Banks and the big companies can increase their profits without hiring more people or increasing the number of people in factories. If you really want job creation, then you have to improve the production of goods,” she told PhilStar.com. The data from the Department of Trade and Industry indicate how crucial micro, small and medium enterprises (MSME) are to the local economy. The DTI said that as of 2011, there were already 820,255 business establishments operating in the country and of the number, 99.6 percent or 816,579 are MSMEs and only 0.4 percent or 3,496 are large enterprises.
