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PIA Press Release

Antique SMED council projects more jobs sustained by SMEs in 2010

by PS Mabaquiao

San Jose, Antique (23 October) -- The Provincial Small and Medium Enterprises Development Council (SMED) expects more jobs sustained by small and medium enterprises as it develops its capacities and avail of financing assistance from the government, said Engr. Wilhelm Malones, Provincial Director of DTI.

Antique's SMED Plan further anticipated more than one thousand SMEs from 2007-2010 creating about 2, 000 new jobs per year, according Florentino Siladan, of the Department of Agrarian Reform. SMEs are potent force in the growth of Philippine economy and recognized as significant contributors to national development.

Among the indicators stipulated in the harmonized Provincial SMED Plan are increasing registration of businesses in the province, government financial institutions allocated financial assistance to SMEs and cooperatives, increase in sales of SMEs including growth in exports and efficiency and productivity levels has increased by more than 50%.

Meanwhile, President Gloria Macapagal Arroyo's agenda of governance spelled out major policies and programs to fight poverty. This agenda included the creation of 6 to 10 million jobs in six years through increased lending to micro, small and medium enterprises, expansion of key industry sub-sectors and development of the two million hectares of agribusiness land.

As of 2003, the number of business establishments reached 810,362 of which SMEs comprised 99% (807,121) while large establishments accounted only for less than one half percent (3,241). The SMEs employed some 70% of total workforce, and contributed about 1/3 of aggregate value added.

The national vision for the SME development plan for 2004-2010 is to create globally competitive SMEs in the new industrial economic environment. The envisioned breed of dynamic SMEs shall propel the nation into the world business sphere. These priority SMEs shall also showcase the country as a people, its richness in resources, as well as the boundless possibilities available to create and offer products and services to seamless global markets. (PIA) [top]

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