A snappy salute to the Filipino SMEs
Small and Medium Enterprises (SMEs), which comprise 99.6% of all registered businesses in the Philippines, employ 70% of the country’s workforce. However, the imposition of stringent, months-long community quarantine measures in most major cities due to the COVID-19 pandemic has had a massive, if not crippling, effect on the economy.
In April, the Philippine Statistics Authority reported staggering figures: 7.3 million and 6.4 million Filipinos have been rendered unemployed and underemployed, respectively, by the coronavirus crisis. And although basically all businesses are adversely impacted on, it is the more fragile SMEs that have taken the brunt of the economic havoc that COVID continues to wreak.
There are those, however, that refuse to throw in the towel despite the insurmountable challenges and the uphill struggle for survival. Fueled by various reasons — the business’ sentimental value, the well of optimism that just wouldn’t run dry, or the noble desire to protect its employees — these SMEs have become the real-life heroes of our floundering economy.
Aligned with its overall mission to help make local businesses flourish, families’ dreams realized, and the nation respected in the business and economic arenas, Globe myBusiness endeavors to honor and pay tribute to Filipino SMEs. Through the Saludo SMEs #ParaSaBagongBukas campaign, Globe myBusiness supports, showcases, and acknowledges the SMEs that have either remained open despite the odds, or are planning to get back on their feet despite the climate of uncertainty. Globe myBusiness, by offering digital solutions, enables SMEs to face, explore and conquer what we call the “new normal” during this time of the pandemic.
By ensuring that SMEs are duly equipped with and connected to the right technology to make them future-ready, Globe myBusiness is giving them the snappy salute that they deserve.
Para sa Bagong Bukas SME Promo
Aside from Globe myBusiness, the community also plays an integral part in the SMEs’ support system. Customers should not only patronize their products, they should also encourage others to do the same.
Globe myBusiness’ #ParaSaBagongBukas SME Promo provides a platform for the customers to do just that.
The public is rallied to show their support to the local SMEs by joining the promo. All you have to do is post on social media your photo with your favorite local SME product. By doing so, you will not only raise awareness of the product and the business, you will also help the SME get a chance to win an SME grant worth PhP50,000. As a bonus, you can also win for yourself a PhP5,000 eGC!
Five (5) entries may win the promo that runs until July 31, 2020.
Access the complete mechanics at https://bit.ly/3hlvmxf.
#SupportLocalSMEs because they help build the local economy and they employ people from the community. During this difficult time, let us allow the Filipino culture of bayanihan shine through. #ParaSaBagongBukas
Subscribe to our business newsletter
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.