PLDT Enterprise is launching a campaign for micro-, small- and medium-sized enterprises (MSMEs) by giving them products and services to support their growth.
In a statement over the weekend, the enterprise unit of PLDT, Inc. said it wants to advocate the empowerment of MSMEs as a significant contributor to the country’s economy.
“It is truly an honor for us to put the spotlight on MSME clients as their successes have made a great impact on our economy… We are delighted to provide them with solutions that will help them to take their business dreams further,” PLDT Head of SME Mitch Locsin was quoted in the statement as saying.
A 2015 survey by the Philippine Statistics Authority said 99.5% of the businesses in the country are MSMEs.
PLDT-Smart Senior Vice-President and Head of Enterprise Business Groups Jovy I. Hernandez said the company wants to remain a partner of MSMEs in offering innovative ideas to the market.
“Our commitment to empower small businesses remains unwavering and we have made it our mission to help them take that big leap and help them soar,” he was quoted in the statement as saying.
Revenues from PLDT Enterprise grew 6% in the first half of the year to P19.4 billion. The demand for data improved its fixed line revenues 6% to P10 billion, as its solutions portfolio improved mobile revenues 12% to P3.1 million, and the strengthened capabilities of its ICT services recorded increased revenues by 20% to P2.2 billion.
The PLDT group posted a net attributable income of P12.21 billion in the six-month period, up 4% from in the same period last, year due to the robust growth of the company’s wireless mobile segment.
PLDT is allocating P78.4 billion for capital expenditures this year, largely to fund the company’s network improvement activities.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Denise A. Valdez
