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PH Economic Growth Helps Govt Reach Millennium Development Goals

by: Sarah Joson

Wednesday, April 16, 2014 | Outsourcing News |

The Philippines on track in Reaching Millenium Development Goals

During his speech at the Economic Journalist Association of the Philippines (EJAP) last Saturday, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said as the economy of the Philippines continues to develop, the local government has been able to achieve its Millennium Development Goals (MDG). According to Guinigundo, more Filipinos now have jobs and are able to sustain their daily needs.

He then pointed out that this target is the first item indicated in the government’s MDG. Moreover, he stated that the certification program under the Technical Education and Skills Development Authority (TESDA), which aims to assist those who want to work for the government, boosts their chances to get employed not only locally, but abroad as well.
For domestic opportunities, he cited the business process outsourcing (BPO) sector as a key provider of jobs in the country. Guinigundo added that the sector has contributed immensely to the growth of the country’s gross domestic product (GDP). The BPO sector is also a crucial factor in the growth of the food industry. Because of the increased purchasing power of Filipinos, restaurants are popping up where the BPO hubs are.


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