The Department of Trade and Industry (DTI) is partnering with logistics giant DHL Group to strengthen the export readiness of the country’s micro, small, and medium enterprises (MSMEs). The DTI said it has signed a memorandum of understanding (MOU) with DHL on Sept. 10 to outline the logistics...
The Washington-based World Bank has committed to lend the Philippines $350 million, or over ₱19 billion, for an upcoming Department of Agriculture (DA) project aimed at extending financing support to small agri-businesses. A July 11 project information document showed a project cost of $873...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
Women-led micro, small, and medium enterprises (WMSMEs) are now eligible to avail of loans of up to ₱20 million following the official launch of the Women’s Enterprise Fund. In a statement, the Department of Trade and Industry (DTI) said the loan program launched on Friday, June 27, setting the...
The post-pandemic digital age is accelerating faster than ever, and it is reshaping how businesses operate and adapt. But as technology advances, businesses that fail to evolve risk becoming outdated more quickly than before. Spain’s IE University has studied the rising career trends, such as...
Manila-based Asialink Finance Corporation (AFC) has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co., Ltd. (Mega ICBC), a partnership aimed at expanding financing to the country’s micro, small, and medium enterprises (MSMEs). “With this additional...
The Philippines and South Korea signed an agreement to accelerate cooperation in trade and energy in pursuit of driving industrial transformation, according to the Department of Trade and Industry (DTI). In a statement on Thursday, May 15, DTI Secretary Cristina Roque said she signed a memorandum...
Senator Cynthia Villar highlighted the importance of strengthening the local food industry, supporting farmers, and ensuring food security as she joined the 17th Philippine Food Expo. The event was hosted by the Philippine Food Processors and Exporters Organization (PhilFoodEx) and Spencer Food...
Micro, small and medium enterprises (MSMEs) continue to expand in fast-growing Philippines, getting a boost from booming electronic commerce, according to the Asian Development Bank (ADB). However, MSMEs in the country remain hampered by limited access to financing, partly as banks avoid bad loans...
The International Finance Corporation (IFC) has invested $7 million in fintech firm First Circle to expand digital financial services for small and medium-sized enterprises (SMEs) in the Philippines. The IFC board approved the project on June 13, signed on June 28, and invested the...
Senate President Francis "Chiz" Escudero says it's about time to waive service fees on certain electronic fund transfers, as these are long overdue. Escudero had this to say as he backed Bangko Sentral ng Pilipinas' (BSP) move to remove such charges for personal transactions and payments to micro,...
Go Negosyo founder Joey Concepcion believes that the Philippines’ fast-rising digital economy offers significant opportunities for micro, small, and medium-sized enterprises (MSMEs). Concepcion highlighted how digital technology has leveled the playing field for MSMEs, providing them with access...
