PH must spend more on S&T to spur MSME growth

THE Philippines will need to increase its spending in science and technology and innovation (STI) because these are important to the development of the micro, small and medium enterprises (MSMEs).

While much has been done by the previous administration in strengthening MSMEs, which comprise 99.6 percent of the country’s total number of establishments, “we still have a long way to go,” Socioeconomic Planning Secretary Ernesto Pernia said in a statement.