Alyansa Para sa Bagong Pilipinas (ABP) senatorial hopefuls emphasized their commitment to bolstering aid for micro, small, and medium enterprises (MSMEs) during a recent campaign event in Iloilo. Recognizing the crucial role MSMEs play in the Philippine economy, the candidates outlined their plans to enhance support for the sector.
ILOILO—Alyansa Para sa Bagong Pilipinas (ABP) senatorial candidates pledged to strengthen support for micro, small, and medium enterprises (MSMEs), recognizing their vital role in the Philippine economy. Former senator Manny Pacquiao stressed the importance of assisting MSMEs for economic recovery, promising to secure additional funding for the sector. He noted that MSMEs make up 99% of businesses in the country, and their growth is crucial for national recovery. ACT CIS Rep.
Erwin Tulfo proposed expanding the Department of Social Welfare and Development’s (DSWD) Sustainable Livelihood Program (SLP), particularly for those in impoverished communities and the unemployed. He explained that the program requires beneficiaries to complete TESDA training before receiving DSWD funding, focusing on skills development for business ventures. Tulfo also highlighted the program’s support for cooperative formation, with successful community businesses eligible for additional funding after a few years. Former senator Panfilo “Ping” Lacson reinforced his colleagues’ stance. “If we do not help and strengthen our MSMEs, many will be affected,” he said as he pushed for improved access to funding through lending institutions. The candidates’ MSME agenda resonates particularly in Iloilo, which is primarily an agricultural economy with wholesale and retail trade, forestry, and fishing industries.
Smes MSME Support Philippine Economy Alyansa Para Sa Bagong Pilipinas ABP Senate Candidates
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