Tag Archives: SME

The Philippines Statistics Authority recently reported a lower unemployment rate for July vs the high 17.7% recorded last April. As the country slowly recovers, the third quarter saw a restoration of 7.5 million jobs, with many Filipinos choosing to start their own business.  Without a doubt, it is difficult to …

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% …