Foreign investments to sustain employment in PH — ECOP
MANILA, PHILIPPINES — The arrival of more foreign investments will sustain the country’s increasing employment rate, said the Employers Confederation of the Philippines (ECOP).
During a Laging Handa briefing, ECOP President Sergio Ortiz-Luis Jr. lauded the government’s efforts to attract more foreign investors in the country.
He said that their expansions to the Philippines will help create more jobs for the local workforce.
Ortiz-Luiz added that the recent foreign trips of President Ferdinand Marcos Jr. are expected to create more business activities and generate employment.
These investments, noted the ECOP official, will help the country to avert impacts of external economic headwinds, such as a possible recession in major markets like the United States (U.S.) and Europe.
“Hopeful ako na we will be spared from that dahil maganda ang direction ng ating pamahalaan ngayon (I am hopeful that we will be spared from that (recession) because of the good direction of our current government),” he concluded.
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