The Asian Development Bank (ADB) has entered into a new partnership with Security Bank Corp. aimed at expanding access to supply-chain financing for small and medium enterprises (SMEs) in the Philippines. In a statement on Tuesday, May 12, the ADB said it signed a risk participation agreement (RPA)...
GCash for Business, the enterprise arm of the country’s dominant digital wallet, has entered into a partnership with global fintech platform Pine Labs to overhaul its merchant acquisition strategy and modernize payment infrastructure for small businesses. In a statement, Pine Labs said the...
Filipina entrepreneurs—many of them mothers—are powering the Philippine economy, owning 66% of existing businesses and 62 percent of newly registered enterprises. Yet despite this outsized contribution, many women-led MSMEs struggle to scale due to limited access to capital, gaps in digital...
The Department of Tourism (DOT) is harnessing Visa digital solutions to streamline payments, enhance visitor experiences, and empower small and medium enterprises (SMEs) across key tourist destinations. The initiative was formalized through a Memorandum of Understanding (MOU) signed by DOT...
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...
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...
Logistics provider 2GO said it is ready to assist businesses facing logistical challenges due to the rehabilitation of the San Juanico Bridge and other crucial infrastructure. In a statement, 2GO, an end-to-end logistics solutions provider, said it is leveraging its extensive Roll-on/Roll-off...
Digital payments giant Visa plans to forge two more partnerships with traditional banks this year—adding to its newly launched collaboration with CIMB Bank Philippines—to help bridge the multi-billion-dollar funding gap for small and medium-sized enterprises (SMEs). “I’m hoping by the end...
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...
Local furniture manufacturers are seeking immediate government intervention to safeguard the industry from the impact of the 17-percent tariffs imposed by the United States on Philippine goods, citing the risk of potential factory closures and job losses. In a position paper addressed to the...
The United States has extended a total of $18 million (P1-billion) worth of partnership assistance to the Philippines for the span of five years to help the country's small and medium enterprises (SMEs) transition to mature in the e-commerce industry. Through the US Agency for International...
Small to Medium Enterprise Seminar on January 2023 Small to Medium Enterprise nowadays are putting much importance on developing leaders, calibration and changes on ways how to value employees because people in the business do matter. Businesses thrive and succeed because of the people that works...
