PSAC bares plans for more jobs, investors

CEBU, Philippines — President Ferdinand “Bongbong” Marcos Jr. is firming up concrete plans to create more jobs and attract more investors with support from the Private Sector Advisory Council (PSAC).

PSAC convenor and Aboitiz Group president Sabin Aboitiz, in a statement, disclosed the five priority recommendations that the Council has endorsed to PBBM to create more jobs.

The five priority recommendations include scale up MSMEs, identify labor-intensive, high-potential industry segments, attract more investors by making it easier to do business, make labor regulation more flexible, and build skills for short-term productivity and long-term competitiveness.

Aboitiz, along with the Council’s Jobs Sector led by RFM CEO Joey Concepcion and members JG Summit President & CEO Lance Gokongwei, SM Investments Vice Chairperson Tessie Sy Coson, Magsaysay Group President & CEO Doris Magsaysay Ho, Alliance Global Group CEO Kevin Tan, and Ayala Corporation Independent Director Rizalina Mantaring, met with PBBM in Malacañang on August 17, 2022 to co-create solutions to generate more jobs, upskill more owners of MSMEs, and enable more Filipinos to participate in a digital economy.

Department of Labor and Employment Secretary Bienvenido “Benny” Laguesma also joined the meeting and provided his full support for the top five priorities recommended by PSAC.

The Council will again be meeting with PBBM in the coming weeks to lay out a roadmap that will help the Build, Build, Build and Tourism sectoral groups secure quick and substantial wins in the first 100 days of the administration. -  GMR (FREEMAN)