Marcos cites business sector's role as 'agent of change' in society

President Ferdinand "Bongbong" Marcos Jr. acknowledged the business sector's role in society on Friday.

"The business sector, as not only a major contributor to the economy but also the most aggressive agent of change in our society today, has a role to play," the President said in his speech at the 3rd APEC Business Advisory Council meeting in Cebu City. 

Marcos said the government and the business sector should come together to identify practical, pragmatic, and promising solutions in order "to sustainably address pressing issues like energy insecurity, the triple threat of climate change, pollution, and biodiversity loss.''

He said the government needs both the cooperation and leadership of the business sector in order to set standards when it comes to responsible business conduct that would later encourage sustainable practices while balancing rapid growth.

Marcos also mentioned the partnership between public and private entities to strengthen and help small businesses in the country, which will also contribute to the country's growth. 

"Our multilateral efforts also served to enable the inclusive development of our sectors with untapped economic potential. Micro, small, and medium enterprises make up the majority of our businesses and sources of employment," the President said. 

"Thus, it behooves us to equip them with digital tools and skills to enable their participation in the digital economy," he added.  — VBL, GMA Integrated News