THE government’s financing program for micro, small and medium enterprises (MSMEs) is expected to receive more funding next year, Trade Secretary Ramon M. Lopez said, making available up to P2 billion as a direct alternative to usurious “5-6” usurious lending schemes.
THE Department of Trade and Industry (DTI) is targeting a budget of P6 billion for 2017, nearly double the agency’s budget for this year, citing the department’s planned increased support for programs benefiting micro, small and medium enterprises (MSMEs).
MANILA, Philippines – In a country where the population continuously grows at a fast pace, the need to come up with more jobs is always a concern for the government. For neophyte Senator Paolo Benigno Aquino IV, the key to providing new jobs for the people is to develop one particular sector of the economy that could have a huge impact on improving the lives of many Filipinos. Following through on his advocacy to promote small businesses as a viable solution to poverty in the country, Aquino has steered what was dubbed as the Go Negosyo bill on its way to its approval on second reading in the Senate. Aquino, the chairman of the Senate Committee on Trade, Commerce and Entrepreneurship, has sponsored Senate Bill 2046, which consolidates the bill that he filed with the related bills filed by Senators Sergio Osmeña III, Miriam Defensor Santiago, Jinggoy Estrada, and Senate President Pro Tempore Ralph Recto. In his sponsorship speech, Aquino said that the Go Negosyo bill was crafted to “help our countrymen out of poverty and towards a path to prosperity.” According to Aquino, the bill was also a response to the challenge made to the administration to make the much-touted growth of the economy more meaningful to the masses by making it more inclusive. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Aquino noted that micro, small and medium enterprises (MSME) play a key role in addressing poverty for a significant number of Filipinos, considering that the sector Read More …
MANILA, Philippines – Various sectors of the widely diversified and highly profitable fuel industry are moving with the tide of successful franchised businesses by opening up to new investors via franchising or dealerships. These lucrative investment opportunities will be showcased at the fuel industry’s own Petro and Energy Pavilion occupying an entire hall of the SMX Convention Center as part of the Franchise Asia Philippines 2013 Expo, which will be held on July 19 to 21. The pavilion will serve as a one-stop shop for all investment activities in any of the numerous fuel and energy-related businesses to be exhibited during the expo’s three-day run. Among such businesses are petro filling stations, equipment and related products, renewable energy sources, fuel conservation devices, auto care services, and many other technologies and innovative systems that constitute the ever-growing energy supply and value chain, including retail spaces for franchised food and non-food consumer outlets catering to motorists. This sector of the economy enjoys a stable and consistently rising market demand since it is centered on energy that powers industries, vehicles and households all the way to the kitchen, practically driving infrastructure development nationwide for the transport of goods and people by land, sea and air. The petro pavilion is part of one-stop shop international franchise expo that will feature international and homegrown successful franchise brands in the food, retail, and service sectors providing investment opportunities at all levels, from micro to large. Special areas are also dedicated for budding business at the expo’s Read More …