Saturday, March 25, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Mr. Marcos to keep MSMEs a big part of gov’t digitalization effort

Vince LopezbyVince Lopez
January 21, 2023, 1:30 am
in News, Top Stories
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

PRESIDENT Ferdinand Marcos Jr. said micro, small, and medium enterprises (MSMEs) would be empowered and enabled to participate in the digital economy under his administration.

In his opening remarks during the Country Strategy Dialogue at the World Economic Forum (WEF) in Davos, Switzerland, Marcos told potential investors that MSMEs are at the center of his administration’s digitization efforts.

“We aim to empower and enable MSMEs to participate in the digital economy and thus significantly narrow the digital divide,” Marcos said.

The President said the Philippine government recognizes the importance of digitalization as a key driver for long-term development and the economic transformation of the post-pandemic global economy.

The President also told investors that the country’s CREATE Act or Corporate Recovery and Tax Incentives for Enterprises Act provided much-needed relief for the country’s MSMEs through a reduction in the corporate income tax rate and said this would end investor uncertainty.

ADVERTISEMENT

In his one-on-one dialogue with WEF President Børge Brende, President Marcos pointed out that his administration is concentrating on the MSMEs because they comprise a large part of the economy, similar to most Southeast Asian countries.

“And I think that’s where the growth is coming from,” Marcos said, noting that his government kept an eye on the country’s unemployment rate amid reports of a recession last year.

Meanwhile, Department of Trade and Industry (DTI) Secretary Alfredo Pascual said among his objectives in attending the WEF is to exchange ideas on how to help MSMEs.

“I’m here to talk with the investors, but one of my biggest goals is to exchange ideas on how to help small businesses, for example, the ones we call MSMEs,” Pascual said in an interview on Wednesday.

“DTI is here to help businesses grow from small micro-enterprises to giant industries and we are here to organize the environment, the so-called regulations, and other policies that businesses will follow, and also provide assistance directly like financing for small businesses,” he added.

Former president and Senior Deputy Speaker Gloria Macapagal-Arroyo said Marcos’ participation in the WEF was a good move to sell the Philippines as an “excellent” investment destination.

Arroyo said Marcos did well in presenting his administration’s agenda for the Philippines’ economic recovery and growth to WEF participants, including political and business leaders. Vince Lopez

“I have always believed that President Marcos’ trip to Davos would yield a good result. He is Western-educated, intelligent, and articulate. To put it in English, he speaks their language,” Arroyo, who is part of the official WEF Philippine delegation, said in an interview on Wednesday.

“The President knows the importance of the government’s partnership with the private sector to sustain the country’s growth. The private sector also believes in the potential of the President,” she said.

Arroyo expressed confidence that Mr. Marcos would attract more foreign investors during his trip to Switzerland.

In a separate interview, Private Sector Advisory Council lead convener and Aboitiz Group chief executive officer Sabin Aboitiz said the private sector is “very, very happy” to work with the government.

“The strong belief in the private sector, that combination is perfect because you know, not only do you get the money but the advice and the enthusiasm, right?” Aboitiz said.

Finance Secretary Benjamin Diokno on Friday praised the country’s business leaders who showed support during the President’s participation at the WEF.

“The active and enthusiastic participation of the Philippine business leaders in the WEF activities was truly impressive,” Diokno said.

The business leaders were JG Summit Holdings President and CEO Lance Gokongwei; Ayala Corp Chairman Jaime Zobel De Ayala; International Container Terminal Services Inc. Chairman, President and Executive Director Enrique Razon; Aboitiz Equity Ventures Inc. Executive Director Sabin Aboitiz; Alliance Global CEO Kevin Tan, and SM Investment Corp. Vice Chairman and BDO Chairperson Teresita Sy Coson; and San Miguel Corp. President and CEO Ramon Ang.

Metro Pacific Investment Corp. Chairman and President Manuel Pangilinan was cited as the “8th tycoon” who showed support by showing up at a dinner hosted by the chief executive officers for the President in Davos Wednesday night.

Tags: digitalizationFerdinand Marcos JrMSMEsWorld Economic Forum
ADVERTISEMENT
Vince Lopez

Vince Lopez

Related Posts

Group behind Negros slays

byRey E. Requejo
March 25, 2023, 1:50 am
0
8
Soriano named comms adviser

DOJ: 7 to 10 people did Degamo, other killings; Abalos rips Teves 'script' Justice Secretary Jesus Crispin Remulla on Friday...

Read more

DOJ eyes divers to rate oil spill, PCG says too risky

byRey E. Requejoand1 others
March 25, 2023, 1:40 am
0
8
PBBM looks at faster cleanup of oil spill, Japan sends expert help

Justice Secretary Crispin Remulla has asked the Office of Civil Defense to mobilize divers to the site of the MT...

Read more

Speaker: House for Con-con but open to discuss Senate Con-ass

byMaricel Cruzand2 others
March 25, 2023, 1:30 am
0
8
Journalist, former UP CMC dean Luis Teodoro passes away at 81

The House of Representatives is abiding by its bills seeking a constituent convention (Con-con) to amend the Constitution, but Speaker...

Read more

PH tells China sea issues remain ‘serious concerns’ for Filipinos

byRey E. Requejo
March 25, 2023, 1:20 am
0
8
112 pupils hospitalized in fire drills

The Department of Foreign Affairs on Friday acknowledged that maritime issues, especially in the West Philippine Sea, “continue to remain...

Read more

Power supply fine, still note Earth Hour

byJoel E. Zurbano
March 25, 2023, 1:10 am
0
8
LNG Terminal gets clearance from DOE

The government has asked local officials to join the Earth Hour celebration and encourage their constituents to switch off lights...

Read more

At least P1 oil price rollback up next week

byAlena Mae S. Flores
March 25, 2023, 1:00 am
0
8
Gasoline hike

The country's oil firms will likely cut pump prices by as much as P1.50 per liter effective Tuesday to reflect...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • Group behind Negros slays
  • DOJ eyes divers to rate oil spill, PCG says too risky
  • Speaker: House for Con-con but open to discuss Senate Con-ass
  • PH tells China sea issues remain ‘serious concerns’ for Filipinos
  • Power supply fine, still note Earth Hour
  • At least P1 oil price rollback up next week
  • 112 pupils hospitalized in fire drills

Advertisement

Latest News

Power supply fine, still note Earth Hour

byJoel E. Zurbano
March 25, 2023, 1:10 am
0
8
LNG Terminal gets clearance from DOE

The government has asked local officials to join the Earth Hour celebration and encourage their constituents to switch off lights...

Read more

At least P1 oil price rollback up next week

byAlena Mae S. Flores
March 25, 2023, 1:00 am
0
8
Gasoline hike

The country's oil firms will likely cut pump prices by as much as P1.50 per liter effective Tuesday to reflect...

Read more

112 pupils hospitalized in fire drills

byManila Standard
March 25, 2023, 12:50 am
0
8
Vax wastage, infection surge feared in Odette-hit areas

An inquiry is being conducted into the surprise fire drill done in a school in Cabuyao City, Laguna that led...

Read more

President frets over Masbate Reds

byVince Lopez
March 25, 2023, 12:40 am
0
8
As Muslims mark Ramadan, PBBM calls for solidarity

President Ferdinand Marcos Jr. on Thursday said he is "deeply concerned" over the increasing activities of communist terrorist groups in...

Read more

PBBM confirms Catapang vice BuCor’s Bantag

byVince Lopez
March 25, 2023, 12:30 am
0
8
PBBM confirms Catapang vice BuCor’s Bantag

Gregorio Catapang Jr. was formally appointed Director-General of the Bureau of Corrections by President Ferdinand R. Marcos Jr. on March...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App