MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. stressed Friday that revitalizing the micro, small, and medium enterprises (MSMEs) sector is among his administration’s top priorities.
Marcos made the remark as he attended the opening of the MSME Summit 2022 at the Manila Hotel organized by Go Negosyo.
“As your President, I assure you that the revitalization of our MSMEs is among the administration’s top priorities,” Marcos said in his speech.
“I reiterate the government’s full commitment to work hand in hand with all stakeholders to make certain that MSMEs are protected and provided with ample opportunities not only to recovery from these extraordinary times but to grow and thrive in this modern age,” the President added.
Marcos said MSMEs are part of the “backbone of our economy” as the sector generates more than half of the country’s employment.
“This is why it is fully recognized that this sector’s critical role in our country’s economic regeneration, job creation, and poverty reduction is critical,” Marcos said.
Further, Marcos said the government will “harness the strengths of various sectors” to ensure a more cohesive government approach to creating a “more sustainable environment for our MSMEs and all our important stakeholders.”
“Ladies and gentlemen and all our beloved MSMEs, I once again give my utmost assurance and commitment that your government is here to help you level up and succeed, especially during these difficult times,” Marcos said.
“Now is a time to come up with these pandemic-proof strategies that will allow our businesses to take wing and serve [their] consumer base with quality products and services. Indeed, the success of our MSMEs is crucial to fortify the foundation of our economy,” he added.
RELATED STORIES:
Marcos to push for PHLPost modernization to cater to MSMEs
Marcos Jr. says pandemic-hit MSMEs must be given tax amnesty, tax holiday