Support from local businesses

Business groups were happy with President Aquino’s pronouncements during his State of the Nation Address (SONA), but said they wanted to hear more about the government’s plan to provide support for local enterprises.

Philippine Exporters Confederation, Inc. (PhilExport) president Sergio Ortiz-Luis Jr. said that they were hoping to hear plans to extend more support to businesses and exporters.

Ortiz-Luis said small and medium enterprises are finding it difficult to avail themselves of loans due to the requirements set by banks.

“We hoped he would have mentioned export support since he already mentioned the BPO (business process outsourcing) sector, which is a dollar earner, too,” he said. (Philstar)