P40bn available to grow SME businesses

Small- and medium-sized enterprises (SMEs) make up an overwhelming 99.6 per cent of all firms in the Philippines. They provide 70 per cent of all jobs and in foreign trade they are critical, accounting for about 60 per cent of all exporters.

Government allocates P30bn for SMEs

Malacanang is planning to grant P1 million for each town in the Philippines as part of its P30 billion lending program to micro businesses and small- and medium-enterprises (SMEs).

DTI to relax collateral requirements on SMEs

The Department of Trade and Industry will relax the collateral requirement on microbusinesses and small and medium enterprises (SMEs) for the P20 billion and P30 billion worth of loans and guarantee that the government plans to provide to this sec