PH launches ‘Tatak Pinoy Strategy Act’ to boost productivity, reinforce domestic value chains

PTVPhilippines

PH launches ‘Tatak Pinoy Strategy Act’ to boost productivity, reinforce domestic value chains  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00In other news, the first-ever commercial scheme and action plan that ramps U.S. productivity,

00:05strengthens local supply chains, and generates stable, decent paying and high school jobs

00:11was set in stone earlier in the day.

00:13Republic Act 1-1981, otherwise known as the Tatak Pinoy Strategy Law,

00:19was officially launched today, which covers the sectors of electronics and semiconductor manufacturing,

00:25agri-processing, pharmaceutical and defense production, and the provision of MSME support,

00:32as our Denise Osorio reports.

00:36The nation's first long-term industrial roadmap was formally launched today,

00:41the Tatak Pinoy Strategy Act, established under Republic Act 1-1981.

00:46It places a strong emphasis on raising productivity, reinforcing domestic value chains,

00:51and driving the creator of more stable, well-paid, and high-skilled employment for Filipino professionals.

00:58The Department of Trade and Industry confirms the strategy will position high-caliber local industries

01:03for the global market, spanning semiconductors, electronics, agri-food processing,

01:10pharmaceuticals, and defense production.

01:13The program will also extend greater support to small and medium-sized enterprises,

01:18as well as innovation-led investments.

01:20Sometimes we forget the strength of the local market.

01:24In fact, the local market is what attracts the foreign investors to come here.

01:28We are almost 120 million Filipinos, so let's not discount the local market also.

01:35Education Secretary Sonny Angara, the principal author of the act,

01:39emphasized that Tatak Pinoy is grounded in advancing the nation's capacity to produce high-value,

01:44technologically sophisticated products that deliver stronger economic returns.

01:48The core idea is economic complexity.

01:51What is that idea?

01:52It's a little wonky, but it just says that the most successful countries with the highest standard of living

01:59are those which produce the most economically complex products.

02:03What is an economically complex product?

02:06It's a TV, it's an airplane, it's an Apple phone.

02:09Because there's so many, so much know-how goes into making these products.

02:12Angara further noted the Department of Education will be instrumental in nurturing a workforce

02:18that can match the world's leading industrial economies.

02:22This includes a broader STEM talent pipeline and much closer engagement of partners within the industries

02:27to boost science and engineering capabilities.

02:30Malaking customer din ang DepEd dahil 45,000 ang eskwelahan,

02:361 million ang ating mga teachers at saka empleyado.

02:40So tingin natin may market, tinatawag na market power din tayo.

02:44So gusto natin yung, for example, halimbawa yung mga furniture na nasa silid-aralan natin,

02:51pwedeng karamihan gawin natin sa bamboo.

02:53Meanwhile, the Philippine Chamber of Commerce and Industry's Honorary Chairperson Sergio Ortiz-Luis Jr.

02:59stressed a robust statutory framework will be key in locking in local sourcing

03:04and strengthening internal supply networks,

03:07adding that the law will provide a lift to small businesses

03:10and increase the country's exporting clout over the long term.

03:13Many of the exporters, especially small of us, are bone grass in a way.

03:20They're local and a voice supplier.

03:24So they will try because the imports will be difficult.

03:29So the domestic production will be competitive, even locally.

03:34And then for export, it will be competitive.

03:36Early signs of recovery are emerging across the export sector.

03:40Latest figures indicate a 19.4% rise in exports,

03:44up from US$6.2 billion last year to just over US$7.39 billion by October 2025.

03:51By 2040, the Tatak Pinoy Council projects the strategy could generate more than 11 million jobs

03:57and inject up to P8 trillion into the economy through modernized procurement,

04:02more connected supply chains, and increased local manufacturing output.

04:06Denise Osorio for the National Television Network for a new and better Philippines.

Category

Transcript

Be the first to comment

Recommended