THE Department of Labor and Employment (DOLE) is now focusing on jobs mismatch issues as the agency prepares for the entry of more foreign investors in the country.
In a statement issued through the Presidential Communications Office (PCO), Labor Secretary Bienvenido Laguesma said the DOLE is preparing for the entry of more foreign investors in the country by ensuring that the Philippines has a pool of well-educated and highly skilled workforce.
The DOLE is paying attention in resolving jobs mismatch issues through the upskilling of Filipino workers, said Laguesma. Laguesma said upskilling of workers must be industry-led as well as demand- and market-driven so that workers can find employment that suits their skills.
Laguesma added that jobs mismatch issues can also be addressed by conducting jobs fairs, with the DOLE focusing on knowing the requirements of every industry to effectively address them.
Earlier, Speaker Ferdinand Martin G. Romualdez said he sees the Philippines getting swamped with a tsunami of investments from Japan amid overwhelming interest in the country’s economic potential spurred by President Ferdinand R. Marcos Jr.’s recent official visit to Tokyo.
More foreign direct investments into the country would mean infusion of new capital, establishment of new businesses, as well as additional employment and business opportunities for Filipinos, according to Romualdez.
The Speaker has also described as “highly successful” and “very productive” the state visits of the President to Indonesia and Singapore, which, he said, produced more than $15 billion worth of foreign investment pledges for the Philippines.