The number of unemployed will continue to increase this year if growth will not exceed seven percent according to Edgardo Lacson, president of the Employers Confederation of the Philippines (ECOP).
Lacson said to counteract this expected trend, local investors must be encouraged to engaged in new businesses so that more Filipinos will be employed.
Lacson said that for growth to trickle down to the poor and the jobless, the economy should grow beyond seven percent.
He said that the current growth rate, already at seven percent reduced unemployment rate by .2 percent which “is not enough.”
“The creation of new jobs is very important,” Lacson said.
Lacson added the need to protect startup enterprises by local investors whose capital are more stable.
“BPOs (business process outsourcing) is cost-driven but they can move out in two days,” he said.
Lacson said while the Philippines does begin to attract investments in manufacturing, it is not getting enough because of high power costs unlike in other countries where industries are being subsidized by government and not by users which pass on the cost to their products and services.
Lacson said this year employment prospects in the BPO sector would still be rosy following a recent agreement by the Business Processing Association of the Philippines with its counterpart in India, NASSCOM where the two would collaborate on getting BPO firms here and sending workers to India.
Lacson added that deployment of overseas Filipino workers would remain stable thus ensuring a steady inflow of dollar remittances.
Lacson said the Philippines has an investment climate conducive to investors and locators to set up shop here and generate jobs.
Lacson also said the private-public partnership (PPP) projects would have multiplier effect on the economy, generating jobs across all sectors.
Still, Lacson said ECOP “dreams” of bringing down unemployment rate to 3 percent to make the number of unemployed manageable.
“It’s easy to dream about it.”
Unemployment rate in Philippines decreased to 6.8 percent in October of 2012 from 7 percent in July of 2012.
Lacson said unemployment could hover around this level this year once PPP projects roll out this year. –Malaya
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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