Manila, October 3, 2024 – The Philippine Chamber of Commerce and Industry (PCCI) continues to champion the interests of micro and small enterprises (MSMEs) across the country. Here are some recent developments:

1. Credit Rating Index Framework for SMEs: PCCI Vice President Perry Ferrer announced an exciting initiative aimed at empowering small businesses. The PCCI is spearheading the development of a credit rating index specifically tailored for SMEs. This move seeks to provide these enterprises with better access to loans from established financial institutions¹.
2. Recognition for Tarlac Chamber: The Department of Trade and Industry (DTI) recently lauded the PCCI Tarlac chapter for its unwavering support to MSMEs. The Tarlac chamber’s efforts have made a significant impact on local businesses, fostering growth and resilience in the face of challenges².
3. Funding Challenges Persist: Despite progress, funding remains a hurdle for many Philippine micro and small enterprises. PCCI President Enunina V. Mangio highlighted that meeting requirements from both government and private lenders continues to be a struggle. The PCCI aims to address this issue and create an enabling environment for business growth³.

Stay tuned for more updates as the PCCI continues its mission to strengthen the Philippine business landscape! 🚀