Search results
Results From The WOW.Com Content Network
OTOP is a priority stimulus program for Micro and Small and Medium-scale enterprises (MSMEs) as government's customized intervention to drive inclusive local economic growth. It enables localities and communities to determine, develop, support and promote culturally-rooted products or services where they can be the best at or best renowned for.
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee , cavendish banana , pineapple and pineapple products, coconut , sugar , and mango . [ 1 ]
The Philippine House Committee on Micro, Small and Medium Enterprise Development, or House Micro, Small and Medium Enterprise Development Committee is a standing committee of the Philippine House of Representatives.
Target 9.3 is: "Increase the access of small-scale industrial and other enterprises, particularly in developing countries, to financial services including affordable credit and their integration into value chains and markets". [14] It has two indicators: "Proportion of small-scale industries in total industry value-added"
The Philippine government is preparing for the cocoa shortage by the year 2020 and aims to increase production to 100,000 metric tons. [31] Although the Philippines is failing to meet the local demand of 30,000 metric tons, the strong effort and government support is sure to make an impact in years to come.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.