The Department of Trade and Industry (DTI) said Tuesday it will upskill more Filipino workers to keep up with the level and nature of investments the President’s foreign trips are bringing into the country.
“The aim is to upskill and reskill workers to have a pool of talents that is ready to serve the requirements of companies particularly the more technical industries like electronics and semiconductor,” DTI Undersecretary Kim Lokin said Tuesday.
She said the DTI would review jobs data to make sure that efforts on upskilling and reskilling of workers align with the President’s 8-point socioeconomic agenda.
Lokin said the DTI expected an increase in jobs generated through the President’s foreign visits. She said 20 projects the DTI approved from the list of investments generated from the President’s foreign trips would contribute to the opening up of new job opportunities in 2024.
The projects were processed and approved by the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA).
Based on DTI data, the consolidated and processed investments reached $72.17 billion or about P4 trillion as of Dec. 21, 2023. They are part of the investment leads generated during Presidential trips.
About nine projects are already operating.
Lokin said many projects were in various stages of development, but the projects would be assessed thoroughly before approval.
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