Duterte commits to help MSME

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DAVAO CITY (July 12) — President Rodrigo   Duterte on Tuesday pledged government’s assistance to National Micro, Small and Medium Enterprise in the country.

In his speech during the MSME Summit 2018 at Clark Freeport Zone, Pampanga explained that the government prioritized funding for the country’s defense, citing “dark clouds ahead.”

“Maybe inuna ko lang ‘yung defense because I said there’s a — I see dark clouds ahead. So inuna ko muna ‘yung matters that would make us strong,” Duterte said in his speech at the ASEAN Convention Center here.

“But maybe next year I will pour more sa SME para sa mga mahirap,” he said.

During his speech, the Chief Executive also underscored his “burning desire” to end the 5-6 lending scheme.

“’Yung middle class, ‘yun ang gusto kong hilain… Ang gusto ko talagang patayin… if God will give me at least more years if I can finish my term, itong 5-6,” he said.

“Ayaw ko lang magmukhang kawawa kunwari. But ang nanay ko maestra, 5-6 ‘yon, and that was long time ago. Anak ako ng mahirap. Believe me. Noon pa 5-6 na ang nanay ko. ‘Yun talaga, that is my burning desire. Either I stop the 5-6 or I will stop the collectors,” the President further said.

According to the Department of Trade and Industry (DTI), the National MSME Summit aims to provide a venue for the MSMEs to become more innovative and competitive in their businesses.

This year’s summit presents various opportunities and initiatives in gearing up for MSME competitiveness under the 7Ms framework — Mindset, Mastery, Mentoring, Money Access, Machines, Markets, and Models of Business — which was introduced and supported by the ASEAN Economic Community in 2017, DTI noted.-NewsLinew.ph

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