Savya Financial Center, Taguig City
October 28, 2022

President Ferdinand R. Marcos Jr. underscored the importance and crucial role of Micro, Small and Medium Enterprises (MSMEs) as a driving force to the nation’s inclusive and sustainable economic recovery as he led the ribbon cutting of the SME Hub at Savya Financial Center in Taguig City.

“It is our MSMEs that deliver novel and innovative products and services, address the needs of many underserved communities, and generate gainful opportunities for our people,” the President said, noting that MSMEs accounted for 99.5% of all business establishments in the Philippines.

Around five (5) million Filipinos were able to secure jobs through MSMEs that give them opportunities to grow. This, according to the President, makes MSMEs a powerful sector and affirms the significance of government’s constant investment in it.

With the establishment of the new SME financial hub, President Marcos Jr. said that this venture gives Filipinos the right venue to find and create meaningful chances to expand their businesses. He also emphasized that this serves as a testament of a fruitful collaboration between the government and private sector.

“With the potential it holds, this place, and all the transactions that will arise therefrom, will be highly valuable in further empowering SMEs in the country — a move that is in line with our national goal of advancing growth and development,” he remarked.

Likewise, the Chief Executive reiterated the Administration’s continuous commitment in supporting MSMEs and streamlining existing processes to make businesses easier to thrive. He vowed to initiate programs to give Filipinos enough resources to jumpstart their business plans, particularly in aiding them on the effects caused by the COVID-19 pandemic.

“I now encourage all of our MSMEs to avail of the existing financial assistance and facilities we have provided together with our partner institutions, so that you may maximize your growth potential,” President Marcos Jr. said.

Situated at the heart of Taguig City’s business district, the Savya Financial Center showcases amenities, smart-building features and world-class design that serve as an avenue for SMEs to expand and grow their businesses. The building itself promotes sustainability, productivity and connectivity, as well as opportunities for all Filipinos to thrive and prosper.

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