Special Report by Franzel Daleon, Correspondent Micro, Small, and Medium Enterprises (MSMEs), the backbone of the Philippine economy, are showing remarkable resilience and adaptability, poised for significant growth thanks to a potent combination of digital transformation and the rise of fintech solutions. These enterprises, which comprise over 99.6% of all registered businesses in the country […]
The Department of Trade and Industry (DTI) is spearheading a groundbreaking initiative to support over 300,000 micro, small, and medium-sized enterprises (MSMEs) in the Philippines by helping them join e-commerce platforms. This move is part of the DTI’s broader effort to empower these businesses, allowing them to expand their customer base and enhance their competitiveness […]
The QCX: Quezon City Experience at Quezon Memorial Circle buzzed with excitement during the “Capacity Development for SMEs” event, a vital component of USAID’s SPEED (Strengthening Private Enterprises for the Digital Economy) initiative. UNAWA COO Atty. Gino Jacinto addressing queries from the audience Organized by StartUp Village, the event attracted members of the Philippine Chamber […]
by Jan Michael Carpo, Reporter President Ferdinand Marcos Jr. presided over a sectoral gathering at the Malacañang recently, where Department of Trade and Industry (DTI) Secretary Fred Pascual unveiled the 2023–2028 Micro, Small, and Medium Enterprises (MSME) Development Plan, a crucial stride toward fostering economic growth and innovation. In attendance were notable representatives from various […]
People living in a farming community in Misamis Occidental will now have a more secure way of boosting their farm produce and other livelihoods, thanks to the Land Bank of the Philippines (LANDBANK)’s new program that offers affordable loan offerings. Just recently, the state-run bank rolled out its “Bilis Ipon: Digital Financial Inclusion Caravan” in […]
The current sustainable finance framework focuses on capital markets and MSMEs normally get external finance from banks. However, bank-based financial systems work differently than market-based financial systems. Thus, to help boost investments into sustainability, micro, small and medium enterprises (MSMEs) – a crucial part of the economy – must play vital a role. In line with […]
After its year-long nationwide roadshow, the Securities and Exchange Commission (SEC) reported that it was able to successfully introduce the capital market as an accessible funding source for small businesses, thus generating millions in capital for hundreds of small businesses in the Philippines. IMAGE CREDIT: https://www.freepik.com/ According to the SEC, 1,584 companies have since registered […]
TikTok Philippines Inc. has recently partnered with PLDT Inc. and Smart Communications Inc. (Smart) through their eBiznovation Buy Local Bazaar Caravan to train micro-, small- and medium-sized enterprises (MSMEs) in the Visayas to use the Tiktok platform to reach new customers and grow their businesses online. The eBiznovation bazaar travelled to Borongan City in Eastern […]
Robinsons Bank Corp., owned by Gokongwei, has recently teamed up with PayMongo, a payment processing platform, to assist micro-, small and medium-sized businesses (MSMEs) in their digital payment requirements through creative and straightforward solutions. By providing simple and effective online transaction solutions, the alliance is hoping to completely transform the way micro-, small and medium-sized […]
Since MSMEs account for 99.5 percent of all businesses in the nation, Union Bank of the Philippines has announced recently that it plans to increase the amount of loans that it disburses to the sector by a substantial 30 percent in the coming year. At a recent media roundtable event, UnionBank’s head of business banking […]
