APEC Business Advisory Council Philippines

APEC Business Advisory Council Philippines The APEC Business Advisory Council (ABAC) is the sole non-government body with official role in APEC

๐—”๐—•๐—”๐—– ๐—ฎ๐—ฑ๐—ผ๐—ฝ๐˜๐˜€ ๐—ฟ๐—ฒ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—”๐—ฃ๐—˜๐—– ๐—Ÿ๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฟ๐˜€ ๐—ฎ๐˜€ ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐—ต๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€ ๐˜„๐—ต๐—ฎ๐˜ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—บ๐—ผ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ถ๐—น๐—ถ๐—ฝ๐—ถ๐—ป๐—ผ ๐˜„๐—ผ๐—ฟ๐—ธ๐—ฒ๐—ฟ๐˜€, ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ...
15/07/2026

๐—”๐—•๐—”๐—– ๐—ฎ๐—ฑ๐—ผ๐—ฝ๐˜๐˜€ ๐—ฟ๐—ฒ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—”๐—ฃ๐—˜๐—– ๐—Ÿ๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฟ๐˜€ ๐—ฎ๐˜€ ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐—ต๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€ ๐˜„๐—ต๐—ฎ๐˜ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—บ๐—ผ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ถ๐—น๐—ถ๐—ฝ๐—ถ๐—ป๐—ผ ๐˜„๐—ผ๐—ฟ๐—ธ๐—ฒ๐—ฟ๐˜€, ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€, ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ผ๐—บ๐—บ๐˜‚๐—ป๐—ถ๐˜๐—ถ๐—ฒ๐˜€

The APEC Business Advisory Council (ABAC) successfully concluded its Third Meeting for 2026 in Bangkok, Thailand, establishing a comprehensive set of business recommendations aimed at strengthening regional competitiveness, supply chain resilience, and digital capabilities across the Asia-Pacific.

Representing the Philippines, ABAC Member Mr. Kevin Tan advanced national priorities designed to position the domestic economy for sustained, technology-driven growth in the region.

"๐—ง๐—ต๐—ฒ ๐—ฑ๐—ถ๐˜€๐—ฐ๐˜‚๐˜€๐˜€๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐˜ ๐—”๐—•๐—”๐—– ๐—ฟ๐—ฒ๐—ฎ๐—ณ๐—ณ๐—ถ๐—ฟ๐—บ ๐˜๐—ต๐—ฎ๐˜ ๐—ฑ๐—ฒ๐—ฒ๐—ฝ๐—ฒ๐—ฟ ๐—ฟ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฐ๐—ผ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐˜€ ๐—ป๐—ผ๐˜ ๐—ท๐˜‚๐˜€๐˜ ๐—ด๐—ผ๐—ผ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ถ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฒ๐˜€โ€”๐—ถ๐˜ ๐—ถ๐˜€ ๐—ด๐—ผ๐—ผ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—™๐—ถ๐—น๐—ถ๐—ฝ๐—ถ๐—ป๐—ผ,โ€ said Mr. Tan. โ€œBy advancing free trade, digital connectivity, resilient supply chains, and sustainable investment across the Asia-Pacific, we can create better jobs, attract higher-quality investments, empower our MSMEs, and ensure that the Philippines shares more fully in the region's growth and prosperity.โ€

The council adopted several high-impact recommendations for submission to APEC Economic Leaders this November, focusing on the following pillars:

๐Ÿ”น ๐—”๐—ฐ๐—ฐ๐—ฒ๐—น๐—ฒ๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฑ & ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—ฒ๐—ฑ ๐—”๐—œ ๐—”๐—ฑ๐—ผ๐—ฝ๐˜๐—ถ๐—ผ๐—ป: Prioritizing cross-border workforce upskilling alongside synchronized data legislation and common digital standards to safeguard transactions and encourage institutional innovation.
๐Ÿ”น ๐—ฆ๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—น๐—ฒ ๐—œ๐—ป๐—ณ๐—ฟ๐—ฎ๐˜€๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜: Expanding energy-efficient digital infrastructure and green data centers to support rising technology demands while maintaining long-term energy security.
๐Ÿ”น ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—น๐˜† ๐—–๐—ต๐—ฎ๐—ถ๐—ป & ๐—™๐—ผ๐—ผ๐—ฑ ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜†: Urging the systematic reduction of non-tariff barriers to insulate local markets from agricultural supply shocks
๐Ÿ”น ๐—˜๐—ป๐—ต๐—ฎ๐—ป๐—ฐ๐—ฒ๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—–๐—ผ๐—ป๐—ป๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ถ๐˜๐˜†: Accelerating progress toward the Free Trade Area of the Asia-Pacific (FTAAP) and the Open Skies agenda to streamline cross-border transit, trade, and educational exchange.

On the sidelines of the plenary, Mr. Tan chaired the ๐—”๐—ฆ๐—˜๐—”๐—ก-๐—”๐—•๐—”๐—– ๐—–๐—ฎ๐˜‚๐—ฐ๐˜‚๐˜€, a meeting of ABAC Members who are a part of or involved in ASEAN. This session successfully aligned outcomes from the ASEAN Summit in Cebuโ€”including the ASEAN Digital Economy Framework Agreement (DEFA) and the proposed ASEAN AI Center for MSME Growthโ€”with ABACโ€™s broader regional goals. Contributions from ABAC Singapore and ABAC Canada further strengthened commitments for interoperable green trade as well as AI development and cybersecurity networks. ABAC Philippines looks forward to deepening these strategic economic dialogues between ABAC and ASEAN.

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BANGKOK, Thailand, 9 July 2026 โ€” Business leaders from the 21 APEC economies today concluded the Third Meeting of the APEC Business Advisory Council (ABAC), held from 6 to 9 July in Bangkok, adopting recommendations on artificial intelligence (AI), trade, connectivity, food security, and sustainab...

15/07/2026

Thailand's Prime Minister H.E. Anutin Charnvirakul, who delivered the keynote address at the opening session โ€”Photo from the Apec Business Advisory Council Philippines MANILA, Philippines

08/07/2026

Bilyonaryo Kevin L. Tan, president and chief executive officer of Alliance Global Group, made his official debut on the APEC Business Advisory Council (ABAC), joining private sector leaders in Bangkok to draft policy recommendations for Asia-Pacific leaders amid slowing global growth and rising trade tensions.

Read full story in the comments.

๐—ง๐—ต๐—ฒ ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐—ฒ๐—ป๐˜๐—ฒ๐—ฟ๐˜€ ๐—”๐—•๐—”๐—– ๐—œ๐—œ๐—œ ๐˜„๐—ถ๐˜๐—ต ๐—ฎ ๐—ป๐—ฒ๐˜„ ๐—บ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐—ฎ๐˜€ ๐—”๐˜€๐—ถ๐—ฎ-๐—ฃ๐—ฎ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€ ๐—ฝ๐˜‚๐˜€๐—ต ๐—ณ๐—ผ๐—ฟ ๐—ณ๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜, ๐˜€๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ฒ,...
08/07/2026

๐—ง๐—ต๐—ฒ ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐—ฒ๐—ป๐˜๐—ฒ๐—ฟ๐˜€ ๐—”๐—•๐—”๐—– ๐—œ๐—œ๐—œ ๐˜„๐—ถ๐˜๐—ต ๐—ฎ ๐—ป๐—ฒ๐˜„ ๐—บ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐—ฎ๐˜€ ๐—”๐˜€๐—ถ๐—ฎ-๐—ฃ๐—ฎ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€ ๐—ฝ๐˜‚๐˜€๐—ต ๐—ณ๐—ผ๐—ฟ ๐—ณ๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜, ๐˜€๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐—”๐—œ ๐—ฟ๐—ฒ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ฒ๐˜€๐˜€

Amid slowing global growth and complex trade landscapes, the Third Meeting of the APEC Business Advisory Council (ABAC) of 2026 held in Bangkok, Thailand from July 6-9, focused on cross-cutting initiatives, including strengthening regional supply chains, accelerating digital transformation, and charting a sustainable future.

Expounding on the synergy between digital transformation and sustainability, ABAC Philippines, represented by new member, Mr. Kevin Tan, emphasized balanced Artificial Intelligence (AI) innovation through enabling regional regulations and partnerships, focused industry applications, and efficient and clean energy usage.

Thailand Prime Minister H.E. Anutin Charnvirakul supported ABAC's efforts by amplifying calls to regional governments to remove operational barriers, minimize bureaucracy, and create clearer pathways for critical investments.

The private sector recommendations endorsed throughout 2026 will be consolidated into Letters to Ministers and the ABAC Report to Economic Leaders, which will be presented to APEC Leaders in Shenzhen, China in November.

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BANGKOK, Thailand, 7 July 2026 โ€” The Philippines joined business leaders from the 21 APEC economies today as the APEC Business Advisory Council (ABAC) opened its Third Meeting in Bangkok, with newly appointed ABAC Philippines Member Kevin L. Tan, President and Chief Executive Officer of Alliance G...

The APEC Business Advisory Council (ABAC) convened its second meeting of 2026 on April 22 to 25 in Mexico City. Business...
28/04/2026

The APEC Business Advisory Council (ABAC) convened its second meeting of 2026 on April 22 to 25 in Mexico City.

Business leaders in the Asia-Pacific concluded with one clear message: ๐˜๐—ต๐—ฒ ๐—ด๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜ ๐—ฒ๐—ป๐˜ƒ๐—ถ๐—ฟ๐—ผ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—ถ๐˜€ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ ๐—ฎ๐—ฐ๐˜‚๐˜๐—ฒ ๐˜€๐˜๐—ฟ๐—ฒ๐˜€๐˜€, ๐—ฎ๐—ป๐—ฑ ๐—ฏ๐—ผ๐—น๐—ฑ, ๐—ฐ๐—ผ๐—ผ๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐˜€ ๐—ป๐—ฒ๐—ฒ๐—ฑ๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ฟ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐—ฒ ๐—ฐ๐—ผ๐—ป๐—ณ๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ, ๐—ฟ๐—ฒ๐˜€๐—ถ๐—น๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐—น๐—ผ๐—ป๐—ด-๐˜๐—ฒ๐—ฟ๐—บ ๐—ฝ๐—ฟ๐—ผ๐˜€๐—ฝ๐—ฒ๐—ฟ๐—ถ๐˜๐˜† ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐˜๐—ต๐—ฒ ๐—”๐˜€๐—ถ๐—ฎ-๐—ฃ๐—ฎ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ.

ABAC reaffirms its commitment to work side-by-side with APEC Leaders and Ministers to advance key priorities, including:
โ€ขโ  โ advance a Free Trade Area of the Asia-Pacific (FTAAP)
โ€ขโ  โ strengthen supply chain resilience and connectivity
โ€ขโ  โ improve trade and logistics infrastructure
โ€ขโ  โ expand market diversification and open food trade
โ€ขโ  โ accelerate digital trade and transformation
โ€ขโ  โ promote womenโ€™s economic empowerment
โ€ขโ  โ enhance disaster resilience

These recommendations and opportunities for public-private collaboration will be elaborated in the ABAC Letters to Leaders and Ministers.

April 25, 2026, Mexico City, Mexico โ€“ The APEC Business Advisory Council (ABAC), representing the regionโ€™s large, diverse and dynamic business community, convened its Second Meeting for 2026 in Mexico City from 22 to 25 April with a clear and urgent message: the global trade and investment envir...

On April 17, ABAC Philippines Alternate Members Amb. Francis Chua and Mr. Guillermo Luz met with delegates from the Chin...
17/04/2026

On April 17, ABAC Philippines Alternate Members Amb. Francis Chua and Mr. Guillermo Luz met with delegates from the China Council for the Promotion of International Trade (CCPIT) Guangdong Province, led by Mr. Yao Xinmin, and the Canton Chamber of Commerce in the Philippines, led by Mr. Kevin Lim, to discuss cooperation in priority areas, including supply chain resilience, renewable energy, and robotics. The dialogue underscored the importance of strengthening cross-border industry linkages and advancing practical collaboration in emerging sectors.

We thank CCPIT Guangdong Province and Canton Chamber for their time and commitment towards shared prosperity and sustainability.

On April 8, 2026, ABAC Philippines Alternate Member Guillermo Luz moderated a session at the ASEAN BAC-ABAC APFF Southea...
08/04/2026

On April 8, 2026, ABAC Philippines Alternate Member Guillermo Luz moderated a session at the ASEAN BAC-ABAC APFF Southeast Asia Conference 2026 titled, "๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—ฎ ๐——๐—ถ๐—ด๐—ถ๐˜๐—ฎ๐—น, ๐—œ๐—ป๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ, ๐—ฆ๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—น๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—น๐—ถ๐—ฒ๐—ป๐˜ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ผ๐˜‚๐˜๐—ต๐—ฒ๐—ฎ๐˜€๐˜ ๐—”๐˜€๐—ถ๐—ฎ."

The session, "๐—ฆ๐—ฐ๐—ฎ๐—น๐—ถ๐—ป๐—ด ๐—จ๐—ฝ ๐——๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฎ๐—ป๐—ฑ ๐—ฃ๐—ฎ๐—ป๐—ฑ๐—ฒ๐—บ๐—ถ๐—ฐ ๐—ฅ๐—ถ๐˜€๐—ธ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—ฎ๐—ป๐—ฑ ๐—œ๐—ป๐˜€๐˜‚๐—ฟ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐˜๐—ต๐—ฟ๐—ผ๐˜‚๐—ด๐—ต ๐—•๐—ฟ๐—ผ๐—ฎ๐—ฑ๐—ฒ๐—ฟ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ฃ๐—ฎ๐—ฟ๐˜๐—ถ๐—ฐ๐—ถ๐—ฝ๐—ฎ๐˜๐—ถ๐—ผ๐—ป,โ€ focused on:
๐Ÿ“ ๐—–๐—ฟ๐—ฎ๐—ณ๐˜๐—ถ๐—ป๐—ด ๐—ถ๐—ป๐˜๐—ฒ๐—ด๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ฑ๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฟ๐—ถ๐˜€๐—ธ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ณ๐—ฟ๐—ฎ๐—บ๐—ฒ๐˜„๐—ผ๐—ฟ๐—ธ๐˜€ (e.g., among ASEAN and APEC) that clarify and strenghten roles of economies and their cities, multilateral institutions, and private sector players as well as distribute risks better across many players
๐Ÿ“ ๐—˜๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ถ๐—ป๐—ด ๐—ถ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ฑ๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฟ๐—ถ๐˜€๐—ธ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ถ๐—ป๐˜€๐˜๐˜‚๐—ฟ๐—บ๐—ฒ๐—ป๐˜๐˜€ (๐——๐—ฅ๐—™๐—œ๐˜€), such as catastrophe bonds and other parametric-based instruments, that offer economies enhanced funds and ability to act prior to a disaster
๐Ÿ“ โ ๐—˜๐˜…๐—ฝ๐—ฎ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ณ๐—ผ๐—ฐ๐˜‚๐˜€ ๐—ผ๐—ณ ๐——๐—ฅ๐—™๐—œ๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฎ ๐˜€๐—ถ๐—ป๐—ด๐—น๐—ฒ ๐—ฑ๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐˜๐—ผ ๐—บ๐˜‚๐—น๐˜๐—ถ๐—ฝ๐—น๐—ฒ ๐—ฑ๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ๐˜€, encompassing prevalent natural disaster and pandemic risks in an economy and region for greater risk coverage

The discussion with panelists, ๐— ๐˜€. ๐— ๐—ถ๐—ป ๐—›๐˜‚๐—ป๐—ด ๐—–๐—ต๐—ฒ๐—ป๐—ด (CEO, Global Asia Insurance Partnership), ๐— ๐—ฟ. ๐—๐˜‚๐˜€๐˜๐—ถ๐—ป ๐—ง๐—ฎ๐—ป๐—ท๐˜‚๐—ฎ๐—ธ๐—ถ๐—ผ (Director, Insurance Industry Practice Lead, Moodyโ€™s Analytics), ๐——๐—ฟ. ๐—š๐˜‚๐—ป๐˜๐—ต๐—ฒ๐—ฟ ๐—ž๐—ฟ๐—ฎ๐˜‚๐˜ (Sherpa, APFF Pandemic Insurance Working Group and Global Head, Epidemic Risk Solutions, Munich Re), and ๐— ๐—ฟ. ๐—ฃ๐—ฟ๐—ฒ๐—บ๐—ฎ๐˜€๐—ถ๐˜€ ๐— ๐˜‚๐—ธ๐—ต๐—ฒ๐—ฟ๐—ท๐—ฒ๐—ฒ (Senior Financial Sector Specialist, Asian Development Bank), reinforces ABAC Philippinesโ€™ push to strengthen regional disaster resilience through cross-border coordination, deeper private sector participation, and more scalable risk financing models.

We thank the organizers, APEC Business Advisory Council (ABAC), ASEAN Business Advisory Council (ASEAN BAC), and ABAC Asia Pacific Financial Forum (APFF), for hosting the event.

๐—”๐—•๐—”๐—– ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐˜๐—ฎ๐—ธ๐—ฒ๐˜€ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—–๐—ต๐—ฎ๐—ถ๐—ฟ๐—บ๐—ฎ๐—ป๐˜€๐—ต๐—ถ๐—ฝ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—”๐—•๐—”๐—–โ€“๐—”๐—ฆ๐—˜๐—”๐—ก ๐—–๐—ฎ๐˜‚๐—ฐ๐˜‚๐˜€The handover took place during the first ABAC 2026 me...
25/03/2026

๐—”๐—•๐—”๐—– ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐˜๐—ฎ๐—ธ๐—ฒ๐˜€ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—–๐—ต๐—ฎ๐—ถ๐—ฟ๐—บ๐—ฎ๐—ป๐˜€๐—ต๐—ถ๐—ฝ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—”๐—•๐—”๐—–โ€“๐—”๐—ฆ๐—˜๐—”๐—ก ๐—–๐—ฎ๐˜‚๐—ฐ๐˜‚๐˜€

The handover took place during the first ABAC 2026 meeting, marking the transition from ABAC Malaysia (2025 Chair), represented by ABAC Member Datoโ€™ Hazimah Zainuddin, to ABAC Philippines (2026 Chair). Philippine Permanent Representative to ASEAN Evangeline T. Ong Jimenez-Ducrocq joined the meeting and delivered remarks on behalf of the ABAC Philippines chairmanship.

The Caucus brings together ASEAN ABAC members to align priorities, advance regional initiatives, and engage with partners across APEC.

Building on Malaysiaโ€™s progress, ABAC Philippines outlined its 2026 priorities:
1.โ  โ Enhance trade and investment across ASEAN
2.โ  โ โ Strengthen economic connectivity
3.โ  โ โ Advance inclusive and sustainable development
4.โ  โ โ Accelerate business transformation for the digital economy

PR Ducrocq supported this vision, โ€œthis Caucus reflects the strong alignment in the work priorities and shared aspirations of ABAC and ASEAN, providing a space for us to build bridges, deepen coordination, and amplify ASEANโ€™s voice in shaping the Asia-Pacificโ€™s economic agenda.โ€

Read More: https://abac.ph/2026/02/08/abac-philippines-receives-the-chairmanship-for-the-abac-asean-caucus-from-abac-malaysia/

๐—”๐—•๐—”๐—– ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐—–๐—ต๐—ฎ๐—บ๐—ฝ๐—ถ๐—ผ๐—ป๐˜€ ๐——๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—น๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ; ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€โ€™ ๐—ฃ๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฒ๐—ป๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐˜๐—ผ ๐—”๐—ฆ๐—˜๐—”๐—ก ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜€ ๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐—”๐—ฃ๐—˜๐—–-๐—”๐—ฆ...
24/03/2026

๐—”๐—•๐—”๐—– ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€ ๐—–๐—ต๐—ฎ๐—บ๐—ฝ๐—ถ๐—ผ๐—ป๐˜€ ๐——๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—น๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ; ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€โ€™ ๐—ฃ๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฒ๐—ป๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐˜๐—ผ ๐—”๐—ฆ๐—˜๐—”๐—ก ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜€ ๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐—”๐—ฃ๐—˜๐—–-๐—”๐—ฆ๐—˜๐—”๐—ก ๐—ฃ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ ๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—™๐—ถ๐—ฟ๐˜€๐˜ ๐— ๐—ฒ๐—ฒ๐˜๐—ถ๐—ป๐—ด ๐—ผ๐—ณ ๐—”๐—•๐—”๐—– ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ

On February 10, 2026, the first meeting of ABAC 2026 in Jakarta, Indonesia formally launched its annual work program under the theme: โ€œ๐—ข๐—ฝ๐—ฒ๐—ป๐—ป๐—ฒ๐˜€๐˜€, ๐—–๐—ผ๐—ป๐—ป๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ถ๐˜๐˜†, ๐—ฆ๐˜†๐—ป๐—ฒ๐—ฟ๐—ด๐˜†,โ€ reaffirming the Asia-Pacific business communityโ€™s commitment to open markets, deeper regional integration, and collaborative innovation as foundations for sustainable economic growth.

ABAC Philippines supports this mission, particularly by advancing disaster resilience in the region, among others. ABAC Philippinesโ€™ โ€œ๐—™๐—ฟ๐—ผ๐—บ ๐—ฅ๐—ถ๐˜€๐—ธ ๐˜๐—ผ ๐—ฅ๐—ฒ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ฒ๐˜€๐˜€: ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ถ๐—ป๐—ด ๐—•๐—ฒ๐˜€๐˜ ๐—ฃ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐——๐—ถ๐˜€๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—น๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒโ€ forum and report, led by Alternate Member Guillermo Luz, re-emphasized the regionโ€™s very high exposure to natural disasters. Yet APEC has the potential to be at the forefront of responsive, technology-driven, and collaborative disaster resilience policies and programs. Following the presentation of the report, the Council unanimously agreed and endorsed ABAC Philippinesโ€™ recommendations to boost disaster prevention and preparedness.

Read More: https://abac.ph/2026/02/10/abac-philippines-champions-disaster-resilience-philippines-permanent-representative-to-asean-supports-stronger-apec-asean-partnership-at-the-first-meeting-of-abac-2026/

13/03/2026

Why does APEC refer to its members as economies?

In APEC, members participate as economies because cooperation focuses on economic and trade issues. This reflects APECโ€™s role as a forum for regional economic cooperation across the Asia-Pacific.

Today, APEC brings together 21 economies across the region to promote trade, cooperation and sustainable growth.

Explore more terms in the APEC Glossary:
https://www.apec.org/glossary

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