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Same terms will be applied for small-scale business owners that would like to borrow from the COVID-19 Assistance to Restart Enterprises (CARES) fund for the 13th month pay of their employees, Trade Secretary Ramon Lopez said. This is after Labor Secretary Silvestre Bello III bared that the Department of Trade and Industry (DTI) committed some […]
The pandemic has caught everybody unprepared, and this is an understatement. Truth be told, nobody can ever prepare for a global health crisis of this unexpected magnitude. Previous warnings were mostly dismissed or ignored as doomsday scenarios, and were rarely taken seriously enough by the powers that be. So, here we are now, living in […]
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 […]
To support micro and small businesses affected by the spread of the coronavirus disease 2019 (COVID-19) in the country, the Small Business Corporation (SBC) of the Department of Trade and Industry (DTI) is setting up a P1-billion Enterprise Rehabilitation Financing facility under the “Pondo sa Pagbabago at Pag-asenso” (COVID-19 P3-ERF). The loan facility will be […]
Senate Trade and Commerce Committee Chair Koko Pimentel III on Wednesday reiterated the need to institutionalize the government’s Pondo sa Pagbabago at Pag-asenso (P3) Program to permanently establish a viable alternative for small business owners that fall prey to “5-6” loan sharks who charge “unconscionable” interest rates. The senator from Mindanao said he understands why […]