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

  • 📰 bworldph
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German companies keen to enter PHL mining industry - BusinessWorld OnlineGERMAN companies are interested in joining the Philippines’ mining industry, according to the European country’s top diplomat in Manila. German Ambassador to the Philippines Anke Reiffenstuel, in an email interview with BusinessWorld, cited “investment opportunities in the area of rare earths and metals like copper and nickel.” “We want to increase the production of goods, […]
Source: bworldph - 🏆 9. / 68 Read more »

Stocks may move sideways ahead of BSP meet - BusinessWorld OnlinePHILIPPINE STOCKS may move sideways this week on cautious trading as investors await the Bangko Sentral ng Pilipinas’ (BSP) policy decision on Thursday and the release of more firms’ financial reports. The benchmark Philippine Stock Exchange index (PSEi) went up by 34 points or 0.49% to close at 6,876.79 on Friday, while the broader all […]
Source: bworldph - 🏆 9. / 68 Read more »