Senator Sherwin 'Win' Gatchalian is seeking congressional declaration of a “National Micro, Small, and Medium-Enterprise (MSME) Week” from June 27 to July 2 every year in a bid to generate much-needed support for small business owners. ManilaBulletin
Senator Sherwin "Win" Gatchalian is seeking congressional declaration of a “National Micro, Small, and Medium-Enterprise Week” from June 27 to July 2 every year in a bid to generate much-needed support for small business owners.
Gatchalian filed Senate Bill No.949, which aims to recognize the indispensable role of MSMEs in nation-building, encouraging private enterprise, and promoting entrepreneurial spirit. Gatchalian emphasized that the observation of the proposed MSME Week is also in line with a resolution adopted by the United Nations General Assembly in 2017, recognizing June 27 as World MSME Day.
MSMEs account for about 90 percent of businesses, 60 percent to 70 percent of employment, and 50 percent of gross domestic product worldwide.
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