SMEs seen to sustain PH economic growth

Aside from education and infrastructure, the government considers the development of small and medium enterprises (SMEs) as another key component that will sustain the long-term economic growth of the Philippines.

We recognize how important SMEs are that is why we came up with programs like, Shared Services Facilities (SSF),SME Roving Academy, (DBFTA), Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said during the recent National Export Congress. Domingo added that SMEs will be at the center of the agenda during the countrys chairmanship of the Asia-Pacific Economic Cooperation (APEC) conference next year.

We feel that SME agenda is very important. We are pushing to simplify the trade rules to make SME benefit in global trade. That means simplifying application forms and custom procedures, Domingo said.

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Industry promotion


Department of Trade and Industry (DTI) Secretary Gregory L. Domingo (inset) speaks before the officials of Department of Trade and Industry’s (DTI) Industry Promotion Group during its strategic planning conference on December 10, 2014 at the Industry and Investments Building in Makati City. Domingo commended the Industry Promotion Group, headed by DTI Undersecretary Ponciano C. Manalo, Jr. (third from right, first row), for doing their part in contributing to the country’s economic growth this year, and underscored his mantra in running the Department, which is “Do good, be felt, and make a difference.” He said that the conditions are ripe for the country to sustain its economic growth for many years to come but everyone, including the government, private sector, and non-government organizations (NGOs) must do their part. The planning sessions ran from December 9 to 11. The Industry Promotion Group is composed of DTI bureaus and offices here and abroad that promote the country’s products and services as well as draw foreign and domestic investors to do business in the country. (DTI-PRU)

Public-private partnership to integrate local SMEs to global value chains


Department of Trade and Industry (DTI) Secretary Gregory L. Domingo (second from right) confers with Philippine Exporters Confederation, Inc. (PHILEXPORT) President Sergio R. Ortiz-Luis (right) during the National Export Congress on December 5, 2014 at the Philippine International Convention Center (PICC) in Pasay City. Joining Domingo are (from left) Export Marketing Bureau (EMB) Director Senen M. Perlada and DTI Undersecretary Ponciano C. Manalo, Jr. In this year’s National Exporters Week celebration, the government and the private sector focused on the theme of developing and fortifying the presence of small and medium enterprises (SMEs) in global value chains. Domingo said that DTI has been advocating for simplified rules on SMEs in order for them to easily participate in regional or global trade and benefit from trade agreements entered into by the Philippines.(DTI-PRU)

Aquino: APEC visitors to experience ‘inclusive, growing’ PH

As APEC 2015 kicks off, President Aquino urges Filipinos, ‘Let us show the best our country has to offer’


KICK OFF. President Benigno S. Aquino III receives the APEC Logo on a kite at the Asia-Pacific Economic Cooperation (APEC) 2015 kick off ceremony, December 1, 2014. Photo by Robert Viñas / Malacañang Photo Bureau

MANILA, Philippines – When the Philippines hosted the Asia Pacific Economic Cooperation (APEC) Leaders' Summit in 1996, the Philippines was then dubbed as “Asia’s next economic tiger.”

It was a peak year as reforms pursued by then President Fidel Ramos were taking shape.

Nineteen years and 3 presidents later, APEC returns to the Philippines in 2015, at a time when the Philippine economy has become one of the fastest growing in Asia despite a slowdown in its gross domestic product (GDP) expansion in the third quarter of 2014.

At the kick-off ceremony for the Philippine hosting of APEC in 2015, on Monday, December 1, President Benigno Aquino III, son of two democracy icons, vowed for reforms anchored on good governance leading to inclusive growth.

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Speech of President Aquino at the national launch of APEC 2015 Philippines


Speech of His Excellency Benigno S. Aquino III President of the Philippines At the APEC 2015 Philippines national launch

[Delivered in Makati City on December 1, 2014]

One week from now, we will be demonstrating the 1000% effort—the first visitors for APEC 2015 will set foot in our country, and the Philippines will have the distinct privilege of hosting the next chapter in one of the largest joint efforts to improve trade and cooperation amongst major economies. Here, within our communities, leaders from government and the private sector will map out the future of the Asia-Pacific.

This gathering’s significance is magnified when one considers that, in a world where many economies are reeling from uncertainty, Asia-Pacific economies have, for the large part, sustained a relatively good level of growth. In fact, Southeast Asia in particular has been identified as one of the world’s most promising regions. It is for this reason that the Philippines has chosen to orient this year’s APEC towards making certain that this growth has tangible effects on the lives of all our peoples. This explains our theme: “Building inclusive economies, building a better world.” I am confident that, with our country’s remarkable turnaround in recent years, our story and our experiences can certainly enrich the discussions on this topic.

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