Tag Archives: MSMEs

MSMEs rely on e-commerce to boost export receipts

Online shopping

(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

(Photo from: CNN Philippines)

(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: DTI website)

(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

Trade Secretary Ramon Lopez, Go Negosyo founder Joey Concepcion and PLDT chair Manny Pangilinan at the 2016 launch of the Kapatid Project, which aims to encourage big business to come up with programs that will benefit the micro and small businesses. The project is an initiative of the Philippine Center for Entrepreneurship, Go Negosyo in partnership with the Department of Trade and Industry. (Inquirer.net)

(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!’

Golokal Fiestamall

(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

(Photo from: Outoftownblog.com)

(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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ANALYSIS: A messy outlook for local retailers


(Source:news.abs-cbn.com | October 23, 2017) Even without competition from big foreign rivals, many local retail establishments have been experiencing difficulty keeping their heads above water. In recent years, a number of shopping malls and grocery outlets have been taken over by the country’s leading retail companies. Economic managers of the Duterte administration recently announced plans to open up more Philippine ...

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DTI chief backs retail trade lib

Photo from: gonegosyo.net

(Source: inquirer.net | October 12, 2017) Trade and Industry Secretary Ramon Lopez is supporting the plan to further liberalize the retail trade industry in favor of foreign investors, setting aside the appeals of local business groups who warned this would harm local micro, small and medium-sized enterprises (MSMEs). Lopez told reporters that a more open retail trade industry would lead ...

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