A purchase may seem trivial, but the collective effort to patronize local products spurs patriotism and love of country. Fortunately, some Filipino MSME owners are seeing an optimistic trend, with more local consumers looking to buy their products. Majority of local MSMEs in the country are also...
The global pandemic has significantly changed the way retailers promote and sell their products. With more Filipinos using digital platforms and transitioning to cashless transactions, businesses need to quickly adapt in order to gain and maintain customer loyalty. As the Philippine...
Secretary Ramon M. Lopez Department of Trade and Industry We should never think small when we talk about micro, small, medium enterprises (MSMEs). The implementation of stricter health lockdowns in the first quarter of 2020 to prevent the spread of COVID-19 had severely affected businesses,...
The “Go Lokal!” program of the Duterte administration since 2016 has brought over a thousand micro, small and medium enterprises (MSMEs) into the mainstream markets. Trade and Industry Secretary Ramon M. Lopez said that through the “Go Lokal” program, 275 MSMEs were given the...
The Philippine Guarantee Corp. (PhilGuarantee) has extended P180.67 billion only in loan guarantees in 2020 as against the P655 billion credit guarantee lines opened for businesses as economic activities substantially slowed down during the pandemic year. In a report to Finance Secretary Carlos...
True to its mandate of assisting micro, small, and medium-sized enterprises (MSMEs) in the Philippines to stand on their own and find their niche in the local and international markets, the Department of Trade and Industry has been at the forefront of bolsteringthe growth of Filipino MSMEs by...
The COVID-19 global pandemic is sorely testing our people's resolve to create a better life for themselves. SECRETARY RAMON LOPEZ Department of Trade and Industry (Photo by Mr Mark Ches Ang) This isn't surprising as the pandemic has shaken even the world’s strongest economies. That's why we at...
Employers believe that granting the proposed P100 daily wage hike will hurt even more the micro, small and medium enterprises (MSMEs), which are struggling to survive amid the coronavirus pandemic, and can result in further rise in unemployment. "The P100 wage increase was requested for a...
The national government has infused new capital to the Development Bank of the Philippines (DBP) to provide additional buffer for the state-lender’s coronavirus response programs. In a statement, Finance Secretary Carlos G. Dominguez III said the government has recently released P12.5 billion in...
Amid an apparent take up of the government micro financing facility, Trade and Industry Secretary Ramon M. Lopez has reiterated his call to all micro small and medium (MSMEs) that wish to restart or to strengthen their business operations to avail of the Bayanihan CARES lending fund....
42% laid off workers Majority or 90.9 percent of companies are just operating at certain capacity while 42.4 percent have laid off employees either temporarily or permanently, according to a survey conducted by the Philippine Exporters Confederation Inc. (PhilExport). The PhilExport Survey on the...
Putting up a business is not an easy feat but these young Filipino entrepreneurs continue to overcome the many challenges of a business along with what this year has to offer. What drives them is the synergy of business and purpose: to promote local products. Learn more about their stories below....
