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BDO rural bank unit opens digital channels to extend 'lifeline loans', other services for MSMEs

ABS-CBN News
Posted at Sep 16 03:27 PM

BDO Unibank said Wednesday its rural banking unit opened digital channels to reach more consumers in need of loans and other services. Read more »

Makati to grant up to P100-K support to local businesses: Binay

ABS-CBN News
Posted at Sep 07 09:29 PM

Makati Mayor Abigail Binay on Monday said the city government plans to grant up to P100,000 to around 78,000 small businesses in the city so they won't shut down and they can keep employing their staff.  Read more »

'Gawang Pinay' online trade fair highlights products by women-owned, -managed enterprises

Bettina Magsaysay, ABS-CBN News
Posted at Aug 31 09:48 PM

Products of Filipina entrepreneurs are placed on the spotlight at the Department of Trade and Industry's online “Gawang Pinay” Fair, which aims to provide market opportunities for products made by women-owned or -managed enterprises. Read more »

PPE makers back Robredo call for more gov't aid for small businesses

Adrian Ayalin, ABS-CBN News
Posted at Aug 25 01:45 PM

Several manufacturers of safety gear against the novel coronavirus on Tuesday backed Vice President Leni Robredo for additional assistance from the national government for small businesses struggling during the pandemic.  Read more »

1 in 4 MSMEs closed due to COVID-19 pandemic: trade chief

ABS-CBN News
Posted at Aug 07 11:20 AM

The coronavirus pandemic has shuttered about a quarter of the country's micro, small, and medium enterprises (MSMEs), the trade department said Friday, as authorities lined up measures to lift the economy from recession.  Read more »

Aid talks continue as US CEOs urge Congress to help small businesses

Agence France-Presse
Posted at Aug 04 08:55 AM

The White House continued talks with Democratic leaders in Congress on Monday over a new round of emergency spending, as more than 100 American business leaders urged lawmakers to lay aside partisan bickering and help small businesses suffering during the coronavirus pandemic. Read more »

Programa para suportahan ang mga maliliit na negosyo sa Luzon inilunsad ng DTI

ABS-CBN News
Posted at Jul 30 03:10 PM

MAYNILA - Inilunsad ng Department of Trade and Industry ang isang programa na layong suportahan ang mga micro small medium enterprises sa mga probinsiya sa Luzon. Read more »

Coca-Cola, DTI launch 'Sari-Sari store,' 'Carinderia' assistance program

ABS-CBN News
Updated as of Jul 17 12:30 PM

Coca-Cola Philippines said Friday it partnered with the Trade Department and micro-finance institutions to help struggling sari-sari stores and carinderia (eatery) retailers recover from the impact of the coronavirus pandemic.  Read more »

Trade official tries to hold back tears while pleading for aid for distressed firms

ABS-CBN News
Posted at Jul 15 08:30 PM

Trade Undersecretary Rafaelita Aldaba said they have been trying to help many businesses struggling to survive the economic disruptions caused by the COVID-19 pandemic, but there was only so much that they could do.  Read more »

'Buy local': DTI urges Filipinos to support small businesses

Arianne Merez, ABS-CBN News
Posted at Jul 02 12:40 PM

Filipinos should prioritize local products to help the economy recover from the coronavirus pandemic, the Department of Trade and Industry said Thursday as it moved to restore business confidence. Read more »

BPI hopes to raise P3 billion from bond sale for MSME financing

ABS-CBN News
Posted at Jun 22 11:45 AM

Bank of the Philippine Islands said Monday it hoped to raise P3 billion from the country's first COVID-19 response bonds and help fund a lending program for small businessmen. Read more »

DTI hopes to distribute loan package to MSMEs in 2 months

ABS-CBN News
Posted at Jun 06 05:39 PM

MANILA - The Department of Trade and Industry (DTI) said it is anticipating thousands of micro, small and medium enterprises to tap into its loan facility aimed at helping businesses affected by impact of the COVID-19 pandemic this month. Read more »

'Negative ang kita': Food businesses na balik-operasyon kahit lockdown naghahabol ng bayarin

ABS-CBN News
Updated as of May 21 08:59 PM

Umaaray ang ilang negosyante dahil kasabay ng pagbubukas ng kanilang mga negosyo, umaaray din sila sa kakulangan ng kinikita ngayong limitado pa rin ang kanilang operasyon sa ilalim ng lockdown.  Read more »

Trade chief pitches stimulus vs COVID-19 to lawmakers

ABS-CBN News
Posted at May 21 04:27 PM

Trade Secretary Ramon Lopez said Tuesday lawmakers should help businesses quickly recover from the pandemic by approving proposed stimulus programs.    Read more »

PH gov't eyes additional funds to help MSMEs after lockdown

Pia Gutierrez, ABS-CBN News
Posted at May 20 04:01 AM

The Philippine government is looking at an additional P30 to P80 billion to help revive micro, small, and medium enterprises (MSMEs) after the implementation of the enhanced community quarantine. Read more »

Small businesses can’t afford COVID-19 testing, says Philippine Chamber

Warren de Guzman, ABS-CBN News
Posted at May 19 08:52 PM

The PCCI said that, while large corporations can pay for the extra expense of testing their employees, medium, small and micro enterprises do not have the same luxury.   Read more »

Trade dept to start MSME loans processing on June 1

ABS-CBN News
Updated as of May 19 11:34 AM

The Department of Trade and Industry said Tuesday it would start processing on June 1 loans for micro, small and medium businessmen displaced by the COVID-19 pandemic.   Read more »

BSP says Philippine banks can withstand increase in bad loans caused by pandemic

ABS-CBN News
Posted at May 07 06:35 PM

The Bangko Sentral ng Pilipinas said Thursday the country’s banks are strong enough to withstand a possible increase in the number of non-performing loans as businesses reel from the effects of the COVID-19 pandemic.  Read more »

Small firms need liquidity rescue to weather pandemic: tax expert

ABS-CBN News
Updated as of Apr 30 12:16 PM

Small businesses that are losing money due to the COVID-19 lockdown need government intervention and other measures to address cash flow concerns, a tax expert said Thursday.   Read more »

US small businesses seek $5.4 billion in virus relief loans

Agence France-Presse
Posted at Apr 05 07:39 AM

Small and medium-size US businesses have applied for more than $5.4 billion in government-backed loans as a key pillar of the country's coronavirus relief plan took effect, the Trump administration said.  Read more »