The Philippines ranks as the eighth biggest contributor in the global value chain, according to the World Investment Report 2013, a study conducted by the United Nations Conference on Trade and Development, which was launched on Wednesday at the Great Eastern Hotel in Quezon City.
The global value chain is an international mechanism that gathers goods from different countries to produce a commodity of higher value.
Zeno Abenoja, director for economic research of the Bangko Sentral ng Pilipinas (BSP), said the Philippines has been exporting semiconductors and printing and computing equipment.
He said that ranking high on the global value chain might mean more jobs for Filipinos.
“Ang ating mga produkto ay ginagamit sa pagbuo ng final goods or services. Ang ibig sabihin nito mas maraming employment. Maraming employment na ma-create para ma-produce itong mga intermediate goods na sumasama sa global value chain [Our products are being used to make final good or services. This means more employment. More employment will be created to produce these intermediate goods that are part of the global value chain].”
Norio Usui, senior country economist of the Asian Development Bank (ADB), said that, besides ranking high in the global value chain, the Philippines has an economy that is also in a perfect position to attract more investors.
“The Philippine economy is now attracting many, many investors,” Usui said. “So we do need more effort to create more and more jobs.”
He added that more investors were looking into putting manufacturing branches in the Philippines.
“Chances are already open, given China’s increasing labor cost, and also Vietnam, and also the tight labor market situation in Thailand, and also Indonesia’s current situation, with the sensitive movement of the labor unions. So the Philippines’ attractiveness has been much, much improved,” he said.
According to Abeneja, the BSP sees inflation rates hovering between 3 to 5 percent as an another attraction for investors.
Usui said the government’s biggest challenge would be to pursue policies that would translate investments into jobs. –Katrina Domingo, http://www.solarnews.ph/news/business/2013/06/26/bsp-more-jobs-with-ph-high-in-global-value-chain
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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