VP Leni cites private sector for ‘inclusive business models’ » Manila Bulletin News



By Raymund Antonio

Vice President Ma. Leonor “Leni” Robredo on Tuesday acknowledged efforts of the private sector in helping provide solutions through “inclusive business models.”

Vice President Leni Robredo (Photo by OVP / MANILA BULLETIN)

“Many of you here are responding to the call of the times by opening up your value chains to smallholders, micro and small businesses,” Robredo said.

Robredo, whose “Angat Buhay” antipoverty program partners mostly came from the private sector, commended them for spending their resources and time to improve their processes and their products.

“You are empowering many of those who have previously been left behind by progress and globalization: farmers, fisherfolks, women, and even indigenous peoples. Truly, the power of the entrepreneurial spirit can move our world,” she said.

The Vice President was a keynote speaker at the closing ceremony at the Association of Southeast Asian Nations (ASEAN) Business and Investment Summit held in Pasay City.

She underscored the need to create an inclusive business environment in the ASEAN region, particularly focusing on micro, small, and medium enterprises (MSMEs).

Robredo said the vision of a single market—allowing people, goods, and services “to move freely across our borders”—will benefit MSMEs.

The former housing chief noted that the regional bloc’s decision to put prosperity for all at the center of their dialogue during the ASEAN Summit is “timely and critical at this point.”

The Vice President said there was no better time to pursue such initiative as ASEAN stands as the sixth-largest economy in the world as a regional bloc, with a combined gross domestic product of US$2.55 trillion.

“But the best is yet to come. This is the age of Asia. Let the dragons and the tigers claim this century, and in the process, show the world how it is possible for our economies to grow wealth and spread it equitably,” she said.

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