JOB GENERATION is crucial to an economy’s continued strength so the government should do more to attract investors, the Employers’ Confederation of the Philippines (ECoP) said.
The ECoP, which today holds its annual National Conference of Employers (NCE), is looking to come up with a set of resolutions that will be presented to the Aquino administration.
"There is a lot of growth now and there is a lot of interest in the Philippines," ECoP President Edgardo G. Lacson said.
"What should be done is to generate more interest from investors with business friendly policies so the right kind of investments, the ones that create jobs, enter the country," he added.
"[T]he government’s focus should be on investor promotion so there will be more jobs available."
Sergio R. Ortiz- Luis, honorary chairman of the ECoP, said building competitiveness requires attention to issues such as the high cost of doing business in the country and constitutional limitations on foreign ownership.
"The fact that our foreign direct investments is one of the lowest in the region means [that[ while there is interest, there is little follow-through..." he said.
The ECoP will likely push anew for wage-setting reforms.
"Wage setting should be market driven and be tied in with productivity," Mr. Lacson said.
This year’s NCE, which will be held in the Mariott Hotel, has the theme "Inclusive Growth: Vision, Prescriptions, and Action."
Vice-President Jejomar C. Binay is the opening keynote speaker while Labor Secretary Rosalinda D. Baldoz will deliver the closing address on Friday. -- E. N. J. David, Businessworld
- See more at: http://www.bworldonline.com/content.php?section=TopStory&title=Employers-to-urge-more-gov%E2%80%99t-action&id=70659#sthash.mwr0HF5H.dpuf
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