Fueled by growth and expansion, SM supports MSME communities

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By PR News Wire

SM is looking forward to working with communities especially during tough times to sustain and support growth and recovery.

As SM pursues expansion and growth, it contributes to increasing economic activity and growing business resilience that support hundreds of thousands of micro, small and medium enterprises (MSMEs). These MSMEs make up 99.5% total business enterprises in the Philippines and generate over 5.3 million jobs or 62.7% of the country’s total employment.

“As we expand, we are mindful about how this brings meaningful support to communities,” SM Investments Corporation President and Chief Executive Officer Frederic C. DyBuncio said.

SM acts as a marketplace to over 90,000 MSMEs partners, playing the big brother role and helping them navigate mainstream retailing. SM’s retail stores serve as platforms to offer their products, master their entrepreneurial skills and grow their businesses. SM also provides holistic support through marketing advice, financial access as well as promotion and advertising.

During the pandemic, SM waived rental fees to support the business continuity of MSME partners. SM Supermalls’ Start-Up Market program in high-traffic malls also helps budding online entrepreneurs to put up kiosks in SM malls without the burden of costly rental fees and construction costs.

READ full story HERE.