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Gov’t to vigorously promote ‘buy local’ movement to help small businesses

By Genalyn Kabiling

In line with efforts to stimulate the economy, the government is vigorously promoting the “buy local” movement to support small businesses and enhance domestic tourism.

President Rodrigo Roa Duterte updates the nation on the government's efforts in addressing the coronavirus disease (COVID-19) at the Malago Clubhouse in Malacañang on May 28, 2020. (ACE MORANDANTE/PRESIDENTIAL PHOTO/MANILA BULLETIN)

President Rodrigo Roa Duterte
(ACE MORANDANTE/PRESIDENTIAL PHOTO/MANILA BULLETIN)

President Duterte recently announced that the Department of Trade and Industry (DTI) will spearhead a campaign urging people to patronize products and services of local businesses especially micro, small, and medium enterprises.

“As the country restarts the economy after disruptions caused by the COVID-19pandemic, the DTI is endeavoring to boost our local products and industries to drive growth,” Duterte said in his 12th weekly report to Congress.

“The DTI will launch a national media campaign to encourage Filipinos to support local products and services of MSMEs through its ‘Buy Local, Go Lokal!’ Campaign under the campaign slogan ‘Shop Local. Eat Local. Travel Local. Buy Local.Go Lokal!'” he said.

According to the President, the buy local campaign will be “a call for Filipinos to patronize locally-made products and boost domestic tourism. ”

He noted that the “Go Lokal!” products will also be made available for online orders and delivery in partnership with Lazada.

In the same report to Congress, the President disclosed that the trade department has extended loan assistance to aid small businesses recover from the impact of the coronavirus quarantine measures.

“Under its Pondo sa pagbabago at Pag-Asenso – COVID-19 Assistance to Restart Enterprises (CARES) Program, the DTI received a total of 9,817 inquiries from05 June to 11 June 2020, while the Small Business Corporation’s online application, which was launched on 08 June 2020, received a total of 753 loan applications,” he said.

“Of the total number of online applications, 75.2% (566) are from Luzon, 16% (121) from Mindanao, and 8.8% (66) from Visayas. To date, 12 loan applications with an aggregate amount of P1.220 million have been approved and released,” he said.

The government has gradually relaxed the quarantine restrictions in Metro Manila and other places in the country, allowing more businesses to resume operations and reboot the stalled economy. The strict lockdown previously enforced by the government had forced some shops to scale down operations or close down as well as displaced many workers.


Source: Manila Bulletin (https://news.mb.com.ph/2020/06/19/govt-to-vigorously-promote-buy-local-movement-to-help-small-businesses/)

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