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Government must look for more resources to be able to support local micro, small, and medium-sized enterprises during the coronavirus disease (COVID-19) pandemic as MSMEs create jobs, Senator Kiko Pangilinan said. “The current amounts allocated to help 50,000 of the estimated 2 million to 3 million MSMEs is a drop in the bucket. Kulang na […]
Senate Majority Leader Migz Zubiri championed the micro, small, and medium enterprises (MSMEs), tourism, and cooperative sectors during the bicameral conference committee meetings for the Bayanihan to Recover as One Act, or Bayanihan 2. Bayanihan 2 seeks to provide an economic stimulus package that will allow businesses to recover from financial losses incurred during the […]
Gearing up towards the “new normal,” the Department of Trade and Industry (DTI), in partnership with Go Negosyo, successfully held the first-ever graduation of 45 micro, small, and medium entrepreneurs (MSMEs) across the regions, after completing the online business courses offered by the department’s Kapatid Mentor Micro-Enterprise (KMME). KMME Online was developed as the practical […]
Senator Sonny Angara called on the Department of Trade and Industry (DTI) to step up efforts to help micro, small and medium enterprises (MSMEs) find online markets to sell their wares amid the coronavirus disease (COVID-19) pandemic. Angara said that as a result of the community quarantines imposed across the country, many MSMEs, including those […]
Senator Koko Pimentel III is appealing to commercial lessors to reduce by up to 50 percent the rental rates of all bona fide micro, small and medium enterprises (MSMEs) as a way to stimulate the country’s economic recovery. This came after both government and private sectors step up measures to help alleviate the effects of […]
Fresh funding must be infused into emergency employment programs of the Department of Labor and Employment (DOLE) to stem the impact of mass layoffs, which have already started in the micro, small, and medium enterprises (MSME), according to Senator Joel Villanueva. Despite the initial difficulties in the implementation of the programs, the DOLE has shown […]
Providing wage subsidy for workers in the micro, small and medium enterprises (MSME) sector will allow the restart of the country’s economy faster and smoother as workers are kept in their homes during the quarantine, said Senator Joel Villanueva. In a statement, Villanueva expressed gratitude to the government for considering his proposal to provide a […]
House Minority Leader Benny Abante Jr. on Monday joined calls for government measures to aid the middle class, particular micro, small, and medium-sized enterprises (MSMEs) that have been adversely affected by the COVID-19 outbreak. Abante pointed out that the government would have to find ways to extend financial assistance not just to underprivileged families, but […]
The Department of Trade and Industry (DTI) has recently released Memorandum Circular (MC) No. 20-12, Series of 2020 granting a 30-day grace period for the payment of residential and commercial rents with due dates within the the Enhanced Community Quarantine (ECQ) period. “To provide economic relief to Filipinos and MSMEs during the COVID-19 public health emergency, DTI […]
Senator Joel Villanueva is calling on the government to also provide assistance to micro, small and medium enterprises (MSMEs), which he said are also suffering from the effectis of the coronavirus pandemic. In a statement, Villanueva expressed concern on the ability of the sector to keep their workers employee during the pandemic. “Just as we […]