Tags: Entrepreneurship
By Nikka Garriga
PASAY CITY, METRO MANILA– A lawmaker is calling on concerned government agencies to further support micro, small and medium enterprises or MSMEs) in the country by expanding opportunities for them to showcase their products.
Senator Loren Legarda is encouraging the Department of Trade and Industry (DTI) to maximize the provision of the proposed MSME Law and merge it with the current mechanisms available in the government.
The MSME Law allows additional assistance to budding entrepreneurs by requiring lending institutions to increase their total loan portfolio from six to eight percent.
It also provides access to new technologies and regular entrepreneurship programs to ensure the growth and sustainability of MSMEs in the country.
With the much needed adequate support, Legarda sees huge potential for growth in the MSME industry while using the resources available in the country.
“It may seem very parochial and small but the MSME industry is a driver of our economy,” she said.
“We do not want to stand here five years from now and say that our neighbor countries had overtaken us because we did not give value and importance to the little opportunities that can turn into great achievements for our nation.”
Related Stories:
Loan program supports SME investments in sustainable energy
Don’t be afraid to invest, bank exec tells SMEs
German group eyes eco-friendly products by Cebu SMEs
Advertising Agribusiness Agriculture Airline Industry Aquaculture Automobiles Banking Car Accessories consumer elec Consumer Electronics Consumer Goods and Concerns Cooperatives Cottage Industries Death Entrepreneurship Filipinos Abroad Food Establishments Groceries and Shopping Centers Handicraft Handicrafts hardware Hardware Solutions Horticulture Internet Livelihood Programs Malls Mass Media and Communications Mobile Phone Industry OFWs Outsourcing Real Estate Software Solutions technology Technology Industry teleco Telecommunications Tourism Transportation Vermiculture Wholesale and Retail
WP Cumulus Flash tag cloud by Roy Tanck and Luke Morton requires Flash Player 9 or better.
|
|
|
|
|
|
|
|
