I'm happy and proud to support the birth of the Philippine Chamber of Commerce - Michigan under the able lead of its many fine officers. This organization will provide an excellent link among Filipino businesses in Michigan. More importantly, it will give
PCCI president Alfredo Yao said the agreement provides the formal structure under which both chambers could adopt and implement to make available apprenticeships, entrepreneurship and employment services that can help young Filipinos make the transition from school and training to decent work.
Yao said businesses need to invest in creating and maintaining a high-performance workforce if they are to are to keep their competitive advantage in the Asean and global marketplace.
He said Increasing shortages in productive manpower are already being felt by several companies finding difficulty in recruiting skilled workers.
"PCCI member-companies and the industries they represent are in agreement towards the importance of narrowing the gap between skills in demand by industry and the skills that are being taught and are currently available," he said.
"There are jobs, but few workers could fit them.
If young Filipinos are skilled, they could get hired and raise total family earnings," Yao added.
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According to PCCI president Alfredo Yao, the PCCI recently met with Khalid S. Halawani Alsaid, commercial attaché of Saudi Arabia based in Kuala Lumpur, and Ayman A. Bedaiwi, first secretary of the Embassy of Saudi Arabia in the Philippines.
Yao said the parties plan to have an exchange of trade delegations this year involving companies focused on infrastructure, manufacturing, information technology, fresh fruits and vegetables, processed food, handicrafts and tourism.
This, as the parties want to create awareness on specific projects, commodities and services offered by both countries.
Yao said there are opportunities for companies from Saudi Arabia to invest in manufacturing projects in the Philippines to cater to the domestic market as well as other Southeast Asian countries as products made in the Association of Southeast Asian Nations (ASEAN) would soon enter other member-countries at zero duty.
As in Saudi Arabia, there are also economic zones in the Philippines that offer incentives for foreign locators, Yao said.
Alfredo M. Yao, president of the Philippine Chamber of Commerce and Industry (PCCI), said the business sector was, however, optimistic that at least 40 percent of the proposed reforms they would be submitting to President Aquino Tuesday could still be implemented in the remaining months of the current administration, particularly in the area of infrastructure.
"Usually, only 40 percent of what we submit to the government (every year) are accomplished.
If we have political will, the implementation will be faster.
Instead of 40 percent, the success rate in terms of implementing the reforms we've proposed will be higher at about 70 to 80 percent.
A lot can happen because of political will," Yao said on the sidelines of the 41st Philippine Business Conference (PBC) on Monday.
The Asean Economic Community and the various free trade agreements that we have entered into are not just there for us to reap their benefits but for us to sharpen our competitive advantage," Yao said during the opening of the 41st PBC yesterday.
"Our foremost challenge as businesses in this new global order is how to maximize the expanded market and the new resources that come with integration.
We need the government to come up with sound policies and strategies to leverage our competitive edge," Yao further said.
Signatories to the joint position paper were the respective heads of the various business groups, including Alfredo M. Yao of PCCI, Edgardo Lacson of the Employers Confederation of the Philippines, Jaime Ysmael of the Financial Executives Institute of the Philippines, Francisco del Rosario, Jr. of the Management Association of the Philippines, Sergio Ortiz-Luis, Jr. of the Philippine Exporters Confederation, Tita Caluya of the Philippine Institute of Certified Public Accountants and Terence Conrad Bello of the Tax Management Association of the Philippines.
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