State-run Small Business Corp. (SBCorp) has unveiled a special loan facility to provide financial assistance to micro, small, and medium enterprises (MSMEs) affected by Typhoon Carina. In a statement on Thursday, Aug. 29, SBCorp, the financing arm of the Department of Trade and Industry, announced...
SM Supermalls and the Department of Trade and Industry (DTI) have joined forces to create a beacon of hope for Micro-, Small, and Medium Enterprises (MSMEs) affected by Typhoon Carina. The DTI-SM MSME Calamity Recovery Care Center offers a comprehensive suite of services designed to help businesses...
Small and medium enterprises (SMEs) represent an important part of the Philippine economy. However, official records lump SMEs and bundle it with micro enterprises. The Philippine SME law is known as the Magna Carta for Micro, Small and Medium Enterprises. While this considers the numbers in the...
The Department of Trade and Industry (DTI) and P.J. Lhuillier Inc. (PJLI) have signed a memorandum of understanding (MOU) allowing micro, small and medium enterprises (MSMEs) to transact through a web portal at Cebuana Lhuillier outlets to further promote ease of doing business and digitalization...
USAID, the principal US government agency to extend assistance to countries, launched a P1 billion digitalization program that aims to digitally transform 30,000 small micro and medium enterprises (MSMEs) over a five-year period. US Ambassador to the Philippines MaryKay Carlson announced the $18...
BETTER DAYS Senator Sonny Angara In preparation for the 19th Congress, my office recently convened a consultative meeting focused on micro, small, and medium enterprises (MSMEs) in line with our Tatak Pinoy advocacy. The roundtable discussion was headlined by former Presidential Adviser for...
State-owned Philippine Guarantee Corp. (PHILGUARANTEE) posted record financing assistance to micro, small and medium enterprises (MSMEs) during the prolonged pandemic. Based on a report to the Department of Finance released on Monday, April 4, PHILGUARANTEE said its credit guarantee facilities to...
As 90 percent of employment comes from micro, small and medium enterprises (MSMEs), vice-presidential aspirant Senator Francis "Kiko" Pangilinan said he will push for a P100-billion stimulus fund for the country's millions of small entrepreneurs. Senator Francis 'Kiko' Pangilinan (Photo courtesy of...
The Muntinlupa City government has granted zero-interest loan assistance to 200 micro, small, and medium enterprises (MSMEs) in the city to help them revive their businesses that have been hit by the COVID-19 pandemic. Mayor Jaime Fresnedi led a ceremonial turn-over ceremony of the loan assistance...
Senatorial aspirant and Sorsogon Governor Francis “Chiz” Escudero on Monday urged banks to ensure that 10 percent of their loan portfolio goes to micro, small and medium enterprises (MSMEs) financing. Escudero, who used to head the Senate committees on finance, and banks and financial...
The Department of Finance (DOF) has set in motion the full implementation of the Personal Property Security Act (PPSA) with its recent issuance of the rates for the fees on the use of the electronic registry mandated to be established under the law. Republic Act (RA) No. 11057 or the PPSA aims to...
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...
