DTI: MSMEs important for PH economic growth

THE Department of Trade and Industry (DTI) is doubling its efforts to help the country’s micro, small and medium enterprises (MSMEs), saying these provide jobs and help drive the Philippine economy.

Ac c o r d i n g to Zenaida for the Regional Operations - especially in the countryside. “MSMEs are substantial contributors to our country’s - Such enterprises account for 99.5 percent of established businesses and employ 62.8 percent of the country’s workforce.

They contribute substantially to the country’s manufacturing engines of economic growth and development.

To ensure MSMEs’ continued Council approved the MSME The plan envisions “more globally competitive MSMEs that - - drivers of inclusive Philippine The plan aims to improve the local business climate and access to and markets; and enhance management and labor capacities.

The department is currently Successful Entrepreneurship— - guide for MSME growth.

They teach aspiring entrepreneurs how to have the proper entrepreneurial mindset; help MSMEs master the know- how and how-tos of entrepreneurship; offer business guidance from DTI and the business sector; give them access to funding; help them have the right tools and equipment; provide access to markets; and suggest different business ideas.