Issue of November 12, 2017
Mt. Province

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DTI assures ASEAN not a threat to local businessmen

The Department of Trade and Industry is boosting the competitiveness of micro, small and medium  enterprises (MSMEs) as the country gears up for the ASEAN Economic Community (AEC).

The DTI Cordillera hosted a regional MSME development summit dubbed “7Ms towards shared prosperity in ASEAN, the Cordillera MSME challenge” attended by over 500 trade and industry stakeholders on Nov. 7 at Hotel Supreme, Baguio City.

DTI Usec. for Regional Operations Zenaida Maglaya said entrepreneurs must look at the ASEAN Economic Community not as a threat but instead an opportunity to expand business undertakings.

“As our country opens the market to ASEAN members, we are also working to boost the competitiveness of Philippine produce in the Southeast Asia region and the global market as well,” Maglaya said.

She added that over 90 percent of the country’s trade and industry stakeholders are MSMEs so they are strengthening programs and services and partnership with local government agencies and private partners, such as regional chambers of commerce and MSME development councils, in boosting MSMEs through capacity building activities.

The   summit focused on the 7Ms that can boost the competitiveness of the country’s MSMEs, namely mindset (to be entrepreneur); mastery (continuous learning towards competitiveness and resiliency); mentoring (through learning lessons and sharing of actual entrepreneurship good practices and experience); money (the financial side of going into business); machines (equipment and facilities to boost product standards and productivity); market; and models (of what good businesses to invest on).

Invited speakers are known entrepreneurs and trade and industry stakeholders who shared their experiences on how they started in the business, the hardships and challenges they encountered before they succeeded in their undertaking.

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Albergo Hotel and Residences
Baguio Country Club
University of Baguio
Venus Parkview Hotel

Baguio Central University
Benguet Electric Cooperative Inc.
Cong. Mark O. Go
Cong. Ronald Cosalan
Department of Education – CAR
Department of Health – CAR
Gov. Crescencio Pacalso
Lepanto Consolidated Mining Company
Narda’s and Sunflower Ridge
National Grid Corporation of the Philippines
Pines City Colleges
Sangguniang Panlungsod
SM City Baguio
University of the Philippines Baguio

Assumption Medical and Diagnostic Center
Baguio Center Mall
Baguio Water District
BSBT College, Inc.
Bureau of Internal Revenue
BVS Colleges
C &Triple A Supermart
Councilor Edgar M. Avila
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Interior and Local Government – CAR
Department of Public Works and Highways – CAR
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
GMS Technology
John Hay Management Corporation
King’s College of the Philippines
La Funeraria Paz, Inc.
Mayor Mauricio G. Domogan
Mother Earth Deli Basket
Overseas Workers Welfare Administration – CAR
Philex Mining Corporation
Police Regional Office – CAR
STI Baguio

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