{"id":90626,"date":"2017-02-21T19:50:27","date_gmt":"2017-02-22T00:50:27","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=90626"},"modified":"2017-02-21T19:50:27","modified_gmt":"2017-02-22T00:50:27","slug":"pcci-pushes-for-better-financing-to-msmes","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/02\/21\/pcci-pushes-for-better-financing-to-msmes\/","title":{"rendered":"PCCI pushes for better financing to MSMEs"},"content":{"rendered":"
\"The<\/a>
The country\u2019s largest business group, Philippine Chamber of Commerce and Industry (PCCI) has pushed for better access to financing facilities among micro, small, and medium enterprises (MSMEs). (Photo: ECCP – European Chamber of Commerce of the Philippines\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u2014The country\u2019s largest business group, Philippine Chamber of Commerce and Industry (PCCI) has pushed for better access to financing facilities among micro, small, and medium enterprises (MSMEs).<\/p>\n

During the PCCI General Membership Meeting in Makati City on Tuesday, PCCI President George Barcelon reiterated the economic contribution of MSMEs in the country.<\/p>\n

Barcelon said that the sector shared 99 percent of the total business establishments in the country while employing about 60 percent of the total jobs in the country.<\/p>\n

Despite its significant contribution in the economy, lack of access to finance remains a problem to local MSMEs.<\/p>\n

Presidential Adviser on Entrepreneurship Jose Ma. Concepcion III said rural banks should be strengthened in order to facilitate financing to the sector.<\/p>\n

Concepcion aims to have more financial facilities available for MSMEs in the market, so that competition increases while pushing interest rates to go down.<\/p>\n

On the sidelines of the event, he told reporters that he favored the \u20185-6\u2019 lending scheme to continue.<\/p>\n

\u201cIn my own way I have a different view. Let the \u20185-6\u2019 continue, provided that that particular need is still being met because there are some people whose credit is not that good and they\u2019d rather borrow from 5-6,\u201d said Concepcion.<\/p>\n

\u201cThe more money, the more lending that is flushed out in the system,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014The country\u2019s largest business group, Philippine Chamber of Commerce and Industry (PCCI) has pushed for better access to financing facilities …<\/p>\n","protected":false},"author":33,"featured_media":90631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[15566],"class_list":["post-90626","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-philippine-chamber-of-commerce-and-industry","mauthors-kris-m-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/90626","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=90626"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/90626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/90631"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=90626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=90626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=90626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}