MANILA, Philippines — President Ferdinand Marcos Jr. signed into law the Enterprise-Based Education and Training (EBET) Framework Act to address jobs and skills mismatch, strengthen career development, and promote quality employment in the country.
Marcos believes that the new law, which will also be known as Republic Act No. 12063, will result in improved employment and an increased employment index.
“By establishing a framework on career advancement and industry-relevant skills, this law directly addresses the issues [of] the lack of formal training and skill mismatches, ensuring that every Filipino can contribute and benefit from our nation’s growth,” the president said in his speech during the signing ceremony at the Malacañan Palace on Thursday.
“By opening pathways to professional growth, employment opportunities, and entrepreneurship, we are answering the call for quality employment and fostering a globally competitive workforce,” he added.
Article continues after this advertisement
The Palace said the EBET Framework Act aligns with the government’s efforts to bolster, rationalize, and harmonize various enterprise-based training modalities under one framework.
Article continues after this advertisement
Article continues after this advertisement
According to Marcos, the new law will open and expand training opportunities for those who want to acquire and upgrade their skills to become globally competitive and fit for the evolving labor market.
The Philippine...
New to Versa? It's an app designed to help you grow your savings easily. Deposit RM100 and get a RM10 bonus with the code VERSAMM10 KOTA KINABALU, Nov 25 — Parti Keadilan Rakyat (PKR) Sabah will l...