How does the Philippines fare against other Asean member states (AMSs) in terms of providing support for small and medium enterprises (SMEs)? Dubbed Asean SME Policy Index 2014: Towards Competitive and Innovative Asean SMEs, the report presents the SME development policies and actions implemented by the 10 Asean countries, compares their experiences and performance, checks whether they have been consistent with the policy guidelines of the Asean Strategic Plan for SME Development (2010-15), and proposes reforms that these countries ought to put at the top of their priorities. The SME Policy Index is composed of several policy dimensions, each of which is subdivided into a number of sub-dimensions. Fortunately, the Philippines can learn from the good practices of other Asean countries in terms of supporting their SMEs. I will discuss how the Philippines fared in the other dimensions of the SME Policy Index soon.

Source: Manila Times May 08, 2017 16:30 UTC