Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Investment  >>   Small businesses promoted in Philippines
NEWS UPDATES Asean Affairs     10 October  2011                       

Small businesses promoted in Philippines

Related Stories

September 21, 2011  Philippines gets unexpected investment

September 13, 2011
Philippine FDI increases

September 2, 2011
Philippine hot money flows double

August 31, 2011
 Investment fund likes Philippines

July 18, 2011
Philippines drops partnership fund

June 30,2011
Court ruling on foreign ownership hits Philippines

May 23, 2011
State fund invests in Philippine market

The Philippine government is trying to encourage entrepreneurs, and help small businesses to grow.

These ventures fall into the category of micro, small, and medium enterprises, which are more than 99 percent of all Philippine businesses.

Ms. Joy Marcella used to sell homemade sweets during breaks, while working as a government employee.

But after two years, she's now supplying Filipino desserts to fast food chains and restaurants.

Ms. Joy Marcella, small entrepreneur of Onyang's Sweet Products, said: "I now have time for my family, especially my children. When I was an employee, I didn't have time. Now, I can set aside time for them and also earn more."

From an initial outlay of S$4,600, Onyang's Sweet Products is now a S$46,000 business, employing 30 workers.

And Ms. Marcella is not stopping there.

She's now set her sights on exporting her products.

"One should always have dreams. If I don't have a dream, I will not have the chance to grow. Having a dream makes you want to aim higher and strive harder to become successful," she said.

With micro, small, and medium enterprises accounting for 99.6 per cent of businesses here in the Philippines, they play a crucial role in moving the country's economy forward.

For the next six years, the government wants to spur their development and help generate two million jobs by 2016.

The government's Micro, Small and Medium Enterprise Development Plan aims to increase this sector's economic contribution to 40 percent of the gross domestic product.

Under the six-year plan, the government will also encourage more entrepreneurs to set up businesses in the countryside.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    10  October  2011 Subsribe Now !
• Cambodia’s flood toll rises Subcribe: Asean Affairs Global Magazine
• Time to invest Asean Affairs Premium

• Risk aversion stressed

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Small businesses promoted in Philippines
• Singaporeans go for two degrees
• Thai central bank estimates flood damage
• Small distillery receives Asean energy award

• Vietnam’s flood death toll rises


• Vietnam considers auto tariff drop


Asean Analysis              10  October  2011

Advertise Your Brand
• WEEKLY SUMMARY Sponsor Our Events

Asean Stock Watch      10  October  2011

• Asean Stock Watch-October 10 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand