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PIA Press Release
2007/04/26

Commentary: Gov't strengthens micro small medium enterprises

by Bapa Bedu

Koronadal, South Cotabato (26 April) -- Micro, small, and medium enterprises constitute the volume of entrepreneurial undertaking in the country.

In this relation, the government is moving to address concerns raised by local micro, small and medium enterprises (MSMEs) in a recent survey released by the United Parcel Service (UPS) Asia Business Monitor, Presidential Management Staff Director General and Oversight Official for MSMEs Cerge Remonde said Monday.

In his weekly press briefing at Malacaņang's New Executive Building yesterday, Remonde said the survey highlighted concerns of some 100 respondents on government support for MSMEs, access to funds and capital transportation and infrastructure and supply chain efficiency.

"The assistance is mainly found in the Medium Term SME Development Plan," Remonde said, adding, "the forms of direct assistance maybe classified into the following: credit access and guarantees, product development and technology intervention, training and marketing support, advocacy, "among others.

"The plan is designed to help enterprises graduate to the next level of business, as well as upgrade productivity and value-added capabilities," he said.

Remonde added that under the Small and Medium Enterprises Development (SMED) Council, the government provided P91.35 billion worth of loans to entrepreneurs from 2004 to 2006 through the SME Unified Lending Opportunities for National Growth (SULONG).

"For 2007, the government will provide another P34 billion for loans to MSMEs through the SULONG," Remonde said.

The continuous help that the government is giving to MSMEs will no doubt produced more big enterprises in the future which will in turn help to produced more jobs in the countryside. (PIA 12) [top]

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