Trade and Industry Secretary Ramon M. Lopez will push for the passage of three bills pending in Congress to institutionalize support and sustain the development of micro, small and medium enterprises during the remaining 11 months of the Duterte administration.
Another pending is the OTOP or the One Town One Product bill, which seeks to institutionalize the OTOP program. The bill will also guide local government units on the comprehensive assistance and holistic approach to support MSMEs. The DTI has also inaugurated 62 OTOP Hubs nationwide, which have helped 50,323 OTOPreneurs and generated sales worth P5.5 billion.
Meanwhile, the P3 bill or the Pondo sa Pagbabago at Pag-asenso will institutionalize the continuity of the P3 program by providing an alternative financing to “5-6” or the loan shark. The P3 seeks to improve MSMEs access to credit.
timing is everything 🤮
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