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  • Assignment 5-Encourging Entrepreneurship in The Philippines

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    Buella, Ladylyn S.
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    Micro, small and medium enterprises (MSMEs) make up 99.6% of businesses in the Philippines and employ over 63% of the workforce. The Department of Trade and Industry (DTI) promotes MSMEs through programs that provide financing, training, market assistance and other support services. Other organizations that help develop MSMEs include local government agencies, financing institutions, and non-profit groups. Laws and policies aim to strengthen MSMEs and encourage entrepreneurship through assistance programs that offer subsidies, incentives and aid to help MSMEs start, sustain and grow their operations.

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    Micro, small and medium enterprises (MSMEs) make up 99.6% of businesses in the Philippines and employ over 63% of the workforce. The Department of Trade and Industry (DTI) promotes MSMEs through programs that provide financing, training, market assistance and other support services. Other organizations that help develop MSMEs include local government agencies, financing institutions, and non-profit groups. Laws and policies aim to strengthen MSMEs and encourage entrepreneurship through assistance programs that offer subsidies, incentives and aid to help MSMEs start, sustain and grow their operations.

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    7 views1 page

    Assignment 5-Encourging Entrepreneurship in The Philippines

    Uploaded by

    Buella, Ladylyn S.
    Micro, small and medium enterprises (MSMEs) make up 99.6% of businesses in the Philippines and employ over 63% of the workforce. The Department of Trade and Industry (DTI) promotes MSMEs through programs that provide financing, training, market assistance and other support services. Other organizations that help develop MSMEs include local government agencies, financing institutions, and non-profit groups. Laws and policies aim to strengthen MSMEs and encourage entrepreneurship through assistance programs that offer subsidies, incentives and aid to help MSMEs start, sustain and grow their operations.

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    BUELLA, QUEEN APRIL S.

    PCBEA 25-601E

    ASSIGNMENT 5- ENCOURGING ENTREPRENEURSHIP IN THE


    PHILIPPINES
    1. Cite the status of Micro, Small and Medium Enterprises (MSMEs) in the
    Philippines.
    2. Discuss the role of the Department of Trade and Industry (DTI) in
    promoting Micro, Small and Medium Enterprises (MSMEs).
    3. Identify different organizations involved in the promotion and development
    of MSMEs.
    4. Identify and discuss Laws and Policies on MSMEs.
    5. Cite different assistance programs for MSMEs.

    Reference:
    1. https://cpbrd.congress.gov.ph/2012-06-30-13-06-51/2012-06-30-13-36-50/1195-ff2020-19-msmes-
    in-the-philippines
    2. https://www.dbm.gov.ph/wp-content/uploads/OPCCB/OPIF_2007/dti.pdf
    3. https://www.shopify.com/ph/blog/5-government-programs-for-msmes-in-the-philippines
    4. https://business.inquirer.net/351550/laws-on-msme-development
    5. https://www.globe.com.ph/go/career-money/article/government-sme-programs.html#gref

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