursday, National Treasurer Roberto Tan said the Asia-Pacific region is seen to be an engine of growth with […]

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APEC meetings in Tagaytay start; output to form part of Cebu Action Plan

The Department of Finance is hosting a series of related meetings on the Asia-Pacific Economic Cooperation (APEC) the output of which will form part of the Cebu Action Plan that will be launched during the APEC Finance Ministers Meeting in September in Mactan. The series of APEC meetings started Tuesday, March 3, in Tagaytay City with the Asia-Pacific Forum on Financial Inclusion.  The APEC Public Private Partnership (PPP) Experts Advisory Panel Meeting is set on […]

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APEC aims to bolster SMEs’ participation in regional and global markets

MANILA, PIA-The First Asia-Pacific Economic Cooperation (APEC) Senior Officials’ Meeting and Related Meetings, held from January 26 to February 07 at the Clark and Subic Bay Freeport Zones, supported efforts to bolster Small and Medium Enterprises’ (SMEs) participation in regional and global markets under the APEC 2015 theme to build inclusive growth in the Asia-Pacific region. This supports “Fostering SME’s participation in regional and global markets,” one of the priorities under this year’s overarching theme […]

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