Last week

Last week, I talked about how the Philippines’ guide for small and medium establishments (SMEs) become a bit above common when compared to other Asean member states (AMSs). This is in step with the Asean SME Policy Index 2014. In terms of institutional framework, the first coverage dimension, it scored noticeably nicely in phrases of intra-governmental coordination in coverage method, and in having a innovative and effective coverage-executing organisation [kudos to the Department of Trade and Industry], but fared poorly in facilitating the transition of SMEs from the informal to the formal zone.

In this newsletter, we focus on the second one and 1/3 policy dimensions: access to support services; less expensive and faster start-up and higher regulation and law for SMEs. In terms of access to assist offerings, the Philippines scored three.Eight out of 6.Zero, that’s a little higher than the Asean average of three.6. Those that scored better than common are Singapore (five.Four), Malaysia (four.8), Indonesia (four.Zero), and Thailand (3.8). In phrases of the particular sub-dimensions, the authorities did tremendously properly in terms of getting a one-prevent save enterprise improvement middle (four.0), advertising of E-trade (four.Zero), and promotion of E-government offerings. It wishes to enhance at the government’s motion plan on development of SME guide offerings (3.5), and at the first-class of its online portals for SMEs (3.Five).

Worth noting below get right of entry to to support offerings are DTI’s one-forestall shop commercial enterprise improvement centers that offer customized service for SMEs, consisting of advisory and consulting offerings in productivity improvement, generation upgrading, product and marketplace improvement, financing and entrepreneurial improvement. It has one hundred and one commercial enterprise action centers in extraordinary provinces across the u . S .. The government has also set in vicinity the assisting regulation to foster e-commerce thru the passage of the E-Commerce Act, which spells out government regulations on electronic transactions and sets the legal framework for the u . S .’s participation in e-trade and for the use of ICT in popular. It turned into talked about, even though, that local e-commerce “has but to step out of its nascent levels.”

In terms of less expensive and quicker start-up and higher law and regulation for SMEs, the Philippines scored three.0 out of 6.0, which is below the Asean common of 3.6. We best scored better than Myanmar (2.Nine), Lao PDR (2.7), and Cambodia (2.1). The Philippine rating was pulled down by means of its extremely low scores within the following areas: of entirety of the general registration technique and entry in operations (2.Eight), evaluation and change of legislations and rules (2.Five), use of Regulatory Impact Analysis (1.5), and quantity of steps for finishing the overall registration manner, along with compulsory licenses for popular enterprise activities (1.Zero).