PRESIDENT Ferdinand R. Marcos, Jr., on Monday, said his administration is pushing ahead with the implementation of the MSME Development Plan 2023–2028 to strengthen the role of micro, small, and medium enterprises (MSMEs) in the Philippine economy.
In a message delivered by Executive Secretary Lucas P. Bersamin at the Presidential Awards for Outstanding MSMEs and the Presidential Recognition for Outstanding Development Partners in Malacañang, Mr. Marcos said the plan aims to create a business environment that encourages innovation, expands market reach, and enhances competitiveness.
He said the government is investing in digital infrastructure, skills development, and tools to help smaller enterprises adapt to new technologies such as e-commerce, artificial intelligence-powered systems, digital finance, and smart logistics.
He also stressed the need to bring financing, capacity building, and market linkages closer to rural entrepreneurs, women- and youth-led businesses, and community-based enterprises, describing them as vital sources of local products and creativity.
At the ceremony, the Palace honored MSMEs and development partners that demonstrated excellence in market growth, innovation, sustainability, and community impact.
The President said their contributions highlight why MSMEs, which account for more than 99% of Philippine businesses, are the “backbone of the economy” and “sparks of innovation” in local industries. — Chloe Mari A. Hufana
