Private Sector Council, Marcos Jr. map out job creation plans

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WITH support from the Private Sector Advisory Council (PSAC), President Ferdinand “Bongbong” Marcos Jr. is firming up concrete plans to create more jobs and attract more investors.

PSAC convenor and Aboitiz Group president Sabin Aboitiz disclosed the five priority recommendations that the council has endorsed to Marcos to create more jobs; scale up micro, small and medium enterprises (MSMEs); identify labor-intensive, high-potential industry segments; attract more investors by making it easier to do business; make labor regulation more flexible; and build skills for short-term productivity and long-term competitiveness. Aboitiz, along with the council’s jobs sector lead RFM chief executive officer Joey Concepcion and members JG Summit president and chief executive officer (CEO) Lance Gokongwei, SM Investments vice chairperson Tessie Sy Coson, Magsaysay Group president and CEO Doris Magsaysay Ho, Alliance Global Group CEO Kevin Tan, and Ayala Corp. independent director Rizalina Mantaring, met with the President in Malacañang on Aug. 17 to co-create solutions to generate more jobs, upskill more owners of MSMEs, and enable more Filipinos to participate in a digital economy.

New Labor Secretary Bienvenido “Benny” Laguesma also joined the meeting and provided his full support for the top 5 priorities recommended by PSAC. The council will again be meeting with Marcos in the coming weeks to lay out a roadmap that will help the Build, Build, Build and Tourism sectoral groups secure quick and substantial wins in the first 100 days of the administration. (PR)