SMEs

MSMEs in Philippines keen to shift to digital – report

Published by rudy Date posted on October 15, 2021

by Louise Maureen Simeon – The Philippine Star, 15 Oct 2021 MANILA, Philippines — Micro, small and medium enterprises (MSMEs) in the Philippines are the most inclined to shift their activities to digital platforms compared with their counterparts in Southeast Asia

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10% of MSMEs closed as of June – DTI

Published by rudy Date posted on July 8, 2021

by Louella Desiderio (The Philippine Star), 8 Jul 2021 MANILA, Philippines — Around 10 percent of micro, small and medium enterprises (MSMEs) have closed as of June amid the COVID-19 pandemic, according to the latest survey of the Department of Trade and Industry (DTI).

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Philippines MSMEs remain most underbanked in Asia — Philexport

Published by rudy Date posted on May 9, 2021

(The Philippine Star), 9 May 2021 MANILA, Philippines — The leader of the Philippine exporters have called on government to reinvest in micro, small and medium enterprises (MSMEs), which represent 98 percent of total enterprises and are considered the backbone of the economy.

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MSMEs, Cabinet warn vs uncontrolled entry of foreign contractors

Published by rudy Date posted on December 14, 2020

by Paolo Romero (The Philippine Star), 14 Dec 2020 MANILA, Philippines — Cabinet officials and micro, small and medium enterprises (MSMEs) in the construction sector have raised alarm over moves to allow the unregulated entry of foreign contractors in the country, which they said could spell the local firms’ demise.

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Investment program launched to help women-led SMEs in Philippines

Published by rudy Date posted on November 20, 2020

by Louella Desiderio (The Philippine Star), 20 Nov 2020 MANILA, Philippines — The Australian government and Macquarie Group Foundation have launched a program to help women-led businesses in the Philippines bounce back from the pandemic through investments.

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Groups buck added paperwork burden on MSMEs

Published by rudy Date posted on November 3, 2020

by Roy Stephen C. Canivel, Philippine Daily Inquirer, 3 Nov 2020 MANILA, Philippines — Three local business groups are calling for a review of a draft circular on licensing and registration of food businesses, producers and processors, arguing that it will just be an added burden for micro, small and medium enterprises (MSMEs).

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Six months into pandemic, MSMEs still hurting – ADB

Published by rudy Date posted on October 30, 2020

by Czeriza Valencia (The Philippine Star), 30 Oct 2020 MANILA, Philippines — Six months into the pandemic, almost half of the country’s micro, small and medium enterprises (MSMEs) still suffer from diminished revenues and capital shortage, according to an assessment of the Asian Development Bank (ADB).

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P4 billion loans ready for MSEs giving 13th month pay

Published by rudy Date posted on October 21, 2020

by Mayen Jaymalin (The Philippine Star), 21 Oct 2020 MANILA, Philippines — The Department of Trade and Industry (DTI) has offered to provide P4 billion worth of soft loans for micro and small enterprises or MSEs for the 13th month pay of employees, the Department of Labor and Employment (DOLE) reported yesterday.

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MSMEs in tourism get access to interest, collateral-free loans

Published by rudy Date posted on October 14, 2020

by Catherine Talavera (The Philippine Star), 14 Oct 2020 MANILA, Philippines — The Department of Tourism (DOT) and the Small Business Corp. (SB Corp) have rolled out a loan assistance program for micro, small and medium enterprises (MSMEs) in the tourism industry.

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Nonessential retailers seek go-ahead to sell online

Published by rudy Date posted on May 9, 2020

By: Roy Stephen C. Canivel, Philippine Daily Inquirer, 9 May 2020 Micro, small, and medium-sized enterprises are in need of money to make ends meet during the crisis and many might not survive another extended lockdown without going back to work, a business group said.

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The program aims to increase availability of credit from the banking sector and encourage more banks to lend to MSMEs affected by the COVID-19 pandemic.

Published by rudy Date posted on May 8, 2020

The program aims to increase availability of credit from the banking sector and encourage more banks to lend to MSMEs affected by the COVID-19 pandemic.#COVID19PH#LagingHandaPH#WeHealAsOne pic.twitter.com/11exHG6bDL — Phil News Agency (@pnagovph) May 8, 2020

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DTI: Over half of MSMEs in PH fully stopped operations due to virus outbreak

Published by rudy Date posted on May 1, 2020

by Neil Arwin Mercado, Philippine Daily Inquirer, 1 May 2020 MANILA, Philippines — More than half of the country’s micro, small and medium enterprises (MSMEs) in the country had to stop their operations due to the COVID-19 pandemic, the Department of Trade and Industry (DTI) reported Friday.

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Where’s the money?

Published by rudy Date posted on April 24, 2020

Read more here.

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P50-B pay subsidy approved for middle-income workers

Published by rudy Date posted on April 15, 2020

by Julie M. Aurelio, Philippine Daily Inquirer, 15 Apr 2020 MANILA, Philippines — President Rodrigo Duterte approved a P50.8-billion wage subsidy program for workers at micro, small and medium enterprises (MSMEs) on Monday after he expressed reservations about a Senate proposal to include more than 5 million families in the government’s social amelioration program.

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Duterte approves P50.8 B wage subsidy for 3.4 million MSME workers

Published by rudy Date posted on April 14, 2020

by Darryl John Esguerra, Philippine Daily Inquirer, 14 Apr 2020 MANILA, Philippines — President Rodrigo Duterte has approved the roll out of the P50.8-billion wage subsidy program for micro, small and medium enterpirse (MSME) workers affected by the coronavirus disease 2019 (COVID-19) crisis.

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Small businesses, big economic impact

Published by rudy Date posted on January 17, 2020

By: Linda B. Bolido, Philippine Daily Inquirer, 17 Jan 2020 Zubuchon has successfully ventured out of Cebu through SM malls. Big businesses may get all the attention but based on government statistics, the real backbone of the Philippine economy are almost a million enterprises ranging from micro to medium.

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Keeping local SME-BPOs globally competitive

Published by rudy Date posted on January 8, 2020

By BusinessMirror, 8 Jan 2020 Miguel Warren, Payoneer’s VP for Southeast Asia & Pakistan and general manager for Hong Kong, leads off the event as he talks about how the company allows freelancers, entrepreneurs and MSMEs to scale their businesses globally at a cost-effective price and a commendable customer experience. The business-process outsourcing sector is…

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SMEs paying 30% tax while big firms pay close to nil, DOF says

Published by rudy Date posted on January 20, 2018

SMEs paying 30% tax while big firms pay close to nil, DOF says This is a huge issue which the government wants to correct. Too many laws providing tax incentives and benefits to companies have essentially exempted big corporations from paying taxes, while the small fry suffer with the whopping 30 percent duty, the Department…

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Retail liberalization to hurt MSMEs

Published by rudy Date posted on October 4, 2017

by Roy Stephen C. Canivel, Inquirer, Oct 4, 2017 The move to liberalize retail trade in favor of foreign investors would harm local micro, small- and medium-sized enterprises (MSMEs), reversing “the gains of the past years” at a time when the government promised to put MSMEs at the forefront of development, an industry group said.

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‘Restrictive labor laws underming MSMEs’

Published by rudy Date posted on April 17, 2017

BY RAADEE S. SAUSA, TMT, Manila Times, Apr 17, 2017 RESTRICTIVE labor market laws prevent micro, small and medium enterprises (MSMEs) from flourishing despite the various fiscal incentive programs the government provides for MSME development, according to a new study by a government think tank.

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New NTUC scheme offers more benefits to SME staff

Published by rudy Date posted on April 11, 2017

BY KENNETH CHENG, kennethcjw@mediacorp.com.sg, Apr 11, 2017 SINGAPORE — Employees of small and medium enterprises (SMEs) can now enjoy the same suite of welfare benefits available to union members — except for workplace protection — after the labour movement rolled out a new scheme yesterday to raise the well-being of SME workers.

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Seven M’s for small firms

Published by rudy Date posted on November 29, 2016

By: Cielito F. Habito, Philippine Daily Inquirer, Nov 29, 2016 Remember the three M’s supposedly describing the ideal spouse—mabait (kind), mayaman (rich), and malapit nang mamatay (will die soon)? In our language, one can define any number of M’s to describe anything, as nearly all adjectives begin with “ma-” anyway. But Trade Secretary Ramon Lopez…

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MSME’s need not worry about Asean integration – DOST official

Published by rudy Date posted on July 28, 2014

MANILA, Philippines – The country’s micro, small and medium enterprises (MSMEs) are ready for the competition with their ASEAN (Association of South East Asian Nations) counterparts when ASEAN Economic Integration kicks in next year, 2015.

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Is small still beautiful?

Published by rudy Date posted on July 26, 2013

Small and medium-sized enterprises (SMEs) play a key role in job creation, providing two thirds of all formal jobs in developing countries and up to 80 per cent in low income countries.

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Philippine SMEs not ready for Asean economic integration by 2015 — PIDS study

Published by rudy Date posted on April 22, 2013

MANILA – Philippine small and medium enterprises (SMEs) will fall by the wayside once Asean economic integration comes into force by 2015, a state-run think tank said on Monday.

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DTI allots P21M to improve business environment for SMEs in Luzon, Mindanao

Published by rudy Date posted on October 11, 2012

The Department of Trade and Industry has earmarked a total of P21 million—P8 million in 2012 and P13 million in 2013—for its Local and Regional Economic Development program to promote competitiveness in local government units in Luzon and Mindanao.

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SMEs for inclusive growth

Published by rudy Date posted on September 20, 2011

No one else among our Southeast Asian neighbors saw poverty worsen in the last 10 years the way we did in the Philippines, in the face of record economic growth at that. Ours is a classic case of growth that has failed to be “inclusive,” now the favored term to describe economic growth with widest…

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PNoy: PH to get $100M from ASEAN China Fund

Published by rudy Date posted on September 3, 2011

MANILA, Philippines – President Aquino has announced another big deal that made his state visit to China a success: “more than 10%” of the $1-billion ASEAN (Association of Southeast Asian Nations) China Fund.

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Small firms key in bid to integrate — Asean

Published by rudy Date posted on August 25, 2011

Economic officials within the Association of Southeast Asian Nations (Asean) cited the strategic role small and medium enterprises (SMEs) play in the region’s economic integration bid.

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DTI expects MSME push to generate jobs nationwide

Published by rudy Date posted on July 26, 2011

THE Department of Trade and Industry (DTI) on Monday said it aims to create more jobs in the countryside by strengthening micro, small and medium enterprises (MSMEs).

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