Sen. Cayetano Urges Government to Allot P1 Billion per Region for MSME

One of the most popular Vice Presidential candidate, Sen. Alan Peter Cayetano urged the national government to allot P1 Billion each of the 18 regions of the Philippines to develop and promote their local economies. The proposal was aired by Sen. Cayetano after APEC leaders discuss ways to strengthen micro, small and medium enterprises (MSMEs).

Cayetano

According to the 45-year-old Sen. Alan Peter Cayetano the Philippine MSMEs generated 64.7 percent or 4,930,851 jobs in 2012, compared to the 2,658 jobs by large enterprises. Although MSMEs had such a huge contribution to the Philippine economy, the senator noted that the national government does not give enough funds for them.

The MSMEs has a national budget allocation of P1.64 Billion last 2014 but such amount could not be felt by most Micro, Small, and Medium Enterprises across the country.

Sen. Alan Cayetano, one of politicians who believes that Mayor Duterte will decided to run for President, noted that he would file a bill, which seeks to grant P90-billion fund for five years to promote the development of local enterprises and businesses in the regions through proper government support and better access to low-interest loans.

The senator who is known for his advocacy for a “one-town, one product” policy said that the government needs to establish measures for MSMEs’ growth like shared service facilities, product research and development, and proper production, packaging, marketing, and trade of products.

21 thoughts on “Sen. Cayetano Urges Government to Allot P1 Billion per Region for MSME”

  1. All businesses started with a small capital, this would help the small businesses to get big and to succeed at a short period of time. Good Job Senator Alan.

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  2. Sobrang laking tulong nito sa mga maliliit na negosyo sa mga probinsya. Magiging matagumpay din sila balang araw kagaya ng mga kilalang negosyante ngayon.

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  3. Salamat po kuya alan. matutulungan po kami ng gobyerno kung sakaling aprubahan ito. Umaasa po kami na mapagsang ayunan ito ng lahat sa senado.

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  4. ikaw ang boses ng masa sen.cayetano! maraming tao ang matutulungan nito… malaking bagay po ito para sa tulad naming gusto mag tayo ng maliit na negosyo… salamat po ng marami….

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  5. tama yan para magbigyan ng tyansa ang mga mahilig magnegosyo,. para naman hindi monopolyo ng iilan,.. cge po sen. cayetano ipagpatuloy ang mga ganitong gawain,.

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  6. kami ay nagaglak na mabigyan ng tulong ang mga walang puhunan pag nangyari ito makikita ng lahat na pwedeng umasenso pag may puhunan,. salamat ng marami sen cayetano

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