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Salceda asks DTI to strengthen MSME services, investment promotion

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With the looming enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE), House Ways and Means Chair Albay 2nd District Rep. Joey Sarte Salceda has asked the Department of Trade and Industry (DTI) to “redouble its efforts” to help the country’s micro-small and medium enterp

He said the DTI’s programs towards improving the business and investment climate in the country should be intensified.

Salceda recalled that last October, he wrote Finance Secretary Carlos Dominguez III and Trade Secretary Ramon Lopez to be apprised of the country’s plans for attracting more investment into the country. “You don’t always get a policy that gives you that much private sector capital. CREATE is once in a generation,” said Salceda, a former market analyst for top global investment banks.

“So that more businesses can benefit from CREATE and the Bayanihan bills, we really need to regularize MSMEs who are currently in the informal sector. That means making registration processes simple, easy, and free,” Salceda said. “Most new jobs are from online businesses. We need to help them. CREATE will help them, but if they are formal businesses,” Salceda said.

 

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