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Palace vows to create more jobs through more foreign investments

By: - Reporter / @NCorralesINQ
/ 07:54 PM May 08, 2019

MANILA, Philippines — The government assured the public its commitment to create more jobs by attracting more foreign investments in the Philippines, Malacañang said Wednesday.

Presidential Spokesperson Salvador Panelo issued the statement after the recent Social Weather Stations (SWS) showed a decline in joblessness rate in the Philippines in the first quarter of 2019

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READ: PH joblessness rate drops for second straight quarter — SWS

“The Palace welcomes the latest Social Weather Stations (SWS) survey showing a continuous drop in adult joblessness at 19.7% in March 2019, from 21.1% in December 2018 and 22% in September 2018. The same polling firm indicates that the labor force grew to an estimated 47.6 million Filipinos,” Panelo said in a statement.

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The Palace official touted Republic Act No. 11261, or the First Time Jobseekers Assistance Act signed by Duterte, “which aims to expand accessibility of first time jobseekers to government services and ultimately, to employment.”

“These, among others, show how the President considers labor as one of the engines that will propel further the country’s growth and development,” he said.

“We remain committed in creating jobs by attracting more foreign investments and promoting good governance as we look forward to welcoming more Filipinos in the workforce,” he added. /je

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