World

APEC high level dialogue on inclusive business opens in Philippines

The high level dialogue on inclusive business of the APEC forum opened in Manila, the Philippiness on November 12, bringing in 200 leaders from the public and private sectors in 21 APEC economies.
APEC high level dialogue on inclusive business opens in Philippines ảnh 1APEC high level dialogue on inclusive business opens in Philippines (Source :apec2015)

Hanoi (VNA) –The high level dialogue on inclusive business of the Asia Pacific Economic Cooperation (APEC) forum opened in Manila, the Philippiness on November 12, bringing in 200 leaders from the public and private sectors in 21 APEC economic member countries.

The Philippines’ Undersecretary Department of Trade and Industry Adrian Cristobal Jr. said the dialogue focused on promoting general knowledge on inclusive business among APEC economies, particularly when Peru assumes the APEC chair in 2016 from the Philippines.

Inclusive business promotes a new form of business that directly and sustainably benefits low-income communities.

On the same day, APEC launched an initiative that would make financial services accessible to more micro, small and medium enterprises (MSMEs).

According to Philippines Minister of Finance Cesar Purisima, the Financial Infrastructure Development Network (FIDN) is a network that bring together experts from the public and private sectors, including international organisations and industry associations, to support APEC economies in undertaking financial infrastructure reforms. It was started in Makati City.

Purisima said while MSMEs contribute to over 60 percent of total employment among the APEC economies, about 40 percent of the financing needs of this sector have not been served.

The establishment of FIDN under the Cebu Action Plan (CAP) is a pathway to a more substantial finance future for the Asia-Pacific region.

FIDN was established as a specialised subgroup in the Asia Pacific Financial Forum to promote an enable financing environment for micro, small and medium enterprises to improve the sector’s access to finance.-VNA

VNA
#high level dialogue on inclusive business of the Asia Pacific Economic Cooperation (APEC) #Manila #the Philippiness #APEC economic member countries.
Follow VietnamPlus

Related News

See more

Illustrative image (Photo: bangkokpost.com)

Thailand’s fruit exports produce over 6.5 billion USD in 2024

Fruit was the most valuable agricultural export of Thailand last year, with total turnover hitting 6.51 billion USD, surpassing the five-year average of 5.86 billion USD and accounting for 22.6% of the total agricultural exports, according to the Trade Policy and Strategy Office (TPSO).

The Thai Chamber of Commerce is calling on the government to establish a "war room" to address tariff threats from the administration of US President Donald Trump. (Photo: nationthailand.com)

Thai government urged to set up 'war room' to tackle US tariffs

The TCC insisted the Prime Minister must chair this task force, comprising both public and private sector representatives, to formulate a proactive strategy against a possible resurgence of protectionist policies under the Trump 2.0 administration.

Former President of the Philippines Rodrigo Duterte (Photo: AP)

Former Philippine President Duterte arrested on ICC warrant

The Philippine National Police on March 11 morning executed the International Criminal Court's arrest warrant against former Philippine President Rodrigo Duterte in connection with his controversial policy in the war on drugs while in office, which left thousands of people dead.

Illutrative Image (Photo: cnbc.com)

Singapore to apply AI in elderly care

As Singapore's aging population grows rapidly, projected to reach 25% of the total population by 2030, technology is seen as a key solution to address healthcare workforce shortages.

(Photo: screenshot)

Argentine newspaper spotlights Vietnam's circular economic orientation

The article emphasised that the circular economy is a key development priority of Vietnam in the 2021 – 2030 period, with a vision to 2045, aiming to achieve the goals of waste management, efficient use of natural resources, environmental protection, disaster prevention, and climate change response.

The cruise ship ‘Celebrity Solstice’ docks off the coast of Koh Samui with 2,852 passengers in January 2024. (Photo: bangkokpost.com)

Thailand advances plans for major southern Marina

The project to build a marina in the southern province of Surat Thani is estimated to cost 12.172 billion THB (360 million USD) and is expected to accommodate 120 cruise routes annually, generating at least 8 billion THB in revenue.

Malaysia's palm oil stocks hit 22-month low

Malaysia's palm oil stocks hit 22-month low

Malaysia's palm oil stocks in February dropped by 4.31% to 1.51 million metric tonnes, the lowest since April 2023. Crude palm oil production in the month was down 4.16% to 1.19 million tonnes, the lowest in three years, after floods disrupted production. Palm oil exports fell 16.27% to hit a 4-year low of 1 million tonnes.

Thai PM Paetongtarn Shinawatra (Photo: Nation Thailand)

Thailand tightens security following violent attacks in deep south

Thai Prime Minister Paetongtarn Shinawatra has ordered heightened security measures and increased night in the country’s deep south following a series of violent attacks in Sungai Kolok, a border city in Narathiwat province, which left two security officers dead and 11 others injured.