Sugbo News - GOV TO SPEAK AT ’2024 APIC WORLD PENSION SUMMIT’

Gov. Gwen Garcia was welcomed by Cebuana entrepreneur Maybelle Padillo as she arrives in Hongkong on Tuesday, Nov. 12 together with a 17-men and women delegation.

GOV TO SPEAK AT ’2024 APIC WORLD PENSION SUMMIT’

Nov. 13, 2024

HONG KONG — Governor Gwen Garcia has been invited to serve as a keynote speaker at the 2024 APIC World Pension, Social Security, and Sovereign Wealth Funds Summit in Hong Kong, slated on November 13-14.

The invitation, extended by the Asia Pacific Investors Cooperation (APIC), comes as a recognition of Gov. Garcia’s leadership and Cebu’s role in fostering a healthy climate of investment and trade in the Philippines.

The summit brings together over 400 senior policy and regulatory leaders, CEOs, investment professionals; as well as leaders from institutional asset management, pension funds, and sovereign wealth funds from more than 100 countries in what is the first in-person gathering of its kind post-pandemic.

It aims to address urgent global issues such as climate change, decarbonisation, and sustainable development, with a focus on the role of institutional asset owners in mobilising resources for these causes.

In a letter to Governor Garcia, Ms. Ana Sharp, founder and CEO of APIC, highlighted the significance of the Governor’s participation in the summit.

“As the long-standing Governor of a progressive Province in the Philippines, your insights into Cebu’s priority investment and trade sectors would be invaluable to our investor audience,” said Sharp.

Sharp adds, “Your leadership and the province’s growing economic influence make you a key figure in driving global collaboration on sustainable investment practices.”

The summit’s theme, “Strengthening Alliances for Humanity,” will train the spotlight on the collective efforts needed to tackle pressing issues, such as mitigating climate change and ensuring sustainable funding for the future. In this context, Gov. Garcia is expected to underscore Cebu’s strategic importance as an investment hub in the Philippines.

Ms. Sharp emphasized the significance of the summit as a unique opportunity for governments and asset owners to align on solutions for sustainability and global economic stability.

“The summit will deliver actionable insights and strategies that can directly influence investment decisions and policy frameworks worldwide,” Sharp said. “We are thrilled to have Governor Garcia as part of this prestigious gathering.”

In addition, Governor Garcia is also invited to lead a senior delegation of asset owners and business leaders to the summit. This delegation represents Cebu’s interests in attracting foreign institutional investors and reinforcing the province’s commitment to sustainable economic development.

Private meetings will be arranged for Gov. Garcia and other delegates for them to engage directly with key stakeholders, creating valuable opportunities for Cebu to strengthen its ties with the global investment community.

The APIC World Pension, Social Security, and Sovereign Wealth Funds Summit is considered one of the premier events for institutional investors. The last summit, held in Tokyo during the G20 meetings, was a resounding success, with discussions that shaped global investment strategies.

This year’s summit is poised to build on that momentum, providing a platform for critical dialogue on the future of pension funds, social security systems, and sovereign wealth funds.

Governor Gwen’s participation will undoubtedly bring valuable perspectives to these conversations, strengthening global alliances for Cebu and the Cebuanoanos. | Jude Torres

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DOTr TO JUSTLY PAY CAPITOL FOR BRT TERMINALS - The Bus Rapid Transit-National Program Management Office (BRT-NPMO) has committed to justly compensate the Cebu Provincial Government for the road lots along Osmeña Boulevard that would be used as terminals for the Cebu BRT project once they receive Capitol’s formal claim of ownership of the lots where the CBRT terminals would stand.

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CHED EXECS TO MEET GOV GWEN ON FRIDAY TO CLEAR SCHOLARSHIP DELISTING ISSUE - National officials of the Commission on Higher Education (CHED) will meet Gov. Gwen Garcia and Cebu mayors on Friday, May 5, 2023, to shed light on why the agency delisted some local universities and colleges (LUCs) in Cebu from their scholarship programs.

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CAPITOL ASKS STRUCTURE OWNERS FOR COUNTER PROPOSALS ON RENTAL RATES - The Cebu Provincial Government on Wednesday, May 3, disclosed the accumulated rental rates that structure owners along Osmeña Boulevard will have to pay to Capitol due to encroachment violations.

BRGY. CAPITOL SITE AGREES TO MOVE TRUCKS OUT OF CAPITOL-OWNED LOT - At least seven garbage trucks will be moved out of the Capitol-owned 577-square-meter property near Fuente Circle as soon as possible.

ONE CEBU PROVINCE: 7 CITY DIVISIONS NOW JOIN PROVINCIAL SCHOOL BOARD - The Provincial School Board, headed by Gov. Gwen Garcia, has now embraced the independent schools divisions of the province’s six component cities and one highly urbanized city as “organic and regular” members of the PSB beginning May 4.

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SINGAPOREAN AMBASSADOR VISITS GOV. GWEN - Her Excellency, Constance See, Ambassador of Singapore to the Philippines, paid Gov. Gwen Garcia a visit at the Capitol today, December 6.

GWEN ISSUES MORATORIUM ON STRUCTURE DEMOLITION AT LAMBUG BEACH - To give structure owners a chance to comply with the easement zone regulation, Gov. Gwen Garcia issued a moratorium on the demolition of structures along the shorelines of Lambug Beach in Badian town. This, until Capitol determines the definite measurement of the easement zone, taking into account the high tide and other historical data along the shorelines of the emerging white-sand beach destination.

GWEN REMINDS DPWH TO WORK WITH LGUs OVER 3 MAJOR INFRA PROJECTS - Gov. Gwen Garcia once again reminded the officials of the Department of Public Works and Highways (DPWH) in the region to work closely with local government units in the implementation of three upcoming major infrastructure projects aimed at alleviating traffic congestion in Metro Cebu.

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DALAGUETE, CEBU'S VEGETABLE BASKET, OPENS FIRST BPO CENTER - A Business Process Outsourcing (BPO) Center, a first of its kind in Dalaguete, southern Cebu, was inaugurated on Tuesday, May 30.

BIR COMMISSIONER VISITS GOV. GWEN - Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui, Jr. paid Gov. Gwen Garcia a courtesy visit at the Capitol on Thursday, July 11.

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NEW JAPANESE AMBASSADOR VISITS GOV GWEN - Japanese Ambassador Endo Kazuya paid Gov. Gwen Garcia a courtesy visit at the Capitol on Wednesday, July 17.

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COURTESY CALL OF SWISS AMBASSADOR - The Ambassador of Switzerland to the Philippines Nicolas Bruhl paid a courtesy visit to Governor Gwen Garcia at the Capitol today, August 8.

FRASCO BREAKS GROUND ON P10M SOLAR-POWERED WATER SYSTEM IN CATMON - It was a joyous moment for residents of Barangay Tinabyonan in Catmon as their long-held dream of having a clean water source has become a reality.