THE Philippines is being positioned as the site of the first hub for micro, small and medium enterprise (MSME) development in the region, the Philippine Business Advisory Council (BAC) for the Association of Southeast Asian Nations (Asean) said.

In a statement, Asean-BAC Chairman Joey Concepcion said the Asean Center for MSME Development would be one of the legacy projects of the Philippines' chairmanship of Asean in 2026.

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