Manila: A six-year pact that will help further empower women entrepreneurs was signed between the officials of the Department of Trade and Industry (DTI) and the WomenBizPH on Monday, ensuring financing and capacity building for micro, small and medium enterprises (MSMEs).
According to Philippines News Agency, the memorandum of agreement outlines that the DTI will provide training, slots in trade exhibits, and participation in women-focused economic and business meetings at regional and international levels through Negosyo Centers. WomenBizPH will establish representation in DTI regional offices, provide updates on business trends, industry developments, and challenges affecting women in business, and develop a mentorship hotline for women-led enterprises.
Trade and Industry Secretary Ma. Cristina Roque emphasized the importance of empowering women entrepreneurs, highlighting their contributions to family income and financial stability. She noted that dual-income households have better financial security and opportunities for a higher quality of life. Roque also mentioned that women-led businesses and empowerment are a focus of the Philippines' chairship of this year's ASEAN Summit, encouraging the utilization of opportunities arising from ASEAN 2026.
WomenBizPH President Rosemarie Bosch-Ong stated that the new agreement reinforces previous collaborations between the business group and the DTI dating back to 2017. She emphasized the role of small businesses as the backbone of the economy and the need to provide them with knowledge, networking opportunities, and market access both locally and globally.
Ong also highlighted the significance of partnerships with private entities, which help small entrepreneurs leverage technology and access growing online markets. She stressed the importance of adapting to digital transformation to enhance efficiency and business growth.
In related news, Converge SME Solutions recently launched its BizFriend Rewards, an MSME loyalty and engagement program aimed at driving business success through connectivity, rewards, experiences, and growth opportunities. Converge Senior Vice President Dindo Marzan mentioned that they currently have around 80,000 SME clients, with a goal to reach 100,000 by the end of 2026, aided by their loyalty program.
