The financing gap for SMEs during the pandemic

The DTI’s MSME Development Plan Progress Report contains very revealing data on MSMEs’ access to credit from formal financial institutions. Recall that in 2008, Republic law n ° 9501 prescribes that banks must set aside 8% of their total loanable funds for micro and small businesses while 2% should be …

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The situation of MSMEs

MICRO, Small and Medium Enterprises (MSMEs) are supposed to be the economic backbone of the Philippines. They make up 99.5% of the country’s business establishments, provide 63% of the jobs for the Filipino workforce, and contribute around 40% of the country’s gross domestic product (GDP). Yet they only receive a …

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Constantly evolving challenges of the WFH – BW people

The regulatory framework for working from home (WFH) is evolving, with an inclusive approach like never before. Due to the growing relevance of the concept of the WFH, the Union Ministry of Labor and Employment published in December 2020 a draft standing order model (MSO) for the service sector. These …

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