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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PWU Baguio
Technical Education & Skills Development Authority – CAR
University of Baguio

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Bureau of Fisheries and Aquatic Resources – CAR
Congressman Ronald M. Cosalan
Department of Health – CAR
John Hay Management Corporation
National Grid Corporation of the Philippines
New Media Services
Pag–IBIG Fund
Pines City Colleges
Sangguniang Panlungsod

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Water District
Choobi Choobi
Congressman Mark O. Go
Councilor Leandro B. Yangot Jr.
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Public Works and Highways – CAR
Department of Science and Technology
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
Ganza & Solibao Restaurants
Gen. Benjie B. Magalong
GMS Technology
Governor Crescencio C. Pacalso
Mayor Mauricio G. Domogan
Mayor Romeo K. Salda
Mother Earth Deli Basket
Nagomi Spa
Narda’s / Sunflower Ridge
Northern Luzon School for the Visually Impaired, Inc.
Our Lady of Mt. Carmel Montessori, Inc.
Philex Mining Corporation
Police Regional Office – CAR
Regional Development Council – CAR and National Economic and Development Authority – CAR
Regional Tripartate Wages and Productivity Board – CAR
SN Aboitiz
Tony Boy Tabora
Veterans Bank

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