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Business groups calls for support for MSMEs

Affordable financing one of the support identified

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Citing the economic importance of micro, small and medium enterprises (MSMEs), the Philippine Chamber of Commerce and Industry (PCCI) on Tuesday called on the government to ensure secure data-sharing operability among government offices to eliminate redundant business names and tax registration processes.

This was among the 13 proposals of the PCCI aimed at further uplifting MSMEs, based on the resolution it issued during the day to help institute changes in government.

Some of the proposals aimed at improving the business environment and ensuring ease of doing business are greater access for affordable financing through the Department of Finance, the Bangko Sentral ng Pilipinas, and the Small Business Corp. (SB Corp); capacity-building through the Department of Trade and Industry, Department of Tourism, and local governments to help MSMEs participate in regional and global value chains; and for DTI, the Department of Information and Communications Technology, and local chambers of commerce to accelerate the sector’s digital transformation through targeted training, digital toolkits, and access to e-commerce platforms.

In terms of good governance and anti-corruption, the group urged the government “to put an end to unabated, continuing, and excessive corruption in government projects and transactions by instituting strict monitoring, transparency, and accountability mechanisms across all levels of governance.”

PNA PHOTO