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246th Issue Volume 64 No. 2 Wednesday 28 April 2010 |
In this issue |
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SME in Focus Where is the SME agenda?
As usual, they will harp on populist promises to rants about corruption and other social ills. In fact, there’s nothing new. And the sad fact is no single candidate so far has revealed his or her agenda on the role and importance of the country’s yet untapped middle-the Small and Medium Enterprise (SME) sector. SMEs play an important role to the economy not only in the Philippines but also in the Association of Southeast Asian Nations bloc as it contributes from one quarter to as much as one-third of the gross domestic product. In the Philippines alone, nine out 10 businesses in the Philippines are SMEs employing about half of the labor force. Perhaps the aspirants and their respective spin doctors will not find issues such as the absence of a pro-SME policy climate, lack of access to funds and the aversion of mainstream private banks to channel more credit and development services to entrepreneurs as unsexy and will not provide juicy sound bites on television. But these are real issues for entrepreneurs, their workers and the millions of family members dependent on SMEs for livelihood. If candidates are serious in creating more wealth for citizens, then empowerment of SMEs must be their priority, too!
Special Report Microinsurance firm eyes P1.1B investment in RP
Leapfrog Investments which is also partly owned by the World Bank’s International Finance Corp. (IFC), recently announced it has raised $110 million from global institutions, which it will invest in the microinsurance sectors in Asia and Africa. Stephane Chatonsky, principal of microinsurance fund LeapFrog Investments, said the firm has identified the Philippines as one of its key markets, and is willing to invest up to $25 million of the $110 million raised from various investors in the country. member-at-large EDSA Print Haus
For the past 15 years, EDSA Printhaus has sold printing machines of high quality both to local and export market which has epitomized its long term vision of commitment to customer satisfaction. Moreover, the company offers easy monthly payments thru leasing and bank financing schemes that are flexible and suitable to the customer’s budget. EDSA Printhaus knows quite well that establishing a close relationship to both customers and finance companies will result into a solid partnership that will bring success to all. Visit: www.edsaprinthaus.com
Tax Calendar 2010 April - May
SME Events 2010 April - May
SME Power Quote “Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them.” –
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In this summer full of social malaise such as the El Nino, power shortage, the Supreme Court issue, midnight appointments, etc., nine presidential aspirants will charm, bamboozle or convince Filipinos that they are the perfect individual to be the country’s next leader.
An international microinsurance firm partly owned by billionaire George Soros plans to invest P1.1B in the country’s microinsurance industry.
For your printing requirements, trading firm EDSA Printhaus has the right solutions for your business from Reconditioned Offset Printing Machines, Web Offset, Paper Cutter, Die-Cutting Machines, Paper Sheeter, UV and Plastic Laminator, Bindery Equipments and other relative equipments for paper and board.
SME Products and Services |
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For inquiries, please call us at +632 8137.082 or +632 8847.600 locals 3012 or 3021. You may also email us at info@sme.com.ph. |
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