QUEZON CITY Rep. Patrick Michael Vargas calls on the private sector to participate in enterprise-based education and training (EBET) to address job mismatch and unemployment.
“Jobs and livelihood remain as top concerns of Filipinos. As more employment opportunities await our labor force with the growing demand of various industries, we have to be ready with qualified human resources in the field of critical and in-demand technical skills,” Vargas said.
He filed the EBET bill which aims to promote equal employment opportunities for all by upgrading skills and competencies of Filipino workers through specialized training that will build higher-level competencies. The law was signed by President Marcos in November last year.
In line with this framework, businesses that will implement EBET or apprenticeship programs will receive deductions from their taxable income equivalent to 50 percent of actual training expenses. They shall also be exempted from duties and taxes if donations, subsidies and financial aid will be made to certified TESDA technical-vocational institutions.
