Mga foreign investors, patuloy ang pagdagsa sa Pilipinas;
Mga foreign investors, patuloy ang pagdagsa sa Pilipinas;
Daan-libong trabaho, asahan bunga ng foreign trips ni PBBM
Daan-libong trabaho, asahan bunga ng foreign trips ni PBBM
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NewsTranscript
00:00 The country is now expecting hundreds of thousands of job opportunities
00:04 that have become the fruit of President Ferdinand Arbarcos Jr.'s foreign trips.
00:10 Most of these are the leaders who have shown confidence in the Philippines' leadership.
00:18 This is what surprised Luisa Erispe.
00:23 Following the decrease in the unemployment rate in the country, the increase in the number of investors who will provide additional jobs in the Philippines
00:31 is a result of President Ferdinand Arbarcos Jr.'s foreign trips and his desire to make a name for himself in the Philippines.
00:40 The Labor Department said that they have seen 300,000 jobs from the President's trips.
00:49 These are from 12 countries, including investors from the Netherlands, Germany, US and others.
00:56 Most of these are in the power and renewable energy sector.
01:01 We saw that DTI is moving and is based on our expectations because they are directly involved in the investment.
01:11 We support them in terms of preparing our manpower and other requirements.
01:16 They are trying to reduce the number of jobs, this is a conservative number, around 300,000.
01:21 We can see that the lack of jobs is due to the power and renewable energy sector.
01:29 Guesma also explained that this is just the beginning of more business entering the Philippines.
01:35 For a while, the President's trip to Japan has attracted attention in the semiconductor sector in the Philippines.
01:42 The last trip of the President to Japan, their expansion or additional investment is related to the semiconductor.
01:52 Dole also saw that the President's trips may have been affected by the decrease in the unemployment rate.
01:59 This was in December 2023, according to the Philippine Statistics Authority, it was only 3.1 percent from 3.6 percent last November.
02:08 The biggest industry affected by this is construction, IT industry, health sector, tourism and agriculture.
02:16 In addition to the assistance of Dole in the private sector,
02:19 up to a million jobs are seen to be formed under the Philippine Development Plan 2023-2028.
02:27 However, Dole is worried that this may be affected if the minimum wage of 100 pesos is raised in the country.
02:36 Dole admitted that it is being discussed in the Senate,
02:39 it should be studied because it may have a big effect, especially in micro, small and medium enterprises or MSMEs.
02:49 We are looking at how much percentage will be added per worker,
02:55 and what will be the effect of this on businesses and enterprises that need to be worried.
03:04 In the simulation, it looks like a spider, it can play with the addition of 15 to 20 percent.
03:11 Dole is also looking at the possible chain reaction that will result in employment, GDP growth and inflation rate,
03:18 which is good for the country.
03:21 We are missing that.
03:24 If there are dislocations, it's not because of your question,
03:29 we will project how many jobs will be lost.
03:32 We want to project how many jobs will be added.
03:35 If possible, I hope.
03:37 I will repeat, it is very difficult to balance the addition of wages,
03:44 even if the close quote is small, in the eyes of the small, it is big.
03:50 We are looking at its impact on the employment level.
03:55 Dole is also concerned about the study conducted by the Senate.
03:58 They have submitted their technical input or recommendation.
04:03 Until now, Luisa Erispe for Pambansang TV in Babong, Philippines.