Senator seeks higher loan fund for small businessmen


Posted at Jul 14 2017 02:46 PM

MANILA - Senator Juan Miguel Zubiri on Friday said he would propose doubling the budget of the Department of Trade and Industry for micro-entrepreneur loans.

Zubiri, who chairs the Senate committee on trade, commerce, and entrepreneurship said he would also seek simpler tax procedures for micro, small and medium enterprises.

Small enterprises are important because they comprise 99.5 percent of the 948,000 businesses, Zubiri told an ASEAN MSME forum. -- report from Robert Mano, ABS-CBN News