So it is SME tourism now. Take it from former Tourism Sec. Mina Gabor who said that micro, small and medium enterprises could thrive amid the global economic crisis with the improvement of the tourism industry. I agree and it is vise versa. With the strengthening and enhancement of small scale enterprises, more tourism opportunities and attractions will be opened to the market. I have said it before, tourism is the key.
In the last general membership meeting of the Pampanga Chamber of Commerce and Industry (Pamcham) headed by Rene Romero, the talk of the day was focused on SMEs and their role in the over-all growth of the country. According to Romero, SMEs are the backbone of our economy. Gabor, for her part, said she is an advocate of SMEs. Being the president of Philippine Small and Medium Development Foundation Inc. (Philsmed), their vision is to elevate the role of SMEs in national development by increasing its contribution to the country’s gross domestic product.
Small and medium enterprises comprise of at least 99 percent of the total business in the country. These small players are key drivers to economic development in the countryside including here in Central Luzon. The small and medium businesses also employ the largest number of workers in the region. So it is only fair, prompt and timely that all sectors should focus on supporting and strengthening the small and medium entrepreneurs.
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