The Department of Trade and Industry (DTI) and the Technical Education and Skills Development Authority (TESDA) signed a Memorandum of Understanding (MOU) with SkillsFuture Singapore (SSG) to cooperate on human capital development and the reskilling and skills upgrading of workforce.
“Through this MOU, we seek to partner with the Singaporean government and training institutions to improve the preparedness of our people for the needs of industry and the demands of the global market, especially in the Fourth Industrial Revolution,” said Secretary Ramon Lopez.
Human capital and skills development is a key pillar of the Philippines’ Inclusive Innovation Industrial Strategy (i3S) and a major element of the Inclusive Filipinnovation and Entrepreneurship Roadmap.
In Singapore, SSG promotes a culture of lifelong learning and strengthens the city-state’s ecosystem of quality education and training through various skills frameworks that form part of the country’s industry transformation maps.
“Singapore’s experience in industry and workforce development exemplifies the strong coordination between and among government, industry, training and the education sector, which we aim to foster in the country as we address skills mismatch and prepare our workers for future production,” remarked Undersecretary Rafaelita Aldaba.
Among the areas of cooperation under the MOU involve human capital development knowledge-sharing, workforce capacity-building, and conducting relevant studies towards crafting a comprehensive human capital development and skills training cooperation roadmap.
The MOU was signed during the state visit of Singapore President Halimah Yacob, on the occasion of the 50th anniversary of bilateral relations between the Philippines and Singapore.