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Philippines' net FDI inflows plunge to near 10-year low in April - BusinessWorld Online UP backs rental housing project amid demolition, displacement concerns - BusinessWorld Online Teodoro seeks higher defense spending to bolster maritime security - BusinessWorld Online US tags Pax Silica initiative in Philippines as top priority — DoF - BusinessWorld Online Meralco July power rate rises P0.3428/kWh on higher generation charge - BusinessWorld Online Sandiganbayan rejects Estrada bid to attend Duterte impeachment trial - BusinessWorld Online Bavi, enhanced southwest monsoon to bring heavy rains, strong winds - BusinessWorld Online El Niño, prolonged Middle East war seen keeping Philippine inflation elevated - BusinessWorld Online A decade after Hague win, Filipino fishers still shut out of Scarborough Shoal - BusinessWorld Online DBCC trims revenue goals - BusinessWorld Online Philippines secures $60-M grant from MCC - BusinessWorld Online SM Prime opens P7-billion Cebu arena - BusinessWorld Online Pokémon pop-up store, running event to commemorate 30 years - BusinessWorld Online CTA upholds partial Petron excise tax refunds in twin rulings - BusinessWorld Online BDO eyes at least P5B from sustainability bonds - BusinessWorld Online DMPL cites PHL business, debt restructuring efforts to support continued operations - BusinessWorld Online Cinemalaya 2026 ramps up ahead of return to CCP next year - BusinessWorld Online ICTSI completes Brazil logistics acquisition - BusinessWorld Online Stuff to Do (07/10/26) - BusinessWorld Online BSP still vetting digital banking applicants, official says - BusinessWorld Online PhilWeb partners with Pragmatic Play to expand gaming services - BusinessWorld Online More banks offer free interbank fund transfers - BusinessWorld Online TikTok Shop strengthens beauty discovery with Seoul Glow K-Beauty Campaign - BusinessWorld Online Topline unit, Singapore’s Aesen form offshore services venture - BusinessWorld Online Atome Philippines gets P5-billion credit facility from AUB - BusinessWorld Online Democracy on trial: Why the integrity of impeachment matters - BusinessWorld Online MIC, PNOC study Bataan petroleum storage project - BusinessWorld Online Peso drops further on hawkish Fed, Iran war - BusinessWorld Online Alternergy energizes transmission facilities for Tanay wind project - BusinessWorld Online What Does It Mean to Be Agency of the Year? - BusinessWorld Online Probity due diligence - BusinessWorld Online iPeople, Inc. to hold Annual Stockholders’ Meeting remotely on July 31 - BusinessWorld Online Mynt, Inc. 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Gov’t sees upskilling as key to raising wages - BusinessWorld Online
CEDTyClea · 2026-07-09 · via BusinessWorld Online
TESDA.GOV.PH

THE government is focused on upskilling the workforce en route to ensuring wage growth and making workers ready for the future, the Palace said on Thursday.

Palace Press Officer Clarissa A. Castro said the administration’s focus remains on elevating the quality of jobs and protecting worker welfare.

She said at a briefing that President Ferdinand R. Marcos, Jr., has directed Labor Secretary Francis N. Tolentino to ensure “stable employment and higher wages.”

The administration’s workforce programs include the expansion of “Trabaho Agad” job fairs to offer job opportunities to applicants in various regions of the Philippines

There were about 2.50 million jobless as of May, according to the Philippine Statistics Authority (PSA).

Overall, the the labor force was estimated at 52.13 million.

The youth labor force participation rate in May was 32.3%, with approximately 6.10 million youth currently employed, the PSA said.

To bridge the gap between education and employment, the government has implemented the Labor Education for Graduating Students program, designed to prepare them for entry into the professional workforce, according to Ms. Castro.

Beyond immediate employment, she said the government is also focusing on long-term skills development. Ms. Castro highlighted the partnership between the Department of Labor and Employment and the Technical Education and Skills Development Authority to provide additional training for learners and workers.

She added the government is incorporating entrepreneurship training for livelihood program participants to promote economic independence.

According to the World Economic Forum, urgent, large-scale upskilling is now a global economic necessity to prepare workers for massive structural disruptions expected to affect nearly a quarter of all jobs by 2030.

“It is timely to develop the labor force and invest in employable skills to make workers future-ready,” Ms. Castro said.

In terms of wages, Mr. Marcos said on Wednesday that following Metro Manila’s record P85 wage hike, regional tripartite wage boards are actively reviewing inflation and living costs to determine if other provinces will implement matching wage increases later this year. — Erika Mae P. Sinaking