Enterprise-based education, training now the EBET Law

Quick Summary:

TO help boost the global competitiveness of the country’s labor force, President Ferdinand Marcos signed on Thursday Republic Act (RA) 12063 or the Enterprise-Based Education and Training (EBET) Framework Act, which will provide tax incentives to businesses with skills training programs.

Employees who want to engage in upskilling to support career progression will also be covered by the EBET.“With a rapidly-evolving labor market, one cannot afford to remain stagnant.

Tesda lauded President Marcos Jr.for signing the landmark law promoting enterprise-based training.

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Article Details

Author / Journalist: Samuel P. Medenilla

Category: BusinessStartups

Markets: Philippines

Topics: Incentives Marcos Provide Skills Education Labor Programs Training Ebet 12063 Industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 12:50:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23461243

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 36 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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