The Build approach creates 1.1 million jobs yearly in Philippines
The Philippine government has launched a huge Infrastructure Program by name “Build Build Build”. It has the capacity to generate 1.1 million jobs annually in the medium term. The government has a plan to spend heavily in the development of infrastructure projects. The aim is to address unemployment issue of the country. Another important factor here is the return of Filipino workers from Kuwait.
Rodrigo Duterte President of Philippine has asked the Filipinos who are presently serving in Kuwait to return home. There are extensive reports regarding the abuses of Filipino maids by employers in Kuwait.
The unemployment rate in the country, at present is 5.3 percent. This is a substantial decrease from rate of 6.6 percent of the last year. Furthermore the figure of persons having an employment at present is 41.76 million. In 2017 it was 39.35 million.
The lowest employment rate for January 2018 was in the Capital Region 92.2 percent. In Ilocos Region of north Philippines Luzon Island, it was 93.3 percent, and in CALABARZON at 93.3 percent. This CALABARZON region comprises provinces of Cavite, Laguna, Batangas, Rizal and Quezon. Furthermore, the Jobs in this program belong to development and construction sectors as well as some other sectors also.
An online job portal will be created and it will help in the consolidation of job openings and postings. Moreover, it will provide opportunities associated with the Build Build Build. It come up and commence within a year.
Moreover, the organizers will also hold a jobs caravan, and present several opportunities of jobs to the people. Firstly, as per the government this program has the aim to cover the shortage in infrastructure. Additionally it will facilitate the Golden Age of Infrastructure in the country. The administration has a plan to spend 8 to 9 trillion pesos, corresponding to 160 to 180 billion US dollars in the medium term. The government has an estimate that the spending in infrastructure will increase from 5.4 percent in 2017 to 7.3 percent of GDP in 2022.
The program will help the country to establish an effective and efficient transportation system for the public. Moreover, there will be better roads and bridges, airports and seaports, besides railway systems. Together they will provide sufficient accessibility to the remote areas in the country.