Buy Pinoy READ:
, Build Pinoy Month.” But House Bill 5682 is more than appropriating a particular month to celebrate Filipino products. It does not pay lip service to Filipino-made products nor does it promote economic nationalism.
Think about these. According to the 2021 List of Establishments of the Philippine Statistics Authority there are a total of 1,080,810 business enterprises operating in the country. Of these, 1,076,279 or 99.58 percent are MSMEs and only 4,531 or 0.42 percent are large enterprises. It should not be surprising then that these MSMEs generated a total of 5,461,731 jobs or 64.67 percent of the country’s total employment. They also account for 25 percent of the country’s total exports revenue.
With limited resources, MSMEs usually do not have enough resources to put into marketing and promotions. So this “ Month” and the proposed National Trade Fair to be held simultaneously in Luzon, Visayas, and Mindanao will certainly help Filipino producers, service providers, and products.
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