00:00President Ferdinand R. Marcos Jr. will also focus on strengthening the semiconductor industry of the country.
00:07According to the President, this will greatly help our economy.
00:12Ken Atpasyente of PGV with the news for the country.
00:18President Ferdinand R. Marcos Jr. is focusing on the government and stakeholders' agencies
00:24to strengthen the semiconductor and electronics industry in the country.
00:28In his first visit with the Private Sector Advisory Council Education and Job Sector Group,
00:34the President emphasized the benefits of these sectors to the economy.
00:39The President's point is that the industry must be pushed because of the country's income that can be obtained here,
00:46which is equivalent to the income obtained by the Philippines in the export of products.
00:51It is also time for him to focus on this through cooperation with the industries
00:56to find out how the semiconductor industry can be strengthened.
01:01One of the President's aims is to give incentives to semiconductor locators
01:06or companies operating in the semiconductor industry in a particular location or region.
01:12For example, the President said that when it comes to the CREATE MORE Act,
01:15there is no particular benefit or incentive for the semiconductor industry.
01:20Meanwhile, other industries such as car manufacturing have been given incentives.
01:25That is why the Executive Board called for help from the stakeholders of the industry
01:30to determine the necessary steps and incentives in the upcoming law.
01:36At the same time, the Private Sector Advisory Council Education and Job Sector Group
01:40also presented the country's semiconductor and electronics roadmap to the President
01:44and recommended the creation of the National Education and Workforce Development Plan or NATPLAN
01:49which was supported by President Marcos Jr.
01:52The semiconductor industry is focused on the production and development of semiconductors
01:58or materials used in the production of electronic devices
02:01such as cellphones, computers, and other gadgets
02:05that are an important part of everyday life.
02:08From PTV Manila, Kenneth Paciente, Balitang Pambansa.
