Indonesian President Susilo Bambang Yudhoyono addresses the opening of APEC CEO SUMMIT 2013 in Bali, Indonesia, October 6, 2013. Themed "Towards Resilience and Growth: Reshaping Priorities for Global Economy", the APEC CEO Summit is aimed at realizing inclusive sustainable development and shared development in the region. Photo: Xinhua

 Heads of APEC members, chief executive officers (CEOs) from all over the world started meeting in Nusa Dua Bali of Indonesia on Sunday.

Over 1,200 CEOs and 10 head of members took part in the APEC CEO Summit, Wisnu Wardhana, chairman of the summit said at the opening.

"The economic turmoil and uncertainty show how global market matter to us," he said.

Indonesian President Susilo Bambang Yudhoyono opened the summit.

In his speech, the president said the private sector is important to economic growth and job creation.

"This APEC CEO summit is also an opportunity to showcase the phenomenal growth of private sector in our region. The rapid expansion of business has totally changed our 21's century economic landscape for the better," said Yudhoyono in Bali Intercontinental Convention Center.

"Governments remain important in formulating economic policies but without the help of private sector we might not be able to provide jobs for our citizen," he said.

Related

APEC shall continue to try out new ideas: secretariat chief
The Asia-Pacific Economic Cooperation (APEC) shall continue to try out new ideas even though the focus of its work changes along the way, APEC Secretariat Executive Director Allan Bollard said in a recent interview with Xinhua.

TPP, RCEP, APEC to eventually converge: scholar
The different architecture of regional economic cooperation such as Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP) and APEC should have complementarity and eventually converge, said a scholar on Southeast Asian Studies.


APEC talks crucial to WTO trade deal deadline: WTO chief
The World Trade Organization (WTO) is hoping that crucial talks during APEC meetings will help it put together sweeping trade facilitation measures before a December deadline in what would be its first global deal in nearly two decades, the new head of the WTO said in Bali on Saturday.

Sustainable development in focus at APEC CEO Summit
More than 1,000 policy makers and business delegates around the Pacific Rim commenced their annual meeting here Saturday amid an unstable global economic recovery.

Sustainable growth in economy, trade remains urgent task for Asia-Pacific region
Leaders of APEC members will meet in Bali, Indonesia on Monday, expectedly to work out effective strategies to lift the world economy out of its current downturn and put it back on a path of sound and sustainable growth.

APEC ministerial meeting urges efforts in attaining three priorities
The two-day APEC ministerial meeting concluded here Saturday calling for joint efforts in advancing the three priorities set up to ensure robust economic growth and resilience in Asia Pacific region.

APEC urged to ensure confidence on the region via concrete actions
Asia Pacific Economic Cooperation(APEC) should translate its growth strategy into concrete action to ensure continued confidence on the Asia Pacific region, according to a press release issued by the Pacific Economic Cooperation Council (PECC) in Bali Saturday.