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The PBBM considers a PPP-style “support mechanism” for MSMEs

Cebuano Cebuano English English Filipino Filipino

On Sunday, President Ferdinand R. Marcos encouraged the Department of Trade and Industry (DTI) to build a “support structure” in the manner of a public-private partnership (PPP) to aid the growth and development of start-ups and micro, small, and medium firms (MSMEs).

According to a news release from Malacanang, Marcos brought up this suggestion at a situation briefing with the DTI-Western Visayas regional office on Sunday, which was held in conjunction with the Negros Occidental tour.

“We ought to be prepared to extend our assistance. According to Marcos, there should be a support system to help MSMEs and start-ups by providing access to new networks and introducing them to the digital world so they may contact private enterprises for assistance.

In order to assist start-ups and MSMEs in growing and sustaining their operations, he said the DTI-Western Visayas should find a means to link them with private financiers and investors.

Because there are so many excellent enterprises, he continued, “make people aware of them so we can find individuals to collaborate with them.”

Marcos reaffirmed the government’s “commitment to work hand-in-hand with all stakeholders to ensure that MSMEs are safeguarded and given enough chances” in his first State of the Nation Address (SONA).

Change EPIRA

Marcos also participated in discussions regarding changing the Electric Power Industry Reform Act (EPIRA) to incorporate renewable energy sources and reduce the cost of electricity.

This comes after Bacolod City Mayor Albee Benitez revealed that they were considering forming joint ventures with solar power providers in order to be able to purchase the electricity at a lesser cost.

According to Benitez, the EPIRA rule forbids manufacturers from selling directly to consumers in favor of the grid.

Marcos asked Bacolod City to seek the ERC’s perspective, stressing that the ERC’s viewpoint would serve as the foundation for an adjustment to the EPIRA Law.

One of the top legislative priorities authorized at the most recent Legislative-Executive Development Advisory Council (LEDAC) meeting in Malacanang is potential changes to the EPIRA statute.

The ERC is required by EPIRA to support competition, foster market growth, guarantee consumer choice, and sanction market power abuse in the electrical sector.

Cebuano Cebuano English English Filipino Filipino

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