A large number of barriers have been the main reasons why the growth of small and medium enterprises (SMEs) has not been vigorous enough to propel the Philippine economy, according to the state think-tank Philippine Institute for Development Studies (PIDS).

“Two years from now, the Philippines and other Asean [Association of Southeast Asian Nations] members will be moved toward a single market and production base under the Asean Economic Community (AEC) by 2015. However, the readiness of our small and medium enterprises for this regional economic integration draws a big question mark,” it said.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details