Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Council renews commitment to SME digitalization

THE US-ASEAN Business Council (US-ABC) has renewed its commitment to implement an online platform to support the digitalization of ASEAN small and medium enterprises (SMEs).

US-ABC’s government partners in signing a memorandum of understanding (MoU) are the Department of Trade and Industry (DTI) and the Philippine Trade Training Center (PTTC).

US-ABC signed the agreement during the 15th ASEAN Coordinating Committee on micro, small, and medium enterprises (ACCMSME) meeting, which started on May 22.

Participants were briefed on the progress made in rolling out the ASEAN SME Academy 2.0 online platform.

“This renewal of commitment to implement the ASEAN SME Academy is very timely — especially after what we have all gone through in the past couple of years. When almost everyone were required to stay at home, online learning boomed to widespread popularity,” Trade Undersecretary Blesila A. Lantayona said. 

“(Even though) we have returned to face-to-face ACCMSME meetings, online learning platforms such as the ASEAN SME Academy are here to stay,” she added.

The amended MoU was signed to assign new roles to US-ABC, the DTI’s Bureau of SME Development, and the PTTC’s Global MSME Academy following changes arising from a revamp of the website.  

“The MoU demonstrated a significant commitment from the US-ABC and ACCMSME, formalizing the continuity of collaboration for ASEAN SMEs, the ASEAN SME Academy. This MoU acts as an amendment from the previous MoU that was signed in 2019,” US-ABC said.

According to US-ABC, ASEAN SME Academy 2.0 offers a new website, a self-certification feature, broader availability in ASEAN languages, a US-ASEAN SME community feature, and an upcoming business continuity and resilience tab.

Launched in 2016, the ASEAN SME Academy hopes to facilitate the digital transformation of ASEAN SMEs. The online platform was relaunched on April 8, 2022.

“We believe with the amended MoU, the ASEAN SME Academy platform could expedite the digital transformation in the region for SMEs, considering they are the backbone of the economy,” US-ABC Chief Operations Officer Margaret Hanson-Muse said. — Revin Mikhael D. Ochave

You May Also Like

Editor's Pick

THE BOARD of directors of Ayala-led ACEN Corp. has approved the availing of credit facilities amounting to about P7.8 billion from two financial institutions....

Editor's Pick

STOCK PHOTO Image by StockSnap from Pixabay HYDERABAD – When Saloni Singh was little, she would beg then brawl with her brother for a turn on...

Editor's Pick

HOLCIM PHILIPPINES FACEBOOK PAGE LOCAL cement manufacturer Holcim Philippines, Inc. has partnered with South Korean cement and concrete producer Sungshin Cement Co. Ltd. to...

Editor's Pick

MPIC Metro Pacific Investments Corp. (MPIC) reported on Wednesday a consolidated core net income of P4.3 billion in the first quarter, up 38% from...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.