The chairman of the House Committee on Appropriations on Monday said lawmakers are eyeing an increase in the budget allocation for the Department of Trade and Industry (DTI) next year to boost investments and create more jobs while developing more products that the Philippines may be able to export.
Days before President Ferdinand R. Marcos Jr. delivers his performance report, the leadership of the House of Representatives on Friday said the surge in investment pledges in the first quarter of the year is a clear “vote of confidence” in the Philippine economy’s potential and validates the soundness of government policies.
THE Philippine Economic Zone Authority (Peza) said two manufacturing firms involved in automotive safety supplies and electronic components plan to expand and register with the agency in the Mactan Economic Zone (MEZ) in Cebu.
THE chairman of the House Committee on Labor and Employment lauded the private sector initiative that aims to create a million jobs for Filipinos. The panel chairman and Rizal 4th District Rep. Juan Fidel Felipe F. Nograles also urged more private sector companies to also come up with similar job-generating programs.
Donald Trump’s strident call for American manufacturers to reboot American industry by bringing back jobs outsourced to Mexico, China and other countries provide our economic planners and policy makers an opportunity to do some stock taking and re-strategizing development planning for job creation.
The higher-than-expected job creation in 2016 will likely keep Filipinos’ consumption robust this year, according to a local think tank.