By THEPHILBIZNEWS STAFF
In its 10th year, the country’s first and the premier MSME Expo is expected to draw more participants to the growing number of entrepreneurs in the country.
The Philippine Business and Entrepreneurs Expo 2019, scheduled on August 30-September 1 at the Megatrade Hall 2, 5th Floor Mega B, SM Megamall, Mandaluyong City, has a lot of exciting activities and business opportunities that visitors can explore.
The annual event, which provides a spectrum of opportunities for entrepreneurs of Micro, Small and Medium Enterprises (MSME), expects to see participants from various sectors of society like OFWS, retirees, start ups and those who would like to jumpstart an existing business.
Interviewed by THEPHILBIZNEWS, a representative of organizer, ExLink Events, revealed that the Rotary International District 3800 (Philippines) and Inner Wheel District 380, will lend its support and bring more guests.
There will also be a community of businesses involved that will likely draw 10,000 visitors to the event.
MSMEs main drivers of economy
According to the Philippines Statistics Authority (PSA) in 2017, it has recorded a total of 924,721 business enterprises operating in the Philippines.
Micro, small and medium enterprises (MSMEs) account for 99.56% (920,677) of the total establishments, of which 89.59% (828,436) were microenterprises, 9.56% (88,412) were small enterprises, and 0.41% (3,829) were medium enterprises. Large enterprises made up the remaining 0.44% (4,044).
In addition, PSA also cited that the top five (5) industries in terms of the number of MSMEs in 2017 are coming from: Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles with 423,637 establishments; Accommodation and Food Service Activities with 121,740; Manufacturing with 116,071 establishments; Other Service Activities with 57,491 establishments; and Financial and Insurance Activities with 41,012 establishments.
These industries accounted for about 82.54% of the total number of MSME establishments.
PSA discovered that MSMEs generated a total of 4,922,251 jobs in 2017 versus 2,909,838 for the large enterprises. This indicates that MSMEs contributed almost 62.9% of the total jobs generated by all types of business establishments that year. Of these, 30.3% or 2,369,748 jobs were generated by micro-enterprises; 25.9% or 2,024,470 by small enterprises; and 6.7% or 528,033 by medium enterprises.
Why visit PBEX 2019?
The event generates 10,000 visitors coming from different parts of Metro Manila, Rizal Provinces and Luzon. These visitors can select from over 200 companies offering different business opportunities. Several partners associations are conducting different business conferences and learning activities inside the three-day event.
The focus of the conferences and learning events are success stories, best practices, and trends that will aid aspiring and existing business owners in growing and expanding their business.
Among the categories that will be showcased in the events are health and beauty, food franchise and dealership, technology, bank, and finance, and transportation.
The 10th Philippine Business and Entrepreneurs Expo is an important event for MSMEs in the country. For years, MSMEs benefitted from the event by getting (1) more business partners, (2) strong engagement from the target market, and (3) additional learnings and insights from other successful companies.
This event is sponsored by CDO, Brother Philippines, Citibank, Malungai LifeOil and SKYBIZ; and is supported by Ka-Entrep, The Pasig City Chamber of Commerce and Industry, Inc., Rotary International District 3800 (Zone 6 – Pasig), Rotary Club of Mutya ng Pasig, Inner Wheel Club of Antipolo Central, Philippine Marketing Association, Philippine Chamber of Commerce and Industry and the Department of Trade and Industry.
The Philippine Business and News is a media partner of the 10th Philippine Business and Entrepreneurs’ Expo 2019.