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Manila Bulletin devider Business devider Trade & Industry devider DTI financial fair to empower MSMEs to go global

DTI financial fair to empower MSMEs to go global

Published Oct 23, 2023 05:14 am

The Philippine Trade Training Center - Global MSME Academy (PTTC-GMEA), an attached agency of the Department of Trade and Industry (DTI), in collaboration with the Monetary Authority of Singapore (MAS) and tech firm Proxtera, is set to hold the Financial Fitness Fair 2023 this week to help micro, small, and medium enterprises (MSMEs) explore the global marketplace.

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This hybrid event, scheduled for Oct. 24 to 25, aims to create a nurturing environment that equips MSMEs with the vital knowledge, resources, and opportunities required to elevate their businesses to new heights and compete on a global scale.

The event is set to be attended by hundreds of online and onsite participants to be staged at the PTTC-GMEA building in Pasay City.

PTTC-GMEA Executive Director Nelly Nita N. Dillera expressed her enthusiasm for the event, stating that "the Financial Fitness Fair 2023 is a beacon of hope for MSMEs seeking to thrive in today's dynamic global economy.

“This collaborative effort between the PTTC-GMEA, the Monetary Authority of Singapore, and Proxtera is a testament to our commitment to empower MSMEs and provide them with the tools they need to succeed in a competitive world," she added.

The event features an array of offerings tailored to meet the unique requirements of MSMEs. For example, the main feature is the SME Financial Empowerment (SFE) Program where attendees will gain free access to foundational and global literacy courses, along with Green Financing courses, through the SFE platform.

In partnership with MAS, the International Finance Corporation (IFC), and the United Nations Development Programme (UNDP), this program aims to foster foundational digital literacy and a profound understanding of cross-border financial services crucial to the success of SMEs in the digital economy.

Launched in the Philippines in August last year, with unwavering support from the local business and fintech community, the program also boasts key partnerships with Globe Group, Esquire Financing, and UNOBank.

The SFE program encompasses several vital courses including: Foundational Financial Literacy; Global Financial Literacy; and Green Financing.

Another offered feature in the event is the global financial services where MSMEs will have the opportunity to access global financial services and receive valuable assistance.

The event will also offer business clinics to provide practical guidance and support to address the specific challenges and concerns of MSMEs.

Lastly, the event will open opportunities in the Singapore market for attendees to gain insights and pathways to explore and enter the dynamic Singaporean market.

PTTC-GMEA highlights the Financial Fitness Fair 2023 as a crucial milestone in empowering and nurturing MSMEs' growth, offering an unparalleled global stage opportunity.

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