The National Economic and Development Authority (NEDA) has assured the international business community that the Philippine government is taking steps to address concerns in the country’s labor and industry sectors. | ManilaBulletin
In a statement on Thursday, June 1, NEDA Secretary Arsenio M. Balisacan said the government is now taking measures to better align education systems and upskilling programs with the needs of the private sector.
He stated that concrete solutions to this issue include improving access to opportunities for lifelong learning through apprenticeships and increasing investments in Technical and Vocational Education and Training programs. Balisacan recalled how the Philippine textile industry used to be one of the most competitive industries in the country.
The discussion also touched on the effective implementation of the Ease of Doing Business Act and constraints on the entry and operation of foreign business and investments. These included the Build-Better-More Program, proposed amendments to the BOT law, and the nation’s development targets.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economic managers laud passage of 'profitable, secure' investment fundTHE country's economic managers said the passage of the Maharlika Investment Fund bill will further boost the Philippines' economic growth. READ HERE:
Read more »
ARTA’s efforts to promote ease of doing business, efficient public service spur economic progressIn 2018, Congress passed Republic Act No. 11032, An Act Promoting the Ease of Doing Business and Efficient Delivery of Government Services. The law amended Republic Act No. 9485, otherwise known as the Anti Red-Tape Act of 2007. The enactment of these laws demonstrates the government’s determination to remove long-standing obstacles to the country’s progress represented by bureaucratic ineptitude and corruption.
Read more »
China’s economic recovery loses steam as factory production contracts furtherFactory activity in China has slumped to its weakest level since the country ended its zero-Covid policy in December, as its economic recovery continues to lose steam.
Read more »
Exclusive resort island, other economic driver projects soon to be launched | Roderick AbadHOMEGROWN Smart Citi Teknologi (SCT), in partnership with Hong Kong-based companies Xtreme Business Enterprise (XBE) and Coinllectibles Inc., as well as Marvion, a subsidiary of Bonanza Goldfields Corp. headquartered in the United States, is set to launch next week a blockchain-enabled membership program for sustainable tourism, which will tap its…
Read more »
Economic managers laud passage of MIF with ‘several safeguards’Economic managers said the Senate version of the Maharlika Investment Fund (MIF) bill that was approved early Wednesday morning has more safeguards against potential abuse and is also more acceptable to everyone.
Read more »
‘The Glory’ sparks national discussion on bullying in South KoreaIn South Korea, a widespread phenomenon known as “Hakpok MeToo” has emerged, whereby individuals who experienced bullying in the past publicly expose and condemn their former tormentors, even years or decades later. The term “hakpok” refers to school--
Read more »