Filipino laborers may cost more than others in the region but investors can expect these reliable and skilled workers to deliver and help them earn more profits.
President Benigno S. Aquino III made this pitch about the strengths of the Filipino workforce in attracting investors during the Euromoney Philippines Investment Forum 2013 in Makati City.
The President encouraged the business community to be part of the country's economic "resurgence" and consider investing in the areas of agriculture, tourism, and infrastructure, saying that Filipino workers are English-proficient, diligent and hardworking.
"We are inviting you to come to the Philippines whether in these three sectors, or in others, because we know that, here, hard work, innovation, and creativity are rewarded with success. This is not an empty promise: you will have the Filipino people and our administration as committed partners," he said.
"If it's simply a matter of how much you pay for labor, perhaps it is true that there are others in the region who may cost less - but you chose to come here anyway. You know, as well as we do, that, pound for pound, the Filipino worker delivers: he adapts well to any environment, he is creative and hard working, adept in communicating in English - which is especially important as we strive to be even more competitive globally, and he is loyal," he added.
A clear example of the great Filipino workforce is the soaring business process outsourcing industry in the country, according to the President. "Filipino workers have already brought our BPO industry to great heights, in such a short time. Given the opportunity, they will do the same for you, whatever industry you may be involved in," he said.
At the start of his speech, the President shared the country's success story propelled by his drive for good governance, citing the 6.6 percent economic growth in 2012, the record-breaking highs in the stock market, credit ratings upgrade, among others.
In line with the government's plans to promote inclusive growth, Aquino said more investments would create more job opportunities for the Filipinos who will be able to raise their families.
"This is what we mean when we speak about inclusive growth. We will never settle for numbers that look good only on paper; for our administration, growth is a narrative that has always depended on the success of its people - including you leaders, who have the capacity and the resources to empower others. This is, in essence, the opportunity you are all given today," he said.
"Even if you have come here only with a mind to invest in the Philippines and ride on the resurgence of our economy - with your decision to bet on our country, you will be doing so much more: you will be giving thousands of Filipinos gainful employment, that will empower them as consumers - thus spurring the growth of both your businesses and the Philippines," he added.

Source: Manila Bulletin - March 13, 2013