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Marcos tells DTI: Connect MSMEs to private financiers, investors

BACOLOD CITY – President Ferdinand Marcos Jr. has instructed the Department of Trade and Industry (DTI) to connect micro, small and medium-sized enterprises (MSMEs) with “private financiers and investors to help them maintain and grow their business,” the Office of the Press Secretary said Sunday.

Marcos “raised the need for a public-private partnership type system” for MSMEs and start-ups during a briefing with officials from the DTI’s Western Visayas regional office.

“We have to be ready to lend our support a little further. There should be a support system to help start-ups and our MSMEs by opening doors to new connections, bringing them into the digital world to help them connect with private companies for support,” said PAHO said in a statement, quoting the president.

“Letting people know about these kasi madaming magaganda businesses so that we can find people to partner with,” the statement said.

Marcos previously established a Private Sector Advisory Council comprised of several business sector leaders “to listen” to industry issues.

Of all businesses in the Philippines, over 90% are classified as MSMEs.