2 leading presidential bets, good for MSMEs: Concepcion

By Kris Crismundo

February 22, 2022, 3:54 pm

<p><em>File photo</em></p>

File photo

MANILA – Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion said presidential aspirants former senator Ferdinand Marcos Jr. and Vice President Leni Robredo “will be good” for small-scale businesses.
 
“Judging from the platforms they have presented on Go Negosyo’s KandidaTalks forum, both of them understand and prioritize the development of the MSME (micro, small and medium enterprises) sector,” he said in a statement Tuesday.
 
Concepcion said whoever wins the top government position, the next administration should prioritize poverty alleviation, MSME development, creating prosperity, and greater quality for all.
 
“One of the biggest challenges that we face is the level of poverty in this country. To create prosperity for every Filipino, MSMEs have to be among the top focus of the next administration,” the adviser to President Rodrigo Duterte said.
 
Concepcion recalled both plans for Marcos and Robredo during the KandidaTalks forum.
 
He cited Marcos’ plans for MSMEs include allocating a portion of internal revenue allotments to MSMEs, granting tax amnesty to those heavily impacted by the pandemic, rationalizing taxation for small businesses to encourage them to pay their taxes, and building MSMEs’ credit rating.
 
On the other hand, Robredo’s plans include a PHP100-billion stimulus package for MSMEs as part of coronavirus disease 2019 (Covid-19) recovery program, providing small-scale businesses with special loans to prepare their businesses for the new normal, giving MSMEs better access to credit, and integrating them into public procurement program.
 
“I am very hopeful that should either one become the next President of the Philippines, it will be good news for our small entrepreneurs,” Concepcion added. (PNA)
 

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