A 1.1 billion Peso “stimulus package” was given to the Technical Education and Skills Development Authority (TESDA) on top of the 2.68 billion Peso budget allocated for next year. This announcement was made by Philippine President Benigno Aquino III as part of his plan to grow the BPO, tourism, agribusiness, construction and semi-conductor industries in the country.
500 million Pesos will be used to train scholars and trainers for the BPO industry where a target of 70,000 trainees is expected with 70 percent being employed, above the TESDA target of 60.8 percent employment from its trainees. 600 million Pesos will be used in other industries such as tourism, agribusiness, construction and semi-conductor. At least 100,000 trainees are targeted annually to generate 8.5 million skilled workers by 2016.
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