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Shop in the new normal via a digital mall


Published February 2, 2021, 3:52 PM
If there is one thing the COVID-19 pandemic has taught us, it is that things will never be the same again. Working from home will continue to be the norm. Children will continue with online learning and people will try as much as possible to stay at home and see what kind of services they can avail of online.
In such an environment, businesses need to innovate in order to make it in the new normal. They will have to look for other means to market their goods and services. This is especially true for those who own mall-based businesses. People will now think twice about going to the mall and are now looking for alternatives. ....

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A boost to the future of MSMEs


 
As of May 2019, 99.56 percent of business establishments in the country were MSMEs. From around 900,000 in 2017, it further grew to 1.42 million, 90 percent are essentially microenterprises with total assets of below P3 million and with less than 10 employees. Data from the Department of Trade and Industry (DTI) showed that about seven out of every 10 employed Filipinos work in an MSME-owned business.   
 
The DTI estimated that in 2018, MSMEs were responsible for contributing 40 percent to the Gross Domestic Product (GDP), while providing 5.7 million jobs or 63.2 percent to the country’s workforce.   
Recognizing the MSME sector’s invaluable contributions to the economy and employment, the DTI launched the  “Go Lokal” program, a free-market access platform for MSMEs supported by select retail partners.   ....

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