In a statement on Thursday, June 1, NEDA Secretary Arsenio M. Balisacan said the government is now taking measures to better align education systems and upskilling programs with the needs of the private sector.
He stated that concrete solutions to this issue include improving access to opportunities for lifelong learning through apprenticeships and increasing investments in Technical and Vocational Education and Training programs. Balisacan recalled how the Philippine textile industry used to be one of the most competitive industries in the country.
The discussion also touched on the effective implementation of the Ease of Doing Business Act and constraints on the entry and operation of foreign business and investments. These included the Build-Better-More Program, proposed amendments to the BOT law, and the nation’s development targets.
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