00:00 President Marcos Jr.'s foreign trips to the Philippines have been a great help in increasing the foreign direct investment of the country last year,
00:11 which is expected to create more jobs for the Filipinos.
00:16 This is the story of Sue Jin Kim.
00:19 The initiative from other countries in the Philippines, or the so-called foreign direct investments or FDI, has been a great help.
00:29 According to the Central Bank of the Philippines, the year-on-year FDI of the Philippines increased by almost 30% this year.
00:38 Among the sectors that have been heavily invested are manufacturing and real estate.
00:44 FDI is one of the key factors for the country's business to grow, which will help create more jobs for the Filipinos and advance our technology.
00:57 According to Trade and Industry Secretary Fred Pascual, President Ferdinand R. Marcos Jr.'s foreign trips play a big role in increasing the number of foreign businessmen to move to the country.
01:09 And according to the secret, these efforts of the President are gradually getting results.
01:16 In fact, in the face of more investments, it is a good thing for the employment situation of the Philippines.
01:24 The number of Filipinos without jobs is decreasing, according to the Philippine Statistics Authority or PSA.
01:31 The employment rate of this December reached more than 60%, or equivalent to more than 50 million Filipinos with jobs.
01:40 In front of this, the National Economic and Development Authority or NEDA said that the best place for employment in the country is one of the sources to protect the purchasing power of the Filipinos
01:53 that can help in the fight against inflation.
01:58 Secretary Pascual assured that they will not stop to make the business in the country better or the ease of doing business that is also important for more businessmen to be able to move to the Philippines.
02:11 Sujin Kim for Pambansang TV in Bagong, Philippines.
02:15 1999.
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