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The effects of APEC
To ensure the safety of the economic leaders and delegates in Manila, tight security was enforced. This included road closures and rerouting schemes of major thoroughfares — such as EDSA and Roxas Boulevard — that resulted in traffic disruptions in The APEC lane along EDSA extension in Pasay City. the metro. Most motorists and commuters complained of the traffic schemes adjustments, which forced them to walk to their destination.
Several airlines canceled their flights to make way for the arrival and departures of the APEC participants. Philippine Airlines said it lost an estimated P870 million, while Cebu Pacific lost around P400 million.
A number of people also took to the streets and staged protests, denouncing the APEC and the leaders of its 21 member economies.
Quiz: Can you recognize these world leaders?
Was the summit a success?
The Philippines reportedly allotted P10 billion to stage the week-long APEC activities.
Ambassador Marciano Paynor Jr., director general of the APEC National Organizing Council, said the expenses in hosting the event was an investment. He added that the traffic and inconvenience the summit caused is "a little sacrifice compared to the benefits that we will gain out of our membership from APEC."
Related: APEC gains not quantified, says economists
But former Budget Secretary Benjamin Diokno said the P10 billion the government spent was too much. He said that it could have been cheaper if the APEC leaders' meeting was held outside Metro Manila.
"Our job is hosting the annual meeting, make the leaders as comfortable as possible and make them secure. That's all. We don't have to spend billions of dollars for APEC," said Diokno. "There are other disruptions like the cancellation of airlines, the suspension of classes, suspension of office work. So there are disruptions also in the economy. So that's where probably the

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