Marcos signs law establishing national employment master plan

Metro Manila (CNN Philippines, September 25) — President Ferdinand Marcos Jr. on Wednesday signed into law a measure creating an employment master plan for the Philippines.

The enactment of the Trabaho Para sa Bayan Act seeks to provide a boost to employment recovery and give more jobs to Filipinos.

In his speech, Marcos said an inter-agency council would be created to focus on the establishment of the employment master plan.

He said the passage of the measure will support the current administration's target of achieving a "sustainable and inclusive development of the country."

Marcos said the law will address low-quality jobs, skills mismatch, and underemployment, as well as increase the usage of digital technologies.

The chief executive said the government would incentivize employers and private players who will facilitate skills development and knowledge sharing among businesses and workers.

Micro-, small- and medium-sized businesses can also expect expanded access to financial services, he added.

The Palace said the new law will spur Philippine economic growth as this would "create decent employment and promote the competitiveness, wellness and productivity of workers."