Financing remains MSMEs’ stumbleblock
It is possible, however, that while microbusinesses had not developed on paper their business continuity plans, several may have already resorted to concrete actions by going digital and selling diversified products online.
Graph courtesy of Philippine Statistics Authority In 2022, the Philippine Statistics Authority recorded a total of 1,109,684 business enterprises. Of these, 1,105,143 are MSMEs and 4,541 are large enterprises. Micro enterprises constitute 90.49 percent of total establishments, followed by small enterprises at 8.69 percent and medium enterprises at 0.4 percent.
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