{"id":148483,"date":"2018-01-24T01:39:22","date_gmt":"2018-01-24T06:39:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=148483"},"modified":"2018-01-24T01:39:22","modified_gmt":"2018-01-24T06:39:22","slug":"p2-b-allotted-for-msmes-development-palace","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/24\/p2-b-allotted-for-msmes-development-palace\/","title":{"rendered":"P2-B allotted for MSMEs development: Palace"},"content":{"rendered":"
\"FILE:<\/a>
FILE: Presidential Spokesperson Harry Roque. (PCOO PHOTO)<\/figcaption><\/figure>\n

MANILA\u00a0\u2013 Malacanang announced on Tuesday that PHP2 billion fund has been allotted for the development of the country\u2019s micro, small and medium enterprises (MSMEs).<\/p>\n

During a Palace press briefing, Presidential Spokesperson Harry Roque said the money will be used for two programs that the Department of Trade Industry (DTI) has designed to develop the MSMEs.<\/p>\n

\u201cThis is to inform our entrepreneurs or those who wish to open small business that a total of PHP2 billion will be allotted two programs of the DTI,\u201d Roque said.<\/p>\n

Roque said PHP1 billion will go to \u201cPondo sa Pagbabago at Pag-asenso\u201d micro loan program while the other PHP1 billion will be used for shared facilities, equipment project of the DTI for MSMEs.<\/p>\n

He said the DTI noted that the PHP1 billion allocation for micro loan program aims to generate more loan packages for micro entrepreneurs.<\/p>\n

The \u2018Pondo sa Pagbabago at Pag-asenso\u2019 is the DTI\u2019s flagship micro loan program with the goal of reducing 5-6 lending scheme.<\/p>\n

President Rodrigo Duterte had pledged support for MSMEs which comprise at least 95 percent of the country\u2019s business establishments.<\/p>\n

Meanwhile, Roque announced in the same media briefing that the country\u2019s agriculture product has recorded an increase of 3.95 percent in 2017.<\/p>\n

He said the crops subsector contributed the highest percent in the total production of 51.20 percent followed by followed by livestock subsector with 17.78%, and poultry subsector with 15.4%.<\/p>\n

\u201cThe growth in the agricultural production has a gross value of PHP500.4 billion, which is 9.27% compared to 2016 gross value,\u201d he added.<\/p>\n

He said reported the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) have achieved significant accomplishments in their 2017 collections.<\/p>\n

The BIR collected a total of PHP1.777 trillion which is 97.18% higher than its revenue goal of PHP1.829 trillion.<\/p>\n

On the other hand, the BOC collected PHP457.553 billion which 97.7% of its 467,896 billion revenue target.<\/p>\n

\u201cSo they are almost a 100% of their target. Revenue generated will redound to better anti-poverty and infrastructure programs for the country,\u201d Roque said.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 Malacanang announced on Tuesday that PHP2 billion fund has been allotted for the development of the country\u2019s micro, small …<\/p>\n","protected":false},"author":33,"featured_media":136305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[978,44512,31449],"class_list":["post-148483","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-malacanang","tag-msme-development","tag-presidential-spokesperson-harry-roque","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/148483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=148483"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/148483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/136305"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=148483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=148483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=148483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}