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  February 25, 2013: NEDA Estimates Show $3 Billion Can Create 621,000 Quality Jobs

The National Economic and Development Authority (NEDA) has estimated an initial investment of US$3 billion to generate 621,000 high quality jobs in the manufacturing, business process outsourcing, tourism and agribusiness.
"This represents an average investment of about P200,000 per worker. The amount needed to create jobs would be much less in the rural areas particularly in agriculture," said Socio-economic Planning Secretary Arsenio Balisacan.
Balisacan stressed that to generate more and better quality of employment, there is a need to simplify labor regulations to enable industries to adapt to the country's changing economic structure and continue to address the problems of skills mismatch.
"We will provide the necessary environment to encourage not only the big companies but also the micro, small and medium enterprises to be our partners in development through marketing assistance, access to credit and reduced red tape."
"We will also make our industries and our workforce competitive and productive by investing in research and development, technology and human resource development."
Balisacan said the government would also provide a level playing field to encourage greater competition among industries to maximize the country's economic potential and reduce wage cost.
He noted that agriculture would remain a priority sector to meet the needs of the growing population and take advantage of market opportunities in fast growing countries in Asia.
"Keeping in mind that economic growth and development is directed towards improving the quality of life of all Filipinos, both the present and future generation, we are committed to set high priority to health and education of our people."
The government's conditional cash transfer (CCT) program addresses not just current the poverty but also equips the children in CCT households to escape the binds of inter-generational poverty, he said.
"The K+12 program in education will improve the competitiveness of our graduates against their counterparts in the rest of the world."
On climate change adaptation and mitigation, the government would focus on building climate change resilient infrastructure and the use of technology that will minimize the costs entailed by disasters and climate change on human life, property and businesses.
Balisacan said that good governance will continue to be the platform to help achieve these objectives.
"As we encourage greater participation in governance to promote transparency and accountability, we will also undertake measures to address inefficiencies and implement measures to minimize corruption," he added. (EHL)

Source: Manila Bulletin - February 25, 2013

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