Secretary Gregory Domingo of the Department of Trade and Industry urged provincial leaders to work harder in helping local entrepreneurs expand their small businesses to support the government’s drive in delivering ‘inclusive growth’ to all segments of the population.
“Inclusive growth simply means that the economic gains of the country should be felt not just by the upper class, but by everybody,” Domingo told the general assembly of the League of Municipalities of the Philippines. “We want you to be with us in this initiative to help our small businesses.”
To improve the quality and productivity of small businesses, the department, thru its Shared Services Facility (SSF) program, has so far provided P163.79 million worth of machinery and equipment to local entrepreneurs, and assisted 32,878 micro, small and medium enterprises all over the country. The facilities were delivered to the 609 poorest municipalities, and are expected to generate a total of 12,092 jobs.
The DTI drew 16,790 participants to its Roving Academy program in the country covering 16 regions, with 167 sessions conducted nationwide last year. The sessions were designed to develop entrepreneurial attitude and mindset, enhance managerial capabilities and knowledge in marketing and technology.
To step up the promotion of Philippine products in foreign markets, the DTI plans to intensify the entrepreneurs’ participation in international trade fairs this year in Asia and Europe to help them become more competitive in the domestic and international markets, which is expected to increase their contribution to the country’s GDP and total employment.
The events lined up include the Maison et Objet Asia in Singapore, Salone Internazionale del Mobile in Italy, Maison et Objet Paris and SIAL Paris in France.