The House of Representatives remains firmly committed to the effort of helping micro, small and medium enterprises (MSME) grow to create job and income opportunities for the people, as it recognizes the crucial contribution of small businesses to the economy, Speaker Ferdinand Martin G. Romualdez said. The Speaker issued the…
The House of Representatives remains firmly committed to the effort of helping micro, small and medium enterprises grow to create job and income opportunities for the people, as it recognizes the crucial contribution of small businesses to the economy, Speaker Ferdinand Martin G. Romualdez said.
“As the Speaker of the House, I pledge my commitment to this mission, confident that our collective efforts, our entrepreneurs’ resilience, and the Filipino people’s support will ensure its realization,” he said. “Our initiatives—simplified business registration, tax reform, affordable financing, and digital infrastructure investment—reflect this commitment. We are convinced that reducing these barriers will unlock our MSMEs’ full potential, fostering their growth and furthering national progress,” he added.
The GUIDE Act, of which Speaker Romualdez is one of the principal authors, obligates government financial institutions like the Land Bank of the Philippines and the Development Bank of the Philippines to assist small businesses and “strategic” companies.
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