Job-generating investments
THE Philippines is seen to succeed in meeting the employment needs of the people.
This, it will do by mobilizing a whole-of-government approach to secure job-generating investments in the country.
Earlier this year, President Ferdinand R. Marcos Jr. reported investment pledges secured by the country will open more than 200,000 job opportunities for Filipinos.
In his third State of the Nation Address (SONA), the President mentioned the country’s aggressive infrastructure development, business-friendly policies, investment and export promotions, foreign visits, and economic missions, are all aimed at generating not just jobs, but quality and competitive jobs.
The Chief Executive also noted that a substantial number of investment pledges have already commenced operations, with many more at various stages of development.
“Sa bilang natin, bukod sa malalaking kita para sa bansa, makakalikha ang mga ito ng mahigit dalawang-daan at dalawang libong trabaho para sa ating mga kababayan,” he said.
In February this year, the Department of Trade and Industry (DTI) said investment pledges from foreign firms during the presidential visits over the past 16 months “are now being actualized substantively and tangibly.”
The Department of Trade and Industry said that as of December 2023, it recorded USD 72.2 billion in investments at different stages, comprising 148 projects. Of the figure, 46 projects involving USD14.2 billion or 20 percent of total pledges have already been actualized.
