{"id":149879,"date":"2018-01-30T05:01:26","date_gmt":"2018-01-30T10:01:26","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=149879"},"modified":"2018-01-30T05:01:26","modified_gmt":"2018-01-30T10:01:26","slug":"focus-on-manufacturing-fuels-economic-growth-pernia","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/30\/focus-on-manufacturing-fuels-economic-growth-pernia\/","title":{"rendered":"Focus on manufacturing fuels economic growth: Pernia"},"content":{"rendered":"<figure id=\"attachment_148969\" aria-describedby=\"caption-attachment-148969\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/NEDA-Pernia-by-Toto-Lozano-PPD.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-148969\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/NEDA-Pernia-by-Toto-Lozano-PPD.jpg\" alt=\"NEDA Director General and Socioeconomic Planning Secretary Ernesto Pernia (PNA Photo)\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/NEDA-Pernia-by-Toto-Lozano-PPD.jpg 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/NEDA-Pernia-by-Toto-Lozano-PPD-300x188.jpg 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-148969\" class=\"wp-caption-text\">FILE: NEDA Director General and Socioeconomic Planning Secretary Ernesto Pernia (PNA Photo)<\/figcaption><\/figure>\n<p>MANILA &#8212; The Philippines should continue focusing on manufacturing to drive economic growth amid the plateauing of the business process outsourcing (BPO) sector\u2019s development, said the country\u2019s chief economist.<\/p>\n<p>\u201cWe should continue to put emphasis on manufacturing not just of the traditional kinds of merchandise and goods, but also more advanced, more knowledge-based type, technically innovative goods,\u201d Socioeconomic Planning Secretary Ernesto Pernia told reporters on Monday.<\/p>\n<p>Pernia, also the National Economic and Development Authority (NEDA) Director-General, said there are other kinds of manufacturing products that needed to be developed apart from electronics.<\/p>\n<p>\u201cWe have to diversify our manufacturing sector. We have to specialize in something where we have our inherent expertise. So in trade among countries, there will be specialization in terms of strengths and weaknesses,\u201d he said.<\/p>\n<p>Pernia earlier attributed the slowdown in the exports of services to the weakening of the BPO industry, an indication the sector was ripe to move into higher value-added services.<\/p>\n<p>The NEDA chief thus urged BPO industry players to \u201cequip themselves appropriately, so they can continue to be in business.\u201d<\/p>\n<p>\u201cWhat we are saying is, you have to be conscious now of the technological advances, innovations. AI (artificial intelligence), for example, is a major challenge to an industry like BPO because then, there will be less need for people in the BPO if these things can be done by robots or machines,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The Philippines should continue focusing on manufacturing to drive economic growth amid the plateauing of the business process &hellip;<\/p>\n","protected":false},"author":33,"featured_media":148969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[14882,12460,11001],"class_list":["post-149879","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business-process-outsourcing","tag-ernesto-pernia","tag-national-economic-and-development-authority","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/149879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=149879"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/149879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/148969"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=149879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=149879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=149879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}