Tag Archives: MSMEs

House body eases retail trade rules further

(Source: Business World | December 12, 2018) The House of Representatives Committee on Trade and Industry has approved a bill reducing the minimum paid-up capital requirement of foreign retailers to engage in business in the country. The bill amends Republic Act No. 8762, or the Retail Trade Liberalization Act of 2000, by reducing the minimum paid-up capital requirement of foreign ...

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Lazada calls on SMEs to be part of growing Phl e-commerce

(Source: Business Mirror | November 14, 2018) As online shopping in the Philippines continues to grow, Lazada, the No. 1 online shopping and selling destination in Southeast Asia, is encouraging more Filipino entrepreneurs, especially small and medium enterprises (SMEs) to be more active instruments in the development of e-commerce in the country. Lazada Philippines chief executive officer for logistics Juan Pavez Spencer, ...

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MSMEs rely on e-commerce to boost export receipts

(Source: Business Mirror | August 30, 2018) Philippine micro, small and medium enterprises (MSMEs) are now heavily relying on e-commerce to boost their export performance and are banking on the new platform to expand their market, an independent study said. A research, titled “Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific,” reported ...

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DTI eyes higher cap for foreign retailers

(Source: Manila Standard | March 9, 2018) The Department of Trade and Industry and the Board of Investments plan to raise the proposed cap on the paid-up requirement for foreign retailers to $500,000 from the current proposal of $200,000. BoI director for legal and compliance service Marjorie Ramos-Samaniego said the government would push for refinements on the proposed revisions in ...

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DTI to launch 37 prototypes One Town One Product

(Source: Sunstar | February 26, 2018) About 37 new prototypes of the One Town One Product (OTOP) Next Gen of the Department of Trade of Industry (DTI) is targeted to be launched this 2018 by DTI-Davao Region. According to Trade and Industry Davao assistant regional director Edwin Banquerigo, this year two Go Lokal stores will be opened up in Abreeza ...

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PLDT, Go Negosyo to empower MSMEs in e-commerce

(Source: Inquirer.net | February 12, 2018) Local telecommunications giant PLDT has teamed up with entrepreneurship advocate Go Negosyo to empower micro, small and medium entrepreneurs (MSME) with e-commerce capabilities, thereby allowing them to thrive in the digital marketplace. With this partnership, PLDT and its digital innovations arm Voyager Innovations (Voyager) aim to support the program of the Department of Trade ...

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‘Mother of franchising industry’ takes over PCCI

(Source: Inquirer.net | December 31, 2017) The next president of the country’s largest business group is a woman whose first steps as a young adult pointed away from business, only to circle back to it years later. Before Ma. Alegria Sibal-Limjoco made a name in the retail and franchise industry, she was known more as the daughter of a lawyer ...

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Fiestamall sells quality Pinoy products via ‘Go Lokal!’

(Source: Business Mirror | December 25, 2017 Quality Filipino products are now being sold at the Duty Free Fiestamall, previously a haven of imported and luxury brands. This developed as the government-owned Duty Free Philippines Corp. (DFPC), in partnership with the Department of Trade and Industry (DTI), last week launched “Go Lokal!,” a retail-concept store showcasing quality products created by ...

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DTI partners with DoubleDragon

(Source: Philippine Star | November 27, 2017) The Department of Trade and Industry (DTI) has launched its partnership with listed property developer DoubleDragon Properties Corp. for the development of micro, small, and medium enterprises (MSMEs) in the provinces through the setting up of Go Lokal stores. Under the partnership, DoubleDragon will operate and manage Go Lokal stores in all CityMalls ...

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Lim bucks gov’t plan to further open up domestic retail trade

(Source: Manila Bulletin | October 30, 2017) Local retailers have slammed the government’s move to further liberalize domestic retailing saying it is a desperate move to window dress their poor performance in luring foreign direct investments by bringing in small foreign retailers and kill Filipino SMEs. Samie Lim, father of the franchising industry here and abroad and also one of ...

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