PLDT lauds ‘unbreakable spirit’ of PH enterprises amid challenging times

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The COVID-19 pandemic has presented immense challenges to industries around the world. With mobility restrictions in place, business owners had to rethink their operations and adjust to navigate the uncertainties in the new normal. Although some companies were able to adapt and seamlessly shift to the new norm, the process was not easy with many struggling with financial losses and temporary business closures. A survey from the Asian Development Bank (ADB) released September last year reported that the Philippine economy experienced the worst impacts of the pandemic. The Philippines logged the highest number of business closures and layoffs among its peers in Southeast Asia. Despite that, Jovy Hernandez, ePLDT President & CEO and SVP and Head of PLDT & Smart Enterprise and International Business Groups, said that resilience is one of the core values that helped businesses conquer the challenges of the pandemic. This ‘unbreakable spirit’ of enterprises allowed them to embr

Philippines gears up for ASEAN SME gathering this year


For the past years, the Philippines have emerged as one of the fastest growing economies in the world, impressively rivaling the growth rates of fellow Asian countries. From being referred to as the “sick man of Asia” in headlines, it has turned around to being referred to now as the “new breakout nation”.

Integral to the economic development and growth of the Philippines are the Small and Medium Enterprises (SMEs), as they largely outnumber large enterprises in both quantity of establishments and share of the labor force they employ. To provide industry market intelligence to boost the business of SMEs, MEDIACOM Solution Inc. is staging the 2nd Philippine Small & Medium Enterprise Business Expo 2014 (PhilSME) with the tagline “Boost Your Business”. PhilSME 2014 is the largest trade show dedicated to the ASEAN SME Community in the Philippines with 238 exhibiting businesses from 18 business sectors and 20,000 expected visitors. This is set to be the focal point in the business community this year as it happens in November 21-23, 2014 at the SMX Convention Center Manila, Pasay City, Philippines.

“We aim to put together under one roof SME business owners, senior level executives, professionals, government agencies, trade associations from the Philippines and the ASEAN region to synergize their efforts in order to boost their businesses and the Philippine economy at large. The ASEAN economic community will become the 7th largest economy in the world with a combined consumer market of over 600 million people,” said David Abrenilla, Founder and Managing Director of PhilSME 2014 and CEO of MEDIACOM Solutions, Inc.

Philippine Trade Undersecretary for Regional Operations Group Zenaida C. Maglaya recognized the pivotal role SMEs play in fuelling the economy as they account for 99.6 percent of total registered enterprises, according to recent trade department data.

In response to this, Abrenilla added, “We would like to provide the gateway for this new market brought about by the ASEAN integration. The PhilSME 2014 will be their one-stop shop for all their business needs from seeking advice from qualified experts to networking with key decision makers to gathering market intelligence.”

Philippine Chamber of Commerce and Industry (PCCI) President Alfredo M. Yao, in his speech at a recent event listed factors challenging the private sector’s readiness and competitiveness under the economic integration in 2015 and cited the need for initiatives, such as workshops, to prepare SMEs for the upcoming ASEAN integration.

Yao listed the challenges such as: high cost of power and logistics, inadequate transport infrastructure and access of SMEs to financing and technology.

With PhilSME 2014, the agenda is to help small and medium enterprises (SMEs) to be competitive with large corporations, especially with the rising global competition. It shall be the venue for small and medium sized businesses from the Philippines and the ASEAN region to build new relationships, help network with local and international decision makers, business owners, senior level executives and do business amongst SMEs and its supporters.


To BOOST YOUR BUSINESS towards success in an economically integrated world register at www.philsme.com or call +63.509.4792. Stay connected to the PhilSME community via Facebook:  www.facebook.com/PhilippineSMEBusinessExpo and twitter: www.twitter.com/PhilSMEexpo.

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