To assist micro, small and medium enterprises (MSME) in the transition towards a “better normal,” the Department of Trade and Industry (DTI) said it will spearhead the second National MSME Week 2021.
The virtual event starts today and seeks to be an avenue for the government to prepare MSME with the upcoming reimplementation of the stricter enhanced community quarantine (ECQ) on 6 August which will greatly affect businesses particularly those in the restaurant industry.
The MSME forum will be facilitated by the DTI and supported by its attached agency, the Philippine Trade and Training Center, themed as “Makabagong MSME, Bagong Pag-asa Laban sa Pandemya,” to underscore the need for both public and private sectors’ response to minimize the negative impact of the pandemic on MSME.
Enhance MSME viability
Amid the looming ECQ, the forum will inculcate to attendees the policies and initiatives put in place by the government to support and enhance MSME viability, resiliency and sustainability amid the world health crisis.
On the other hand, the DTI will also highlight the Duterte Administration’s accomplishments to enhance the welfare of MSME.
“This will be a great avenue to know one of the major legacies of the administration’s “Ramdam na Malasakit sa mga Maliliit na Kabuhayan,” the DTI said.
Aside from Trade Secretary Ramon Lopez, Presidential Adviser for Entrepreneurship Joey Concepcion will also provide a report of the private sector and will also be graced online by President Roa Rodrigo Duterte, and will give his message of support to Filipino MSME.
Comprehensive sectoral review
Topics expected to be highlighted in the forum are the Business Climate Report on Reducing Uncertainty and Restoring Business Confidence (2 August); Access to Finance Report on Innovative Digital Finance and Inclusion for Recovery on the 2nd day; Management and Labor Capacities Report on Innovation and Essential Skills for Post-Pandemic Recovery (Day 3); Technology and Innovation Report on Emerging Innovation Ecosystems in the Post-Pandemic Future (Day 4); and Access to Market Report on Facilitating MSME Digitalization and Integration in Global Markets on the last day of the forum.
The DTI said that one of President Duterte’s legacies is the provision of business opportunities to 92 percent Filipino MSME with substantial livelihood programs, and introducing them to digitization.
Aside from livelihood programs, DTI, through its lending arm Small Business Corporation, has provided micro-financing aid, especially those badly hit by the pandemic.