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Thursday, November 7, 2024

Marcos signs Enterprise-Based Education Act into law

President Ferdinand Marcos Jr. on Thursday signed the Enterprise-Based Education and Training (EBET) Framework Act, which aims to improve skills development and address job-skills mismatches in the Philippines. 


Republic Act No. 12063, also known as the EBET Framework Act, seeks to create a cohesive system for enterprise-based training by integrating various programs under one framework. 

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“By establishing a framework on career advancement and industry-relevant skills, this law directly addresses the issues on the lack of formal training and skill mismatches, ensuring that every Filipino can contribute and benefit from our nation’s growth,” President Marcos said during the ceremonial signing of the law at the Malacañan Palace.

 
The President stated that the EBET will offer Filipino workers accessible skills training that aligns their capabilities with industry needs.

“By opening pathways to professional growth, employment opportunities, and entrepreneurship, we are answering the call for quality employment,” he added.


The EBET Act will expand training opportunities for Filipinos seeking to acquire, upgrade, or refine skills, preparing them to compete in both domestic and global markets. 

It complements the Trabaho Para sa Bayan Act, bolstering national efforts to drive economic growth, improve employment rates, and enhance individual career prospects.

Technical Skills Education Development Authority (TESDA) Director General Jose Francisco Benitez, who praised the law as a “game-changer,” highlighted that EBET’s immersive learning approach will prepare Filipinos with industry-relevant skills. 

He noted that enterprise-based training programs yield strong employment outcomes, with TESDA data showing an 85 percent employment rate among its graduates in 2022.

Under the EBET law, TESDA will offer scholarships through the Tulong Trabaho Fund and the Training for Work Scholarship Program, helping cover training costs for enterprises.

The new law also raises the tax incentive for companies participating in EBET, allowing a 75 percent income tax deduction on training expenses by 2028, up from the previous 50 percent.

To streamline processes, the law calls for a one-stop shop or an online portal where enterprises can access training incentives more easily. TESDA is also seeking an additional P4 billion from Congress to fund the EBET program in 2025, aiming to support 105,000 scholars.

“This law strengthens the Philippines’ commitment to developing an agile, skilled workforce ready to meet both local and international labor demands,” Benitez said.

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