Lacson says MSMEs must be revived to address unemployment

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Lacson says MSMEs must be revived to address unemployment
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Independent presidential bet Senator Panfilo “Ping” Lacson said that the government should prioritize the revitalization of MSMEs, especially those ravaged by the pandemic-induced lockdowns, to address the problem of unemployment.

MANILA, Philippines — Independent presidential candidate Senator Panfilo “Ping” Lacson said Friday that the government should prioritize the revitalization of micro, small, and medium enterprises , especially those ravaged by the pandemic-induced lockdowns, to address the problem of unemployment., with 3.13 million unemployed for the month.Lacson, who noted that MSMEs account for 99.5 percent of enterprises in the Philippines and 63.

“We should revitalize our MSMEs. They are the biggest supplier of labor. They were badly affected by the lockdowns, so they should be the first to be revived,” he said in Filipino, in an interview in Bogo, Cebu, on Thursday.

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