MANILA, Philippines 鈥� President Ferdinand 鈥淏ongbong鈥� Marcos Jr. stressed Friday that revitalizing the micro, small, and medium enterprises (MSMEs) sector is among his administration鈥檚 top priorities.
Marcos made the remark as he attended the opening of the MSME Summit 2022 at the Manila Hotel organized by Go Negosyo.
鈥淎s your President, I assure you that the revitalization of our MSMEs is among the administration鈥檚 top priorities,鈥� Marcos said in his speech.
鈥淚 reiterate the government鈥檚 full commitment to work hand in hand with all stakeholders to make certain that MSMEs are protected and provided with ample opportunities not only to recovery from these extraordinary times but to grow and thrive in this modern age,鈥� the President added.
Marcos said MSMEs are part of the 鈥渂ackbone of our economy鈥� as the sector generates more than half of the country鈥檚 employment.
鈥淭his is why it is fully recognized that this sector鈥檚 critical role in our country鈥檚 economic regeneration, job creation, and poverty reduction is critical,鈥� Marcos said.
Further, Marcos said the government will 鈥渉arness the strengths of various sectors鈥� to ensure a more cohesive government approach to creating a 鈥渕ore sustainable environment for our MSMEs and all our important stakeholders.鈥�
鈥淟adies and gentlemen and all our beloved MSMEs, I once again give my utmost assurance and commitment that your government is here to help you level up and succeed, especially during these difficult times,鈥� Marcos said.
鈥淣ow is a time to come up with these pandemic-proof strategies that will allow our businesses to take wing and serve [their] consumer base with quality products and services. Indeed, the success of our MSMEs is crucial to fortify the foundation of our economy,鈥� he added.
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