
BALI, Indonesia –Benigno S. Aquino III answers questions directed to him during the panel discussion in the 2013 APEC CEO Summit at the Summit Plenary, Mangupura Room, Bali International Convention Center in Bali, Republic of Indonesia on Sunday (October 06). The President is one of the three country heads to deliver a message at the APEC CEO Summit on the topic “Why Inclusive Growth Matters.” (MNS photo) (MANILA ,Mabuhay) – As his administration grapples with the problem of jobless growth, President Benigno Aquino III stressed the need to ensure that “wealth is not concentrated in the hands of the few” in a speech before captains of industry in Bali, Indonesia. He arrived in the island, where he is to attend the 21st Asia Pacific Economic Cooperation Summit, before noon Sunday. Speaking at the CEO Summit Conversation with Leaders, Aquino said that inclusive growth lets people contribute to nation-building. “The challenge for governments has deepened: When in the past we gravitated towards metrics that reflect merely the wealth collectively amassed by an economy, more and more the task of governments has become ensuring that this wealth is not concentrated in the hands of the few, but rather that it is equitably utilized to raise levels of human development,” Aquino said. “In this manner, we engender a situation wherein the broader base of society can benefit from opportunities opening up through economic growth,” he added. The Philippines received another investment grade rating last week, solidifying the country’s status as the latest invesment Read More …







