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PIA Press Release

Gov't ups support for MSMEs

By Rachelle Nessia

Dumaguete City (27 April) -- Local micro, small and medium enterprises (MSMEs) in Negros Oriental can expect more support from the government after Malacaņang has stepped up moves to address the concerns raised by MSMEs in the country.

This after Malacaņang announced that the government will provide another P34 billion for loans to MSMEs through the SME Unified Lending Opportunities for National Growth (SULONG) this year.

In the province, there are a total of 12,558 MSMEs in the 25 towns and cities here based on records released by the local Department of Trade and Industry.

Of the total, 38 are classified as medium enterprises, 12,390 are micro enterprises and 130 are small enterprises.

Dumaguete City holds the highest number of MSMEs with 28 medium, 5,836 micro and 90 small enterprises, followed by Sibulan with one medium, 864 micro and five small enterprises.

Bayawan City comes next with two medium, 629 micro and nine small enterprises.

Concerns of local MSMEs in the country were recently highlighted in a survey released by the United Parcel Service (UPS) Asia Business Monitor, the results of which cited government support, access to funds and capital, transportation and infrastructure and supply chain efficiency.

But long before the survey was conducted, the government had already thrown its full support for the establishment and propagation of MSMEs and had even implemented a host of initiatives ranging from direct assistance to indirect interventions, said Presidential Management Staff Director General and Oversight Official for MSMEs Cerge Remonde in a recent press briefing in Malacaņang.

Under the Small and Medium Enterprises Development (SMED) Council, the government has provided P91.35 billion worth of loans to entrepreneurs from 2004 to 2006 through SULONG.

Another P34 billion is set to be released as loans for the propagation of the MSMEs in the country this year.

Remonde said the President had directed al government agencies and instrumentalities to simplify the rules and regulations and basically cut the red tape to facilitate ease in doing business in the country, thereby encouraging more investors to put up business here. (PIA) [top]

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