Keep Filipino talent at home
In terms of indirect and induced jobs, Bingcang said Pax Silica can produce 500,000 to 800,000 jobs so that the country can keep Filipino talent working at home rather than overseas while building hone-grown industries.
“The indirect jobs, the development, the ecosystem, the suppliers, the offices, the commercial aspects - these are the potentials we can create. And that is based on industry practice, what we call the multiplier effect, the domino effect in the economy,” Bingcang told Malacañang reporters.
The 1,620-hectare Pax Silica Initiative is a framework that brings partner countries together to build secure, trusted, and resilient supply chains for critical minerals, advanced manufacturing, semiconductors, computing, data infrastructure, and other inputs needed for AI-driven industries.
“Today, many of our critical minerals are exported in raw form. Pax Silica allows the Philippines to process these resources locally, creating more value, more industries, and more high-paying jobs for Filipinos,” he said.
False information on social media
In the past weeks, the Pax Silica Initiative has been hit for its environmental concerns and for displacing thousands of residents in the provinces surrounding New Clark City where it is planned to be established.
“It is not true because we make sure that we are compliant with the environment. Even though it is 1,600 hectares, under our masterplan, there is a requirement of at least 40 percent open space for parks, open spaces for the workers to increase their productivity,” he said.
