Marcos tells Apec advisers: We’re listening to your suggestions

MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. told the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) that the Philippine government is listening to its suggestions.

He noted government programs lined up are attuned to the advice it provide.

During ABAC’s third meeting in Cebu City on Friday, the Chief Executive stressed sustainable and inclusive growth.

He also emphasized sustainability in his speech.

“We aim to achieve this through amongst other strengthening agriculture and food agriculture, industrialization, connectivity, and supply change, driving growth through tourism, through trade, urban development; providing high impact social services for health, education, skills uptake, and targeted support; building climate resilient and green infrastructure that will not only sustain our economic growth, but will also trickle welfare effects down to our most underserved sectors,” he said.

Acting on ABAC’s suggestions, Marcos said the government had established a Private Sector Advisory Council (PSAC) to hear the sentiments of businessmen.

“We welcome the recommendations of ABAC in your 2022 report to APEC Economic Leaders, which include fostering a sustainable and resilient food system through, and among others, enabling a meaningful and effective partnership with the private sector,” the President stressed.

ABAC is being held in Cebu City from July 27 to 30.

It is a forum for business executives from different APEC-member countries and diplomats to discuss developments on inclusive economic growth.

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APL/abc