PASAY CITY – Fulfilling its mandate of generating more jobs and promoting investments, Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga and Viventis Search Asia (VIVENTIS) Executive Director Yu Ming Chin signed last October 19 a Memorandum of Agreement (MOA) on an Investment Promotion Partnership to strengthen the workforce and human resource management, provide high-quality of the candidate pool and expand professional links in economic zones.
Under the Ka-PIPPs program of the signed MOA, Viventis will provide PEZA with relevant information and insights on the local and international workforce and skills supply demand, trends, and changes in critical industries.
Viventis also aims to promote the economic potential of the Philippines as an emerging economic powerhouse by strategizing on programs and other investment areas that will make the Philippines an attractive location for new businesses, which can further bring new skills and job opportunities to its local job market.
Executive Director Chin described strong potential in our job market, which is an opportunity to attract more investors in the country. “We are thrilled to partner with PEZA to move the country to a more strategic and valuable direction in creating programs focused on bringing career opportunities from investors coming in and advocating skills building,” he said further.
On the other hand, Director General Panga said that the partnership with Viventis Search Asia aims to continuously create more jobs for our fellowmen, capacitate and enhance the expertise of PEZA employees, and become more accessible to Filipinos seeking employment within PEZA registered companies.
“Our country produces more than one million fresh graduates every year, and their high English proficiency language, fast learning curve, and versatility make the Philippines more attractive to investors to do business with. And so, it is crucial to hire and train the right people to meet the needs and demands of our stakeholders,” Panga quipped.
Both parties will collaborate on key projects and initiatives to elevate the country’s competitive edge regarding new business opportunities and talent supply. Some strategic initiatives to anticipate include forums and expos on jobs, innovation, and livelihood, as well as programs that support skills training to help match industry demands.
With Viventis’ expertise and insights on industry trends, it can establish a baseline to bridge the gap between market demand and skills supply. At the same time, PEZA will assist Viventis in identifying viable areas for its production facilities to support industries willing to locate in PEZA ecozones and assist in linking up with support industries by entering into joint ventures and other investment arrangements for eligible projects.
The signing was held at the PEZA Head Office, Double Dragon West Tower, Pasay City, with OIC Deputy Director General for Policy and Planning Anidelle Joy M. Alguso and Viventis Search Asia Senior Director Leah Cendaña as witnesses.