Cebu MSMEs slowly bouncing back

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Photo from Cebu Provincial Government FB page

by: Sunstar

Almost half of the micro, small and medium enterprises (MSMEs) in Cebu are trying to get back on their feet despite the lingering effects of the Covid-19 pandemic.

The 2019 data of the DTI recorded an estimate of 100,000 MSMEs operating in the province.

In its June 2020 survey report in Central Visayas, almost 50 percent of MSMEs were partially operational and 22 percent were fully opened. Twenty-eight percent of MSMEs had a total shutdown.

Meanwhile, new businesses have opened up in Central Visayas despite the pandemic.

DTI’s Business Name Registration recorded some 342 new businesses in the region in April, 1,760 new registrations in May, 9,722 in June and 6,581 in July.

Aguilar said most of the new businesses registered were retail sari-sari stores, online stores and food delivery services among others.

 

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