The government has announced that it has already released P11.8 billion worth of loans to the country's micro-, small- and medium-size enterprises (SMEs) in the first half of the year under its national lending programme.
Some P10 billion will be lent in wholesale and retail lending to small- and medium-size enterprises (SMEs) during the second half of 2003.
The P10 billion (US$188 million) financial credit assistance made available by the government for small- to medium-size enterprises (SMEs) expires on June 30, but only 20 registrants from the Davao region have applied so far.
The government has released P5.54 billion in loans to more than 16,000 small- and medium-scale enterprises (SMEs) in the first four months of a programme aimed at making credit more accessible to this sector, the Department of Trade and Industry s
The Department of Finance and the Bureau of Internal Revenue ended years of suspense and imposed value-added tax on banks as provided under Revenue Regulations (RR) No. 12-2003 last March 10.
A Japanese consultant said SMEs in the region need robust financing and adequate marketing assistance to attain sustainability in entrepreneurship. Mr.
President Gloria Macapagal-Arroyo will ask Washington for US$95 million in technical and financial assistance to boost the growth of local small- and medium-size enterprises, said Trade and Industry Secretary Manuel A. Roxas II.
The Philippine Exporters Confederation (Philexport) will sign agreements this week with three separate entities aimed at helping develop small- and medium-size enterprises (SMEs).
The ADB expects the Philippine economy to grow 4 per cent this year and 4.5 per cent next year, citing an improved export performance and an increase in domestic consumption as key factors.
The state-owned Development Bank of the Philippines (DBP) has set aside an initial P5 billion for its factoring facility as part of its strategic support for the small- and medium-size enterprise (SME) sector.
