Philippines aims to create 120,000 new jobs

The Philippines will be launching a national Halal strategy which aims to generate PHP 230 billion in investments, create 120,000 jobs in five years, and support MSMEs in becoming part of a global halal ecosystem before the end of this year.

Philippines aims to create 120,000 new jobs
Philippines aims to create 120,000 new jobs
Philippines aims to create 120,000 new jobs

the Philippines will soon introduce a national halal plan that intends to attract PHP 230 billion in investments, create 120,000 jobs over the course of five years, and assist MSMEs in joining the global halal ecosystem.

Following President Ferdinand R. Marcos Jr.'s appeal to foreign investors at the World Economic Forum in Davos, establishing the Philippines as a gateway to the Asia-Pacific area, the Halal strategic planning was initiated.
The plan will also address the growing demand for Halal products and services from both the Philippines ‘domestic market and from the 57 countries that are members of the Organization of Islamic Cooperation (OIC) – spanning Asia, the Middle East, Africa, Europe, and the Americas.
DTI Secretary Fred Pascual said: “Halal as a way of life is not only for the Muslims. It is increasingly being recognized by many non-Muslim consumers worldwide because of ethical considerations, hygiene, fair trade, and just financing.”

“Over the next five years, we plan to achieve P230 billion Halal trade and investments and generate 120,000 jobs,” he added. “By maximizing our potential in the Halal industry, together we will help realize the vision of President Marcos Jr. in gaining more investments, which will mean higher economic activity and more quality jobs, and then a better life for all Filipinos.”

Find Your Dream Job