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DTI financing arm slightly exceeds P8.1 billion lending provision for MSMEs

DTI financing arm slightly exceeds P8.1 billion lending provision for MSMEs
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Loans OK’d for COVID-19 hit MSMEs reach P6.7 billion

Over P6.7 billion worth of loans aimed at assisting micro, small and medium enterprises affected by the COVID-19 pandemic have been approved, according to the financing arm of the Department of Trade and Industry. ....

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DTI eyes to tweak definition of MSMEs amid digitalization

REDEFINING MSMEs. Trade Secretary Alfredo Pascual delivers his speech at the launch of the Philippine Fintech Festival and SME Financial Empowerment Program at Shangri-La The Fort Manila in Taguig City on Friday (Aug. 12, 2022). Pascual shared the agency's initiative to tweak the classification of micro, small and medium enterprises amid changes in business operations due to digitalization. (PNA photo by Kris Crismundo) MANILA - Department of Trade and Industry (DTI) Secretary Alfredo Pascual said there is an ongoing initiative to tweak the definition of micro, small and medium enterprises (MSMEs) amid changes in the way entrepreneurs do business because of digitalization. "We are trying to come up with a better way of defining MSMEs," Pascual said at the launch of the Philippine Fintech Festival and SME Financial Empowerment Program in Taguig City on Friday. He said as entrepreneurs embrace digital technology, they could now do business with fewer people and could operat ....

Taguig City , City Of Taguig , Alfredo Pascual , Financial Empowerment Program In Taguig City On , Philippine Statistics Authority , Monetary Authority Of Singapore , International Finance Corp , Small Business Corp , Financial Empowerment Program , United Nations Development Program , Small Business Sb Corp , Secretary Alfredo Pascual , Philippine Fintech Festival , Empowerment Program , Small Business , Monetary Authority , International Finance , Digital Pilipinas , Redefining Msmes Trade Secretary Alfredo Pascual Delivers His Speech At The Launch Of Philippine Fintech Festival And Sme Financial Empowerment Program Shangri La Fort Manila In Taguig City On Friday Aug 12 , 022 Pascual Shared The Agency 39s Initiative To Tweak Classification Of Micro , Mall And Medium Enterprises Amid Changes In Business Operations Due To Digitalization Pna Photo By Kris Crismundo Manila Department Of Trade Industry Dti Secretary Alfredo Pascual Said There Is An Ongoing Initiative Tweak The Definition Micro , Mall And Medium Enterprises Msmes Amid Changes In The Way Entrepreneurs Do Business Because Of Digitalization Quot We Are Trying To Come Up Witha Better Defining , Uot Pascual Said At The Launch Of Philippine Fintech Festival And Sme Financial Empowerment Program In Taguig City On Friday He As Entrepreneurs Embrace Digital Technology , Hey Could Now Do Business With Fewer People And Operate Assets Quot Technology , Ou Don 39t Need Too Many People To Be Paid And You Needa Lot Of Hard Assets Do Things It Used That Msmes Are Defined Either By The Number Employees , Total Assets ,