Aboitiz Group chief joins Apec Business Advisory Council
ABOITIZ Group president and chief executive officer Sabin Aboitiz has been appointed as a member of the Asia-Pacific Economic Cooperation (Apec) Business Advisory Council (Abac), joining two other previous appointees to represent the Philippines.
Aboitiz’s appointment letter was signed by President Rodrigo Duterte on May 15, 2020.
Abac was created in 1995 by Apec leaders to provide advice on the implementation of the Osaka Action Agenda. It currently serves as the voice of the business sector, specifically providing information on business-related issues or providing the business perspective on specific areas of cooperation.
“It is an honor for me to be appointed as a member of the Abac, and represent the Philippines. The Aboitiz Group, through its 100 percent acquisition of Gold Coin Management Holdings, has significantly expanded our regional footprint and strengthened our position as a key player in Asia-Pacific. The Aboitiz Group’s participation in the Abac is consistent with our brand promise to advance business and communities—uplifting livelihood, exchanging products and services across the Asia-Pacific region,” Aboitiz said.
The Aboitiz Group with businesses in power, banking and financial services, food, real estate and infrastructure, is actively involved in industries that provide the basic needs of consumers, set the foundations for nation-building and grow alongside the Philippine economy.
Alsons Consolidated chairman and president Tomas Alcantara was appointed Abac PH chair while Globe Capital Partners chairperson Joanne de Asis was also appointed as a member. Aboitiz, together with Alcantara and de Asis are the country members of Abac. They will represent a range of business sectors including small and medium enterprises.