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...
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...
