PIDS: PH ‘lack structural transformation’ on industry, manufacturing

The Philippine Institute for Development Studies (PIDS) said on Wednesday the government should provide incentives to attract companies to invest in the country, as well as suggesting that there should be council or institutes for some industry groups to boost manufacturing performance. According to the study on manufacturing and industries, PIDS acting vice president Rafaelita Aldaba said that the manufacturing sector lack "structural transformation” from the legislative branch with the p "We really need to transform the manufacturing and industry of the Philippines,” Aldaba said, referring to the Philippines lagging behind in manufacturing and industry among countries in the region at present. For productivity of the sectors, Aldaba cited that there should be "cluster-based interventions” of the local, regional and branches of the national government such as increasing supply of skilled workers; encourage technology adoption; and further improving regulations and infrastructure buildings.