22 January 2025
President Ferdinand R. Marcos Jr. wants the government and other stakeholders to prioritize the development of the semiconductor and electronics industry, recognizing its significant economic benefits for the country.
The President met with the Private Sector Advisory Council-Education and Jobs Sector Group (PSAC-EJSG) at the Malacañan Palace on Tuesday to present updates on previous recommendations and new proposals regarding the semiconductor and electronics industry, education, and workforce development.
“Actually, we really need to push on the semiconductor industry. It’s because, again, it’s not something that we had in mind but the situation — considering how much money we make as the income we get from exports already,” President Marcos said during the 1st meeting with the PSAC-EJSG.
“We really should be focusing on it more. So, let’s do that now. So, we need to hear from the industry to see what you suggest, and what we can try to incorporate na nga,” he said.
“We’ll do it through the IRR siguro. Kasi it took us such a while to get the CREATE MORE in the first place. Kaya naman siguro kasi it’s just another incentive scheme,” he added.
According to the President, one of the focus should be on granting incentives to semiconductor locators, similar to what are being extended to other industries.
For instance, the President said that in terms of CREATE MORE, there is nothing specific for the semiconductor industry while other industries were given incentives such as car manufacturing.
“So, what we would need from all of you is what you think needs to be done,” he said.
The President suggested it could be done through an IRR for quick implementation.
The President’s remarks came after the PSAC-EJSG recommended the review on the IRR of the CREATE MORE Law, which would cover providing incentives for the semiconductor industry.
The PSAC-EJSG also presented to President Marcos the country’s semiconductor and electronics roadmap.
PSAC also recommended the creation of a National Education and Workforce Development Plan (NatPlan), which was supported by the President. | PND
4 February 2025
4 February 2025
4 February 2025
4 February 2025
31 January 2025
31 January 2025
31 January 2025
31 January 2025
31 January 2025
31 January 2025
30 January 2025
30 January 2025
30 January 2025
30 January 2025
30 January 2025
30 January 2025
30 January 2025
30 January 2025
30 January 2025
30 January 2025