DOLE Focuses on Job Mismatch Issues to Prepare for More Investors in the Philippines
The Department of Labor and Employment (DOLE) centers its attention on job mismatch issues as it prepares for the arrival of more foreign investors in the Philippines.
According to the statement of Labor Secretary Bienvenido Laguesma through the Presidential Communications Office (PCO), DOLE is preparing for the entry of international investors by showing that the Philippines has a variety of educated and skilled workers.
Laguesma discussed, “The DOLE is paying attention in resolving jobs mismatch issues through the upskilling of Filipino workers.” As Laguesma stated, the upskilling of workers must be both industry-led and demand and market-driven so they can find a position that suits their skills.
Laguesma cited that conducting insightful job fairs can address the issue of job mismatching. Moreover, DOLE can focus on knowing the requirements of every industry to manage them effectively.
Meanwhile, House of Representatives Speaker Ferdinand Martin G. Romualdez stated that he sees the Philippines getting a mass of investments from Japan in the middle of interest in the country’s economic potential following the current Administration’s recent official visit to Tokyo.
According to Romualdez, the additional foreign investments in the Philippines would mean a stream of new capital, the establishment of new businesses, and more employment and business opportunities for Filipinos.
Furthermore, Romualdez described the state visits of the Administration to Indonesia and Singapore as “highly successful” and “very productive,” as these visits resulted in more than $15 billion worth of foreign investment pledges for the Philippines.