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...
The Washington-based World Bank has committed to lend the Philippines $350 million, or over ₱19 billion, for an upcoming Department of Agriculture (DA) project aimed at extending financing support to small agri-businesses. A July 11 project information document showed a project cost of $873...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
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...
The post-pandemic digital age is accelerating faster than ever, and it is reshaping how businesses operate and adapt. But as technology advances, businesses that fail to evolve risk becoming outdated more quickly than before. Spain’s IE University has studied the rising career trends, such as...
Manila-based Asialink Finance Corporation (AFC) has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co., Ltd. (Mega ICBC), a partnership aimed at expanding financing to the country’s micro, small, and medium enterprises (MSMEs). “With this additional...
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...
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...
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...
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...
