CHANGE in the mindsets of the micro, small and medium enterprise (MSME) is needed to be competitive in the global market which may serve as a major force in the Association of Souteast Asian Nations (Asean) Economic Community.
“MSMEs must gear up and change their ways. They must work to increase their efficiency, reduce operation cost, improve marketing strategy, keep abreast with consumer demand and source information to be at par with their Asean counterparts,” Department of Trade and Industry (DTI)-Cordillera assistant director, said.
“This is very critical for our MSMEs because if you want to be integrated, you must be competitive, so you got services. How to avail of services that are competent as well as not too expensive on the part of MSME, not only for the Philippines but also in the Asean. That’s the goal that we want to do,” Baluyan said.
DTI has various MSME development initiatives that include the Shared Service Facilities (SSF) projects, Negosyo Centers, SME Roving Academy; the Philippine Business Registry, and the Go Negosyo Kapatid and Mentor Me, among others.
DTI is also instrumental in the enactment the Magna Carta for MSMEs, which major provisions include the creation of MSME Development Councils, Barangay Micro Business Enterprises (BMBE) Act, and the Go Negosyo Act. (PR)