Once again, Lakas-Kampi-CMD frontrunner Gibo TeodoroJr. has stressed out that job creation and investment generation are the foremost concerns of a Teodoro administration to rejuvenate the country and make it possible to keep with or even go beyond more vigorous economies in Asia.
“Jobs provide income and they provide for a better healthcare… that is why we have an agenda for peace and infrastructure and human capital development,” said the former National Defense secretary.
The Harvard-trained lawyer likewise urged the need to draw other financiers that would produce jobs for Filipinos to overturn the poverty occurrence in the Philippines. According to Gibo, investments in power generation should now be followed dynamically to deal with the crisis and avoid it from returning in the future because southern Philippines have been bugged by rotating brownouts recently.
“Power is indeed one of the biggest shortfalls of national development and high power cost is a disincentive to capital formation and investments in Mindanao. We’re not saying that we can get cheap power overnight, but what we’re saying is that the road to cheap power does not become cheaper as the years go on. We have to start now to minimize cost. If not, all capital investments will be more expensive,” Gibo said.
Furthermore, Teodoro emphasized in the discussion that new investments are important to ensure the soaring unemployment rate in the country.
Previously, Gibo said that unemployment “can be licked” on the job security concerns.
He planned a two-sided hit by granting urgent jobs and conditional cash transfers to unemployed Filipinos and farmers affected by natural disasters, in addition to good governance policies to attract investors to reconstruct the country’s economy.
“In the short term, we can provide emergency employment and conditional cash transfers, especially during this season of El Niño, not only for the jobless, but also for farmers who have been hard hit by floods during Ondoy last year, and now by drought,” he said
