MIF to drive PH’s Meaningful Economic Transformation

The Maharlika Investment Fund (MIF), was signed into law by President Ferdinand R. Marcos Jr. to drive PH’s meaningful economic transformation, including boosting infrastructure development, creating high-quality jobs, and pursuing its initiatives to become an investment-friendly nation. This means increasing the capacity and capability to make profitable investments, such as the Build-Better-More program. 

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Tourism and IT-BPM Industry noted to boost PH economic growth

President Ferdinand R. Marcos Jr. highlighted the Philippines as a Service Export Powerhouse, specifically the Tourism and Information Technology-Business Process Management (IT-BPM) Sectors’ vital roles in boosting the country’s economic growth during his speech in the second State of the Nation Address (SONA) at the Congress last Monday, 24 July 2023. 

Part of the administration’s work is to push the Philippines by making it a “Tourism Powerhouse and an Agile Export Powerhouse” in Southeast Asia, aligning with the two plans, the National Tourism Development Plan (NTDP) 2023-2028 and the Philippine Export Development Plan (PEDP) 2023-2028. 

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PEDP and PDP aligned to achieve the PH sustainable development goals

Both the PEDP 2023-2028 and PDP were aligned to achieve the PH sustainable development goals, with the former focused on export development as the lynchpin of the economy. 

The two plans working together will serve as the platform for attaining the Sustainable Development Goals in 2030 and the Philippines’ AmBisyon Natin towards a prosperous, inclusive and resilient society by 2040, 

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ECOP: 44th NCE “Human-Centered Transitions for a Just and Sustainable Workplace”

The Employers Confederation Of the Philippines (ECOP) celebrated its 44th annual gathering. This year’s National Conference of Employers (NCE) was creatively themed “Human-Centered Transition for a Just and Sustainable Workplace” The forum tackled strategies for creating unique employee experiences and the critical role that employers should play in making this a reality. 

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PBBM Encourages Public-Private Collaboration for Jobs

President Ferdinand “Bongbong” Marcos Jr. (PBBM) welcomes the plan to implement the Private Sector Jobs and Skills Corp (PSJSC) to reform the skills of the Filipino workforce, address jobs, the mismatch of skills, and provide additional employment for the Filipinos. 

In the meeting with the Private Sector Advisory Council-Job Sector Group (PSAC-JSG) on 18 May 2023 at Malacañang, PBBM emphasized the need for the collaboration of the government and private sector to generate more jobs. 

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PHILEXPORT remains EDC’s Accredited Export Organization (AEO)

In 
Photo PHILEXPORT receiving the Certificate of Accreditation from EDC (from left to right): Mr. Philip Young, Mr. Anton Sayo, Mr. George Barcelon, Sec. Alfredo Pascual,
Mr. Robert Young, Ms. Flordeliza Leong, DED Elsa Valenzuela, Asec. Glenn Penaranda.  

The Philippine Exporters Confederation, Inc. (PHILEXPORT) remains to be the leading and dominant export organization recognized by the government, as the Export Development Council (EDC) unanimously approved the renewal of its accreditation during the Joint Council and Executive Committee meeting on 19 May 2023, chaired by Trade Secretary Alfredo E. Pascual and attended by both public and private sector members. 

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Expansion of PH Trade and Investment expected upon RCEP full implementation by June 2

Department of Trade and Industry (DTI) Secretary Alfredo Pascual announced that the Regional Comprehensive Economic Partnership (RCEP) pact among 15 economies in the Asia Pacific region is to take effect on 02 June 2023. The full implementation of RCEP will help expand the trade and investment to all signatory countries within 20 years, including eliminating tariff rates — or the taxes imposed on imported products — on 90% of goods. 

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DOT prides on five-year plan for PH Tourism transformation to be Asia’s tourism powerhouse

Department of Tourism (DOT) OIC Undersecretary for Tourism Development Planning, Verna Covar-Buensuceso presented the DOT’s future plans including the completion of the National Tourism Development Plan (NDTP) 2023-2028 which envisions to transform the Philippines Tourism into a tourism powerhouse in Asia.

Usec Buensuceso cited that the NDTP aims to establish a Philippine tourism industry anchored on Filipino culture, heritage and identity, aims to be sustainable, resilient and competitive in order to transform the Philippines into a tourism powerhouse in Asia.

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PH hosted the first International Ecotourism Travel Mart (IETM)

The Philippines hosted the first International Ecotourism Travel Mart (IETM), that brings together individuals, experts, organizations, ecotourism practitioners, advocates and exhibitors to learn and network across cultures and showcase products and services that have strong economic components, green technology, and sustainable green practices. 

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