As we’ve established earlier, MSMEs or micro, small, and medium enterprises comprise a vital role in the country’s economic growth. But with 26% of 1.5 million MSMEs shuttered by the pandemic and the Q2 2020 GDP decreasing by 16.5%, it’s crucial to support what accounts for 63% of the country’s …
Read More »How is the Philippines empowering MSMEs?
Micro, small, and medium enterprises or MSMEs play an all-important role in the Philippines’ economic development. As of 2018, MSMEs account for 35% of the Gross Domestic Product and 25% of the country’s total export revenue. A whopping 99.52% of all businesses here are MSMEs. MSMEs are responsible for 63.19% …
Read More »Explainer: Can foreigners own businesses in the Philippines?
Ever wondered why there’s an influx of expatriates and foreign workers in the country? Or why the e-commerce sector continues to grow here in the Philippines? The 11th Regular Foreign Investment Negative List may be a factor for the sudden increase in foreigners. 11th Regular Foreign Investment Negative List Signed …
Read More »How are we fighting against misinformation?
The pandemic has certainly affected every Filipino citizen at varying degrees. One of the government’s answers to the global health crisis was enacting the Republic Act 11469 or the Bayanihan to Heal as One Act. Under Section 6, it states that “individuals or groups creating, perpetrating, or spreading false information …
Read More »Car cleaning tips you must remember after ash fall
One of the year’s first weekends ended with the news of Taal Volcano’s eruption. Citizens were stunned as ash columns, lightning strikes, and finally lava spewed from its crater. Even Metro Manila was affected by light ash fall, bringing back memories of the eruption of Mt. Pinatubo back in 1991. …
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