Sen. Aquino lauds MSMEs in Naga City

Other News

Source: Philippine Information Agency

NAGA CITY(June 29) — Sen. Paolo Benigno “Bam” Aquino, during his visit here gracing the Negosyo Forum Thursday last week, has challenged entrepreneurs to help move the country forward by realizing the government’s dream of empowering small and medium scale businesses in the country.

Aquino keynoted the froum sponsored by the Metro Naga Chamber of Commerce and Industry (MNCCI).

The young solon lauded the presence of cooperatives, business owners and private corporations during the event saying that their presence is a testimony of their interest to pursue business and be a productive part of the society.

“Our local managers and small economic players are one of the prime movers of our economy. They are the potent forces behind the flourishing economic prominence that our country is experiencing now. If there is one fulfilling law that was enacted, it will be the Negosyo Act which is now reaping its bountiful fruits.”

Aquino was the man behind the signing of Republic Act (RA) No. 10644 into law. Dubbed “Go Negosyo” Act, this piece of legislature endeavors to strengthen micro, small, and medium enterprises (MSMEs) basically to create and generate more jobs and employ more workforce in the country.

As envisioned, there will be more Negosyo Centers nationwide in the upcoming years in addition to those already established in the country, through the help of the Department of Trade and Industry (DTI) offices nationwide, private business corporations and local government units.

City Mayor John Bongat pointed out that the establishment of Negosyo Centers in various parts of the country has filled the gap where the existing institutions cannot address.

“Naga, consistent with its declaration as a business-friendly city, understands every need of our local entrepreneurs, that’s why we see to it that their concerns are being addressed by the local government. We are happy that we have partners like the MNCCI that links us to proper channels so we can start and roll businesses here in the city,” Bongat stated.

MNCCI President Gilbert N. Albero also cited that MSMEs are the key growth drivers of the country, adding that their strong presence in the community will largely contribute in nation building.

“Collaboration is the new competition. MNCCI believes that the secret lies in moving forward as one team towards one direction. Let us compliment, rather than compete. The collective impact that we can create can propel our country towards financial independence.”

MSMEs role is to strengthen low income earners and support aspiring entrepreneurs. It also aims to acknowledge the full potential of small businesses and eventually develop both business equity and personal assets over a specific period of time. (MAL/LSM-PIA5/Camarines Sur)