6th Philippine Business and Entrepreneurs Expo (PBEX), a Platform for SME ReadinessWednesday, July 01, 2015
A 2013 survey by the Philippine Institute for Development Studies (PIDS) showed that Small and Medium Enterprises (SME) weak economic performance is due to “poor access to finance, technology, and skills, as well as information gaps and difficulties in product quality and marketing. Although there are government institutions or agencies responsible for the development and technology support of SMEs, the growth of the sector has not been vigorous enough to propel the economy.”
These challenges are still the same challenges the Philippine SME are facing, even now that the ASEAN Economic Integration is on our country.
The 6th Philippine Business and Entrepreneurs Expo (PBEX) slated this July 17-19, 2015 at Megatrade, SM Megamall is a trade event and a educational forum where issues of the SMEs will be discussed and answered by invited resource speakers expert in the ASEAN Integration and SME situation of the country.
The 6th PBEX holds three conferences as its highlight. The ASEAN SME Business Conference on July 17 – a forum that will discuss ASEAN Integration and its impact to SMEs; the Business Readiness and Disaster Preparedness Summit on July 18 – a timely forum that will discuss the critical actions to take during business emergencies; and the Travel Business Forum on July 19 – a forum that will tackle exciting opportunities and situations that ASEAN Integration presents to the tourism industry of the country.
Other educational activities include: Cash Flow Seminar, Asenso Pinoy Business Forum and Ka Entrep Summit and Negosyo Power Seminars.
More than 100 companies are participating in the event they belong to the following categories: Finance, Food, Franchising, Property, Beauty and Wellness, Transportation and Services.
In a study in 2006, the country’s economy is dominated by the micro, small and medium enterprises (MSMEs) dominated the economy and accounted for almost 99.6% of the total number of establishments. Despite this huge number, they only accounted for 61.2% of the country’s total employment and 35.7% of total value added.
In addition, the study revealed that in spite of present programs and policies created for SMEs, access to finance has remained one of the most critical factors affecting the competitiveness of the sector. Many private banks are still reluctant to lend to SMEs because of lack of credit information and low appreciation of lending to small businesses. More specific issues on SME financing include lack of acceptable collateral, slow loan processing, short repayment period, high interest rates, difficulties in load restructuring, and lack of start-up funds.
The 6th PBEX is an SME Business Expo that continuously champions the growth and promotion of SMEs in the country. Since its inception, it has provided linkages between government agencies and institutions and participating companies.
For visitors of the event, they are benefiting for the paid conferences and free seminars as they get to acquire hottest trends in business. At the same time, the participating companies offer great partnerships and exposures that further develop the entrepreneurial acumen and interests.
The 6th PBEX is supported and will be attended by members of the following associations: Philippine Marketing Association, Local Business Chambers, Chartered Association of Business Administrators, Community Craft Association of the Philippines, People Management Association of the Philippines, Association of Development Financing Institution of the Asia Pacific, Advertising Association of the Philippines and Department of Trade and Industry.
The following companies sponsor the event: Brothers International, Citibank, China Bank, Azalea Boracay, Azalea Baguio, Beauty and Butter, Becken, UCPB and Steinhardt Alliance.
The event media partners are Business World, Business Insight, Asenso Pinoy TV, Light Network, Wazzup Pilipinas, and What Happening.
Ex-link Management and Marketing Services Corporation is the event manager of the 6th PBEX, for more information call tel. no. 643-3887 or email email@example.com