Monday, 07 November 2011 20:10
President Benigno S. Aquino III said his government is carrying out multi-pronged approach to create better local job opportunities so that Filipinos will not have to seek greener pastures abroad.
In an interview over Youtube’s World View interview series on Friday, the President said his administration is trying to attract both domestic and international investors to create more job opportunities for Filipinos to prevent them from leaving.
The President cited successes that he had on his foreign trips. He noted that in his trip to China, he got between US$ 1.2 billion and US$ 1.8 billion worth of new investments.
One of the major focuses is to boost investments for the country’s manufacturing sector, the Chief Executive said, adding that China is ready to set up manufacturing vehicles, trucks, and heavy equipment.
The President said that Chinese investors are looking for 10,000 hectares of land located in the country’s freeport zone to set up their manufacturing business. He also mentioned the Philippines’s prospects in shipbuilding.
“We are already the fourth biggest shipbuilding country in the world, and again, we want to go everywhere where there are prospects for our people to have jobs in this country,” he said.
While enticing investors to come in, the President said his administration is also tackling reforms within the educational system to ensure better job match-ups for new graduates.
He said that there are around 50,000 to 60,000 jobs available in the country but these positions could hardly be filled up because of skills mismatches.
“We have tasked the education sector to include vocational aspects in the higher and basic education, to prepare our students, in coordination with the Department of Labor and Employment, for jobs that will be available upon graduation,” he said.
According to the President, there are also bright prospects in the business process outsourcing industry, saying that the BPO industry could have about 640,000 direct jobs this year creating multiplier effects.
Aside from manufacturing and BPO industries, the President said investments in the agriculture sector could also create new employments that would result to more local jobs.
Youtube’s interview of President Aquino is the first for an Asian leader. The World View series had earlier this year featured influential leaders like U.S. President Barack Obama, British Prime Minister David Cameron and European Commission President Jose Manuel Barroso, among others.
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