Small Business Corporation or SBCorp., the government’s micro financing arm, has released more than P2 billion or 20 percent yet of the P10 billion allocation under the Bayanihan to Recover as One Act or Bayanihan 2 for the micro small and medium enterprises (MSMEs) as of the first week of...
Trade and Industry Secretary Ramon M. Lopez yesterday warned of a second wave of retrenchments of workers if enterprises failed to sustain the reopening of their operations because of weak sales. Lopez said this as the Inter-Agency Task Force (IATF) approved resolution No. 95 reducing the age limit...
Go green, go local ! Sustainable living has evolved from being just a fad to a collective movement which some Filipinos have seriously embraced. For those who have included adapting to a zero-waste lifestyle in their list of new year’s resolutions, here’s a quick list of local products that can...
The country’s Micro, Small to Medium Enterprises (MSMEs) has always been described as the lifeblood of the country’s business landscape that largely supports and spurs economic development and helps generate wide-scale employment. As of May 2019, 99.56 percent of business...
The Department of Trade and Industry is consolidating a list of micro small and medium enterprises (MSMEs) that may also want to order COVID-19 vaccines. DTI Secretary Ramon M. Lopez said National Task Force Against COVID-19 Chief Implementer and Vaccine Czar Secretary Carlito Galvez Jr. has...
Trade and Industry Secretary Ramon M. Lopez has urged Filipinos to patronize local establishments and products for their events and gatherings this Christmas season to support micro, small and medium enterprises and prop up the overall recovery of the domestic economy. Lopez aired this appeal...
The Philippine Chamber of Commerce and Industry (PCCI), the country’s voice of business and mainly comprised of micro, small and medium enterprises (MSMEs), expects deeper GDP cuts of as much as negative 10 percent this year and 2-4 percent only in GDP growth in 2021, way below the GDP...
The Bangko Sentral ng Pilipinas (BSP) said it will limit the loans that banks can release to micro, small and medium enterprises (MSMEs) as part of alternative compliance with the reserve requirements (RR) to P300 billion, and P425 billion for large enterprises. As of the reserve week ending...
After several months into this pandemic struggle, the local economy has seen positive signs that the market is beginning to adapt. “As we started to ease up the situation or the restrictions, most of the Micro-, Small and Medum Enterprises (MSMEs) are already going back to their normal...
Trade and Industry Secretary Ramon M. Lopez has urged micro, small and medium enterprises (MSMEs) to avail of the P535 billion loanable funds allocated by the banking sector on top of the various financing schemes being extended by government financial institutions (GFIs). Lopez said the entire...
Philippine banks are not only strong but resilient enough to withstand the pandemic-hit financial market and to help prop up an economy in recession, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “While the impact is still unfolding, the good news is that the financial...
Trade and Industry Secretary Ramon M. Lopez has batted for the importance of inclusive growth of micro, small and medium enterprises (MSMEs), women business empowerment, and innovation as among the key economic drivers of all economies. The DTI Secretary together with...
