Bigger role for MSMEs urged as FDI flows into larger companies - BusinessWorld Online

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Micro, small, and medium enterprises (MSMEs) can survive within an “ecosystem” making them part of a broader supply chain as larger companies take in more foreign direct investment (FDI), economists said. READ:

sh in a healthy ecosystem where they can exist symbiotically,” Ser Percival K. Peña-Reyes, director of the Ateneo Center for Economic Research and Development, said in a Viber message.

“If you are, for example, a basket maker in Bicol, now that IKEA is here, you can actually supply baskets to IKEA,” she added. According to Mr. Panao, legislators need to be more creative in drafting policy to support MSMEs. These could include directnancial assistance, microinsurance, and “developing a supportive regulatory environment” through faster government transactions like paying taxes and obtaining business licenses.

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