Empowering MSMEs: A path to economic resilience and growth

Quick Summary:

The Philippine Statistics Authority paints a clear picture: micro, small, and medium enterprises (MSMEs) are the lifeblood of the Philippine economy.They represent 99.5 percent of registered businesses, employ 62.4 percent of the workforce, and contribute significantly to the country’s GDP and exports.

This includes not only financial assistance but also training and resources that equip business owners with the skills needed to thrive in an increasingly digital marketplace.

Moreover, as the global economy evolves, the government should continue to adapt its support structures for MSMEs.

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Article Details

Author / Journalist: BusinessMirror Editorial

Category: BusinessStartups

Markets: Philippines

Topics: Editorial Opinion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-25 @ 16:03:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22248886

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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