House Bill No.5 and Senate Bill No. 1421: Puhunan, Tulungan,Kaunlaran (PTK) Act
HOUSE BILL NO. 5 and SENATE BILL NO. 1421: PUHUNAN, TULUNGAN, KAUNLARAN (PTK) ACT - Proposed Bills to Institutionalize Microfinance Programs and Access to Capital to Support and Grow Micro, Small, and Medium Enterprises (MSMEs) From the Explanatory Notes of each Bill, it can be gathered that MSMEs make up an immense portion of the business sector, with the large enterprises consisting of a small percentage of the business pie in the Philippines. Despite recognizing the vital and important role of MSMEs in the economic growth of the Philippines, however, this…