Thursday, September 14, 2006

CY 2006 - Halad sa Siquijodnon Trade Fair (September)



The Halad Siquijodnon Fair and Exhibit on September 14-17 is bigger, presenting a wider and more diverse range of products and services.

In conjunction with this provincial celebration, the Small and Medium Enterprise Council (SMEDC) of Siquijor, the Provincial Government of Siquijor, and the six municipalities of the province will be organizing the annual Halad Siquijodnon Fair and Exhibits.

The event will be held on the grounds of the St. Francis of Assisi Church in Siquijor, Siquijor.

The booths of the LGU shall feature the identified One Town, One Product of the municipalities.

It is widely accepted that Micro, Small and Medium Enterprises or MSMEs play a very important and significant role in the economic and social development of a country.

As a sector, MSMEs account for 99 percent of total establishments in the country and employ 69 percent of the labor force.

The Philippine government saw the potential of MSMEs as a tool for poverty alleviation and as an engine for the nation’s growth.

It saw the importance of MSME development and promotion in sustaining the robust 6.4% first quarter growth in the country’s gross domestic product, the highest in 16 years.

For these reasons, the government is assisting the Philippine SMEs to be at par or better than the performance level of comparable Asian enterprises in terms of value added, employment, number of establishments, and production volume.

It is the policy of the government to hasten the country's economic development by encouraging the formation and growth of barangay micro business enterprises that effectively serve as seedbeds of Filipino entrepreneurial talents, and integrating those in the informal sector with the mainstream economy.

A priority program of President Arroyo, the OTOP promotes entrepreneurship and creates jobs. OTOP-Philippines encourages the country’s micro, small and medium enterprises (MSMEs) to produce and market distinct products or services using indigenous raw materials and manpower.