MANILA - The Philippines should take advantage of its young workforce to harness and "export" more professionals in the future, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.
The country should send more doctors, nurses, and computer specialists, among others, who can contribute to remittances, Diokno said in a Malacanang press briefing.
Cash remittances could contract by 5 percent this year, Diokno earlier said, due to the impact of the coronavirus pandemic to global jobs.
However, the negative outlook is just temporary, Diokno added.
"Hindi po tayo dapat ma-bother na maliit ngayong taon na ito, sa tingin po namin ay temporary lang itong nangyari sa atin. Dapat siguro mag export pa tayo ng maraming doktor, nurses, computer specialists in the future," Diokno said.
(We should not be bothered that remittances could be small this year. We think this is temporary. We should export more doctors, nurses, computer specialists.)
Unemployment ballooned 17.7 percent in April, equivalent to 7.3 jobless Filipinos. Hundreds of thousands of overseas Filipino workers who lost their jobs due to the pandemic have also applied for cash aid from the labor department.