The Department of Finance (DOF) said the newly formed committee tasked to streamline trade processes and modernize major customs operations will be beneficial to micro, small and medium enterprises (MSMEs). Finance Secretary Carlos G. Dominguez III said the Philippine Trade Facilitation Committee...
The central bank said banks have released an average of P174.9 billion new loans to micro, small and medium enterprises (MSMEs) as of mid-April as alternative compliance to the reserve requirement (RR) rule. Based on Bangko Sentral ng Pilipinas (BSP) data, this amount is 12 percent of total...
A micro fruit processing enterprise in Agusan del Norte has been granted tax and fiscal incentives by the Board of Investments. With a modest project cost of P1.46 million, KOR-Palm Agricultural Development Philippines Corporation (KADC) has established a fruit processing plant with a maximum...
Senator Risa Hontiveros has warned lawmakers that eliminating all restrictions to foreign ownership of the country’s domestic retail trade would not be a wise option, especially amid an economic crisis due to the coronavirus (COVID-19) pandemic. Hontiveros said Senate Bill No. 1840 or the...
An estimated P6.93 billion of micro, small and medium enterprise (MSME) loans under the Credit Surety Fund (CSF) have been released as of end-December 2020, according to a central bank CSF survey. BSP Governor Benjamin E. Diokno (Credit: BSP photo) Bangko Sentral ng Pilipinas (BSP) Governor...
The National Wages and Productivity Commission (NWPC) and its Regional Tripartite Wages and Productivity Boards (RTWPBs) have officially opened the call for entries to the 2021 Productivity Olympics in the new normal. NWPC Executive Director Maria Criselda Sy (Screengrab from Zoom meeting) But what...
The government should exhaust all means to assist small businesses that have been affected by the novel coronavirus disease (COVID-19) pandemic to prevent further job losses, Senator Sherwin Gatchalian said on Saturday, May 1. Senator Sherwin Gatchalian Gatchalian issued the appeal as the country...
The Bangko Sentral ng Pilipinas (BSP) is conducting a gender-focused demand-side survey on the micro, small and medium enterprises (MSME) sector in aid of appropriate policies that will benefit and cater to women who run MSMEs. The survey, to be released in the fourth quarter this year, intends to...
Loan guarantees for micro, small and medium enterprises (MSMEs) accelerated in the first two-months of the year due to improved processing and evaluation parameters, the state-run Philippine Guarantee Corp. (PhilGuarantee) said. Alberto Pascual, PhilGuarantee president and chief executive...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
To comply with the reserve requirement, banks have released P14.9 billion more loans to micro, small and medium enterprises (MSME) for the month of September alone, based on Bangko Sentral ng Pilipinas (BSP) data. MB file photo. This brings the average daily balance of bank loans to MSMEs to P120.9...
