Thinking big: Helping small businesses thrive in the face of disruptions Share on email Lacking the deep cash reserves and diversified portfolios of large conglomerates, micro, small, and medium enterprises were among the hardest hit amid the Covid-19 lockdowns around the world. With majority of Philippine businesses classified as MSMEs, the economic repercussions of the pandemic were deeply felt throughout the country. Out of a total 1,003,111 business enterprises operating in the country, according to the Philippine Statistics Authority (PSA), 99.52% (998,342) of these are MSMEs, while the remaining 0.48% (4,769) are large enterprises. To help underserved sectors, including MSMEs, adapt to the new normal, BPI Foundation, the social development arm of the Bank of the Philippine Islands (BPI), has pivoted to digital platforms to implement its programs to create opportunities for financial inclusivity and resilience for more Filipinos.