PRESIDENT Ferdinand Marcos Jr.’s State of the Nation Address on July 28 outlined a comprehensive agenda for empowering micro, small, and medium enterprises (MSMEs) as part of the government’s strategy to promote inclusive economic growth.
PRESIDENT Ferdinand Marcos Jr.’s State of the Nation Address on July 28 outlined a comprehensive agenda for empowering micro, small, and medium enterprises as part of the government’s strategy to promote inclusive economic growth. His emphasis on providing low-interest, collateral-free loans, free training, and capital for startups reflects the administration’s commitment to lifting millions of Filipinos out of poverty through entrepreneurship.
A major challenge for small businesses is limited market reach, which private enterprises can address by integrating MSME products into their supply chains. Retailers can allocate shelf space for local goods, while e-commerce platforms can provide exclusive opportunities for small businesses to showcase their products. These efforts not only boost MSME visibility and revenue but also promote Filipino innovation and align with the country’s economic goals.
The Private Sector Can Help Boost Msmes
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