With entrepreneurship as the “true engine” of growth, an economic adviser on Saturday, Nov. 12, hailed the leaders of the 10-member ASEAN for putting MSMEs and their digitalization at the core of the region’s economic recovery and progress.
With entrepreneurship as the “true engine” of growth, an economic adviser on Saturday, Nov. 12, hailed the leaders of the 10-member Association of Southeast Asian Nations for putting micro, small, and medium enterprises and their digitalization at the core of the region’s economic recovery and progress.
President Ferdinand “Bongbong” Marcos Jr. attended the high-level meetings in Phnom Penh during the week. “We’re all moving in the same direction,” he said as he noted how the ASEAN leaders affirmed that digitalization among MSMEs can enhance competitiveness and productivity across the region.“To upgrade, upskill, and upsize our MSMEs, digital transformation is vital,” the Chief Executive said in his address at the ASEAN Business and Investment Summit .
In his recommendation, he listed economic integration as a “priority” to achieve faster economic resilience at national and regional levels. “Our goal is to scale up our MSMEs through access to what we call the three M’s of MSME development – that is, mentorship, money and market – using both traditional and digital platforms,” he furthered.
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