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Thursday, 21 July 2022

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Site logo image iskup2015 posted: " ...supports 48th Nutrition Month July 2022 ...supports PNP Community Relations Month ...supports 44th National Disability Prevention and Rehabilitation Week Mabuhay 17th Philippine President Ferdinand Romualdez Marcos Jr.  the family of " ISKUP!

iskup news-on-line daily

iskup2015

Jul 21

...supports 48th Nutrition Month July 2022

...supports PNP Community Relations Month

...supports 44th National Disability Prevention and Rehabilitation Week

Mabuhay 17th Philippine President Ferdinand Romualdez Marcos Jr. 

the family of the late Raul Cinco, first gentleman of Hon. Filomena Cinco of Manila is extending gratitude to its relatives, friends, constituents for joining them in their bereavement

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Legarda ammends PESO Act

By Nidz Godino

"The Philippine Statistics Authority reported that about 2.87 million Filipinos were unemployed in March 2022…underemployment rate increased from 14% in February to 15.8% in March 2022," Senator Loren Legarda said in a press release has refiled  measure seeking to amend Republic Act 8759 or Public Employment Service Office (PESO) Act of 1999 to provide more job opportunities for Filipinos.

Legarda stressed that an amendment to existing law would address "drawn-out issue of unemployment and underemployment in the Philippines."

She said promotion of entrepreneurship will improve skills of Filipinos and will encourage self-employment opportunities, which will lead to generating more jobs.

 "The Department of Trade and Industry reported that entrepreneurs have managed to generate 62.4% of the country's employment or over five million jobs…inarguably, entrepreneurs play key role in creating job opportunities and consequently in stimulating  country's economic growth," she stressed.

Legarda's proposed measure intends to rename  PESO offices to Public Employment and Entrepreneurship Service Office (PEESO) and establish  Barangay Employment and Entrepreneurship Service Office (BEESO).

She co-authored  PESO Act during her first term as senator and has also co-authored Republic Act 10691, which initially amended PESO Act.

Legarda refiled further amendments to the law as House Bill 631 during her term as deputy speaker in the House of Representatives.

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