Philippines: Trade measures in 17th Congress need close scrutiny – industry leaders

  • Aug 14, 2016

Philippines: Trade measures in 17th Congress need close scrutiny – industry leaders

Monday, August 14, 2016 – A RAFT of trade-related measures filed in the 17th Congress must be closely monitored by stakeholders, particularly the micro, small and medium enterprises (MSMEs), industry leaders have urged.
Among the bills introduced in the Senate is Senate Bill (SB) 264 or “An Act Instituting Reforms to Further Protect and Develop Micro, Small and Medium Enterprises, Amending for the Purpose Executive Order (EO) 81, also known as the 1986 Revised Charter of the Development Bank of the Philippines, As Amended.”
In his explanatory note, Sen. Ralph Recto said the bill seeks to amend the DBP Charter mandating it to devote 80 percent of total loan portfolio (TLP) to the programs and projects of MSMEs and local government units.
This will “effectively channel financial resource Trade-related draft bills filed in 17th Congress need close scrutiny Read More?