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MBC willing to work with new govt on job creation, benefit



The Makati Business Club (MBC) has pledged to work with the new administration after the May 9 polls to enact policies that will accelerate job creation and improve the skills and productivity that are key to sustainable growth in workers’ incomes and benefits.

A 2021 report by the Asia Development Bank (ADB) noted that the Philippines spent 2.98 percent of its Gross Domestic Product (GDP) on social services, which is significantly lower than the global average of 12.8 percent.

In relation to skills, the MBC aims to work with the government on education and training reforms to prepare Filipinos for better jobs.

“According to at least one estimate, 2.4 million skilled jobs may be left unfilled if there will be no immediate reforms to reskill and upskill Filipino workers as well as improve the education system for the future labor force,” MBC cited in a news statement released on May 1.

In the short term, the business club commits to work with the government to lessen the burden of rising inflation by protecting or increasing production and addressing supply bottlenecks.

MBC also aims to work with the government to ensure better work conditions, expand healthcare and social security, and develop unemployment insurance.

“We believe these will help create a strong, skilled, upwardly mobile workforce, which is essential to the globally-competitive, job-creating economy we aspire for the Philippines to be,” MBC said.

The MBC is a private nonprofit business association in the Philippines founded in 1981 to promote the role of the business sector in national development efforts.