Top business executives across the Asia-Pacific are urging regional leaders to reaffirm their commitment to free trade amid escalating trade tensions and global uncertainties. The APEC Business Advisory Council (ABAC), which provides the private sector’s perspective on matters concerning the...
The Department of Labor and Employment (DOLE) highlighted the Philippines’ steady employment gains and ongoing workforce transformation during the 7th Asia-Pacific Economic Cooperation (APEC) Human Resources Development Ministerial Meeting (HRDMM) in South Korea. DOLE Undersecretary Carmela I....
The Philippines remains firm in promoting a rules-based multilateral trading system amid recent upheavals in global trade, such as the United States’ (US) new tariff policy, according to Department of Trade and Industry (DTI) Secretary Cristina Roque. Roque served as the country’s delegate at...
The Department of Trade and Industry (DTI) is looking to partner with American technology giant Google to pursue investments aimed at enhancing the country’s digital infrastructure and capabilities. Trade Secretary Cristina Roque met with top officials of Google last week on the sidelines of the...
Trade chiefs of the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) issued a joint statement calling for strategic reforms in international trade as the region grapples with uncertainties driven by two of its members: China and the United States (US). In a statement issued after...
Economic growth across the Asia-Pacific Economic Cooperation (APEC) region is expected to decelerate sharply in 2025, falling to 2.6 percent from 3.6 percent last year. Intensifying trade tensions and growing policy uncertainty are eroding business confidence and stifling investment in the region,...
The member economies of the Asia-Pacific Economic Cooperation (APEC), including the Philippines, have expressed support for a global measure that provides benchmarks to boost the investment and business climate of its members. In a statement, APEC is calling for the integration of the investment...
The Asia-Pacific Economic Cooperation (APEC) has intensified its push for its own free-trade agreement among its 21 member-economies to complement as well as fill in the gaps of existing FTAs in the region. The 2024 APEC Leaders' Machu Picchu Declaration in Lima, Peru, last Nov. 16 also committed...
President Joe Biden shakes hands with Chinese President Xi Jinping before a bilateral meeting, Saturday, Nov. 16, 2024, in Lima, Peru. (Leah Millis/Pool Photo via AP) LIMA, Peru (AP) — After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the...
Chinese President Xi Jinping, left, and Peru's Prime Minister Gustavo Adrianzen, wave on the airport tarmac after Xi's arrival to attend the Asia-Pacific Economic Cooperation (APEC) summit, in Lima, Peru, Thursday, Nov. 14, 2024. (AP Photo/Guadalupe Pardo) LIMA, Peru (AP) —...
With protectionism on the rise, the Asia-Pacific Economic Cooperation (APEC) has committed to uphold free trade and multilateralism in the region. During the APEC Ministerial Meeting held in Lima, Peru, on Nov. 14, representatives from the 21 member-economies of the non-binding group pledged to...
Regional growth across the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) would slow down next year and beyond amid intensified global challenges. Citing its latest APEC Regional Trends Analysis report published this month, the non-binding group whose top leaders are currently...
