Panayam kay Private Sector Lead for Jobs at Go Negosyo founder Joey Concepcion kaugnay ng impact ng S&P outlook sa business sector ng bansa

PTVPhilippines

Panayam kay Private Sector Lead for Jobs at Go Negosyo founder Joey Concepcion kaugnay ng impact ng S&P outlook sa business sector ng bansa  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00On the impact of S&P Outlook on the business sector of the country, we will discuss it with Sir Joey Concepcion,

00:09GoNegosyo founder and private sector lead for jobs.

00:14Sir Joey, good afternoon to you.

00:17Good afternoon.

00:20To understand the effect of S&P Credit Rating on the business and private sector, what is it?

00:34Well, of course, the rating of the Philippines is also important.

00:40It gives somehow that the country is doing well if it has a good rating.

00:48I think under the administration of President Marcos, things have been doing much, much better.

00:59I can see it for myself. I'm in the front line and helping MSMEs.

01:05That's the first thing we're doing. This sector is very important.

01:11If this sector is not going to do well, the growth of our country will not move higher.

01:21We have to have what I call an inclusive growth economy.

01:26How do you think the business sector improvements and tax reforms in the rating of S&P in the Philippines helped?

01:37Well, I think all of the incentives that the government has given, it's helping definitely big business.

01:49It's also moving down to the medium-sized businesses.

01:55I think the support of the government of all of these tax incentives will definitely help.

02:04But I think more than that, it's really pushing for a very inclusive economy.

02:13And because of digitalization, many MSMEs are able to become content creators and influencers.

02:29Social media has really changed the game for breaking the barriers.

02:34Before, only big corporations are able to advertise.

02:39But the small ones, they cannot promote their product. They don't have access.

02:43But with social media, Instagram, TikTok, Facebook, etc., the world has really changed.

02:51And so, our MSMEs are happy because they have a new avenue of promoting themselves or promoting their products or services.

03:04The only thing missing here is we really have to upskill our people.

03:09That is very important.

03:11If they want to become a successful entrepreneur, we always suggest take employment first, improve your skill, define your talent,

03:19and eventually, down the road, you can start a business.

03:23So, that's more or less our model.

03:26What we do is we go out and do business.

03:30And we have DTI here.

03:32In almost all provinces, we're hitting the grassroots.

03:36That's what's really hard here in doing business.

03:40And almost 100 to 150 mentors come with us.

03:45We set up either in SM Malls or Robinson Malls or Ayala Malls.

03:50And that's all every week.

03:52So, this coming December, the first week of December, we have our Balikbayan Summit.

03:57This is one of the biggest events.

03:59Close to 5,000 have registered in Balikbayan.

04:03So, we want our OMWs.

04:05We supply a lot of workers overseas.

04:08Yes, there are sacrifices in their families, but at least it helps with their children's tuition fees.

04:16And they are able to have some capital to start a business so that eventually, when they retire here in our country,

04:24they will have enough money to sustain themselves.

04:29So, I think this is the way forward.

04:33DTI is a very strong partner of GoNegosyo.

04:36So, the private sector, the mentors, the top entrepreneurs,

04:41and we have the regional directors of DTI,

04:45including Secretary Chris Rocket.

04:49I think this partnership is the right formula so that we're able to reach every Filipino out there.

04:58And that was my goal for the last 19 years, to really help our MSMEs.

05:03At least, if we have negotiators that are doing well, of course, our economy will start to grow.

05:11It's not just corporations like ourselves that should grow.

05:16We really have to scale up our MSMEs so that they can become medium and large,

05:21and eventually, people like our companies.

05:25So, I've seen it.

05:26Many of them, I can see that they're moving up.

05:29So, basically, what we do, we provide mentors, we provide access to funding,

05:33and we provide access to market, which we're teaching them now to learn social media,

05:38learn the platforms that you should be in,

05:40and we're teaching them how to become influencers and content creators.

05:44So, this is the upcoming Balikbaya Summit, Sir Joey.

05:49You're encouraging our OFWs, the big earners in the country,

05:55to eventually invest in our country and maybe start their own business

05:59so that they don't have to live in another country forever.

06:04Yes.

06:05And come back.

06:06Because they have to have a roadmap.

06:10Eventually, these people, either some of them will be lucky enough to,

06:15if they're working in Europe or the United States,

06:18they may have the chance to become citizens, may have the chance.

06:21But many of them here in the Middle East countries, of course, that's not accessible.

06:27So, many of them are, of course, getting much better pay.

06:32Because now, the dollar is strong.

06:35So, people are saying, the dollar is strong.

06:38Yes, for us who live here, that is negative.

06:41But for the OFWs who are working overseas, that is positive.

06:46So, that will help them.

06:49Of course, we don't want our Philippine peso to depreciate.

06:53But, of course, when the peso depreciates, it also makes us more competitive.

06:57But, again, it has to be a balance.

07:00So, I am really, really passionate in really helping our OFWs.

07:06Eventually, we'll eventually retire in the Philippines.

07:09And we want them, after sacrificing being away from their family,

07:14to have the chance to provide for their family a better life.

07:17And that is sustainable.

07:19If they come back, they can be employed or they can at least start a business.

07:24But, most of them, if they really took care of their money,

07:29they will have enough to provide for starting a business.

07:32And this is where we're trying to help them.

07:34We will be very careful.

07:36Those who have no skill or who don't know what to do should not even start a business.

07:43Okay.

07:44Sir Joey, these are the political talks of the past few days.

07:49Even though this is an internal issue, how do you think this is also affecting our economy, our businesses?

07:56Well, unfortunately, of course, you have this situation now.

07:59But, I think, regardless of that, we should remain focused on our economy.

08:04I think all of these things will eventually pass.

08:08And what's important is that this Christmas season, we have to celebrate.

08:16Celebrating Christmas in a happy environment generates more spending.

08:23So, the more that people will spend to buy gifts, to have parties, that helps a lot in increasing the economy.

08:32As of this point in time, our company is in the ice cream, the pasta, and all of that.

08:36At this point in time, what we see is we're running out of stock.

08:39So, this is one of the best holiday seasons that we see that the demand is quite high.

08:45It's unusual that we produce enough for the next three months.

08:50But, you can see the surge in people wanting to celebrate.

08:54So, that's a good sign.

08:56And last question, Sir Joey.

08:58How do you think we can sustain or upgrade the credit rating outlook of the Philippines?

09:06I think the President is doing a great job.

09:11He has got the government to partner with the private sector.

09:16I am part of the Private Sector Advisory Council on Jobs together with Fred Ayala.

09:21And there are different sectors, the health sector, infrastructure, and all of that.

09:24So, all sectors of the Private Sector Advisory Council is advising the President.

09:29We are also doing our own thing.

09:31In my case, we are upskilling our people to have more jobs.

09:35And we're creating more negotiators to put up their own negotiations.

09:39So, each sector is doing what they think they should do to make the lives of our people more comfortable, more progressive.

09:49Then again, what I'm trying to say is that what is important is that the economy should grow.

09:56Okay, it's very important that the economy should grow.

10:00But, what we have to see is that the people at the bottom of the pyramid are able to really prosper much more.

10:09Because that bottom of the pyramid is where a lot of people are having a hard time.

10:16And the private sector, big business, is now realizing that together with government, we definitely can make a great impact.

10:25And I can see it happen.

10:27So, this administration is really pro making this country more inclusive.

10:34Thank you very much for your time, Sir Joey Concepcion, Go Negosyo founder and private sector lead for jobs.

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