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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Baguio Country Club
Department of Tourism – CAR
University of Baguio
Venus Parkview Hotel

Congressman Mark O. Go
Department of Health – CAR
Kings College of the Philippines
Lepanto Consolidated Mining Company
Mayor Mauricio G. Domogan
Narda’s Handwoven Arts & Crafts Inc.
Philex Mining Corporation
Pines City Colleges
Province of Benguet
Sangguniang Panlungsod
SM City Baguio
Social Security System

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Central University
Baguio Heart and Lung Diagnostic Center Inc.
Baguio Memorial Chapels Incorporated
Baguio Water District
Bureau of Fisheries and Aquatic Resources – CAR
C & Triple A Supermart
Congressman Ronald M. Cosalan
Curamed Pharmacy
Data Center College of the Philippines of Baguio City Inc.
Department of Agriculture – CAR
Department of Environment and Natural Resources – CAR
Department of Trade and Industry – CAR
Department of Transportation – CAR
Easter College Incorporated
Fabulo Beauty and Image Salon
Fast East Pacific Commercial
Filipino–Japanese Friendship Association of Northern Luzon, Inc.
GMS Technology
Immigration Network Services, Inc.
La Funeraria Paz, Inc.
Mayor Romeo K. Salda
MMS Development Training Center Corporation
Mother Earth Deli Basket
National Economic & Development Authority–CAR
Overseas Workers Welfare Administration
Philippine Science High School – CARC
R.A. Gapuz Review Center
Regional Tripartite Wages and Productivity Board – CAR
Solibao – Ganza Restaurant
Technical Education and Skills Development Authority

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