Business groups vow to upskill workers, generate 1m new jobs manilastandard.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilastandard.net Daily Mail and Mail on Sunday newspapers.
Cebu ecozone (File photo) MANILA - The chair of the House Ways and Means Committee on Monday urged the semiconductor and electronics industry of the Philippines to draw up contingencies and ways to capitalize on supply disruptions elsewhere as leading electronics manufacturers in China face shutdowns related to rising coronavirus disease (Covid-19) cases. Albay Rep. Joey Salceda asked electronics manufacturing companies to have contingencies so that the production of electronics and semiconductors would not be halted. He cited the case of Apple Inc's prime supplier Foxconn Technology Group at two of its factories in eastern China's Kunshan halting operations after new Covid-19 cases were reported on site. "I am asking the PEZA (Philippine Economic Zone Authority) and the Semiconductors and Electronics Industry of the Philippines, Inc., to figure out how we can make sure that there are no shutdowns due to Covid, how we can use these global trends as an opportunity to market
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BusinessWorld
May 25, 2021 | 8:27 pm
REUTERS
THE Philippine special envoy to the US is planning a public-private initiative to invite US companies to relocate to the Philippines from China.
The initiative will target manufacturing and assembly, logistics, and green energy companies.
“More than raising the level of discourse about this investment opportunity for our country, we will endeavor to chart an efficient roadmap for US companies seeking to do business in the country as guided by the Ease of Doing Business Act,” Special Envoy Jose E.B. Antonio said in a statement Tuesday.
The project will start with virtual conferences to discuss ease of doing business in the country, including reforms to business permit processing, the automation of transactions, and anti-corruption policies.