A new year with new job opportunities!
There is no doubt that the Year 2007 was a good year for the Philippine economy but as usual, it was another ugly year for Philippine politics, culminated by the most stupid coup attempt ever dared by that unfit Senator Antonio Trillanes. The best performer was really the Philippine Peso which coming from a nation that was always given the moniker “Sick Man of Asia” turned out to be the best performing currency in
I’m sure that we can expect a better performance to the peso in this new year 2008. However this would mean that there could be an economic downturn for the
It is for this reason why we wrote an article last Friday about Entrepreneurship and the OFW because it is high time that the money that OFW earns from working abroad is plowed back to the Philippine economy to generate new medium and small business enterprises, which is actually the backbone not only of the Philippine economy, but the most economies of many first world countries.
The reason why Pinoys work abroad is because we have very little well-paying jobs available in this country. But that was then. Today we have great job opportunities from call centers that pay better than average wages on jobs that often require good English skills. There are also job opportunities that the Tsuneishi Shipyard and the FBM Marine shipyards in Balamban. And did we hear that the reopening of the Atlas Mines in
When those job openings are filled up, it can cause a ripple effect in the economy where small time restaurants or carenderias can open up to feed the working class. No doubt, the reopening of the Atlas Mines will be a boon to the City of Toledo because this giant company can now pay its annual taxes to the coffers of the city the way they used to before they closed.
What is of paramount importance to us is to ensure that those industries are always supplied with a well-trained work force. The shipbuilding industry in Balamban is doing very well these days, but it faces stiff competition with
* * *
The New Year 2008 is just starting. I would like to support the other Maritime nations who have chastised the United States during a World Trade Organization (WTO) forum over the continued exemption of the US under what a law dubbed the “US Jones Act” from the global rules that all Maritime nations, that includes the Philippines. Don’t forget that
Whatever it is, the Jones Act affects any Maritime business whether it is shipbuilding or ship servicing or crewing as it stipulates that the transport of cargo between US Ports must be carried out by ships that are US built, registered, owned and crewed largely by US nationals. If you ask me, this is not the objective of the WTO, where there is free trade and commerce that is being promoted in this globalized world. Because of this a Japanese delegation told the WTO General Council that this issue was “A serious deviation from the fundamental principles of global trade.” I fully agree with them!
What does this mean to us? Here in
Of course the
- Latest
- Trending