NationThailand-Nov 16

The Asia Pacific Economic Cooperation (Apec) Business Advisory Council (ABAC) has urged Apec leaders to develop a plan to address three urgent economic issues: inflation, food and energy security, and climate change. The request has been abruptly added to their five key recommendations to accelerate economic recovery in the aftermath of Covid-19. ABAC chairman Kriengkrai Thiennukul said at a press conference on Wednesday that the three sudden requests arose from worries of business leaders in the Asia Pacific region. “We are concerned about the impact of inflation, which we believe will slow the recovery. Meanwhile, geopolitical tensions have a significant impact on energy and food security, and weather variability caused by climate change poses a significant risk to our economic sustainability,” Kriengkrai noted. ABAC is also the host and chair of “Apec CEO Summit 2022”, which will be held from November 16-18 under the theme “Embrace, Engage, Enable”. This summit brings together economic leaders, thought leaders, and leading CEOs to discuss trade perspectives, investments, and the social drive that will allow the Asia-Pacific region to embrace opportunity, engage in collaboration and enable new possibilities in partnership with the private sector. Read more at: https://www.nationthailand.com/thailand/economy/40022146