With Quezon City, we now have 31 CSFs: 14 in Luzon, 7 in the Visayas and 10 in Mindanao. We look forward to seeing the benefits of CSF in Quezon City, our country’s biggest city in terms of population.
The importance of MSMEs to our country and our people cannot be overemphasized: they account for 35.7% of our economy as measured by GDP, constitute 99.6% of registered firms and employ 62% of our workforce. In other words, additional support granted to MSMEs will have strong multiplier effects.