PRESIDENT Ferdinand “Bongbong” Marcos Jr. reaffirmed his commitment to streamlining business procedures to support the growth of micro, small and medium enterprises (MSMEs).
“Let me assure you that the government remains dedicated to [streamlining] existing processes and making it easier for businesses to thrive,” Marcos said during the ribbon cutting ceremony for the Small and Medium Enterprises (SME) Hub at Savya Financial Center in Taguig City on Friday.
“We will continue to initiate worthwhile programs to give our kababayans enough space and resources to maintain, start, and even restart their ventures,” he added.
Last week, the President said the government continues “to help in the ease of doing business in the country” by enhancing the digital infrastructure in order to streamline application processes, business permits, licenses, and other documentary requirements.
In his speech, Marcos called on MSMEs to avail of the government’s financial assistance and other facilities as well as initiatives put up with its partner institutions to maximize their growth.
In addition, Marcos said MSMEs should keep pace with the country’s digital transformation to ensure the continuity of business amid the COVID-19 pandemic and meet the growing demands of businesses and consumers.
Based on government data, MSMEs accounted for 99.5% of all business establishments in the country and provided over five million jobs as of 2021.
The new financial hub in Taguig will provide meaningful opportunities for MSMEs to create more jobs. (GMA News)
