APEC Symposium on SME Strategies to Manage the Impacts of the Global Financial Crisis June 8-9, 2009, Taipei, Taiwan - PowerPoint PPT Presentation

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APEC Symposium on SME Strategies to Manage the Impacts of the Global Financial Crisis June 8-9, 2009, Taipei, Taiwan

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Title: APEC Symposium on SME Strategies to Manage the Impacts of the Global Financial Crisis, June 8-9, 2009, Taipei, Taiwan Author: ld_villavicencio – PowerPoint PPT presentation

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Title: APEC Symposium on SME Strategies to Manage the Impacts of the Global Financial Crisis June 8-9, 2009, Taipei, Taiwan


1
APEC Symposium on SME Strategies to Manage the
Impacts of the Global Financial Crisis June 8-9,
2009, Taipei, Taiwan
Women-Owned Enterprises and the Financial Crisis
Presented by Myrna T. Yao
Chairperson National
Commission on the Role of Filipino Women
2
Impact of crisis on women
  • Job loss
  • Tightening of credit from
  • banks and other lending institutions
  • Reduction of remittances

3
Impact of crisis on women
  • 1 percent decline in the growth rate of a
    developing country traps an additional 20 million
    people in poverty
  • 100 million people driven into poverty by high
    food and fuel prices

World Bank Report
4
Impact of crisis on women
  • International Labor Organization realistic
    scenario
  • worst-case unemployment
  • scenario wherein 22 million
  • women of the total 55 million
  • workers around the world will be
  • unemployed this year partly as a result
  • of the current global economic crisis

5
Impact of crisis on women
  • International Labor Organization
  • realistic scenario
  • global unemployment rate for
  • women could reach 7.4
  • percent this year, from 6.3
  • percent in 2008

6
Impact of crisis on women
  • International Labor Organization
  • realistic scenario in Asia
  • number of unemployed people would increase by
    7.2 million or at a rate of 5.1 percent
  • number of unemployed women would rise by 4.4
    percent as compared with 3.8 percent for men
    (optimistic scenario)

7
The brighter side
  • Philippine economy grew only by 0.4 for
    the 1st quarter of 2009
  • Philippines will not suffer a recession like
    other countries in the region .
  • (Ralph Recto, Socio-Economic Planning Secretary)

8
The brighter side
  • 3.1 percent to 1.4 percent forecast for the
    Philippines this year (Meryll Lynch-American
    investment Bank, May 29)
  • China would grow by 7.0 , India will grow by
    only 5.0 (Asian Development Bank)

9
Woman at the center of growth
  • reforms attributable to the Arroyo administration
    are probably the roots of the economys
    strong points
  • introduced financial reforms
  • in the aftermath of the Asian
  • financial crisis in l997
  • improved income and spending
  • balance as well as for the
  • countrys manageable inflation rate

10
Women empowerment in the Philippines
  • Republic Act No. 6725, an Act that strengthens
    the prohibition of the discrimination against
    women with respect to terms and conditions of
    employment
  • RA 7192, also known as Women in Development and
    Nation Building Act

11
Women empowerment in the Philippines
  • Magna Carta of Women
  • recognizes the role of women in nation building
    and ensures the substantive equality of women and
    men
  • ensures the fulfillment of the human rights of
    women provided for in other international
    treaties and national laws

12
Womens economic empowerment
  • More Filipino women are now employed and
    continuing efforts are being made to improve
    their competencies and skills through continuous
    training and apprenticeship.
  • Credit programs have been encouraged and expanded
    to benefit a large number of Filipino women.

13
Womens economic empowerment
  • Efforts have been made to protect and promote the
    welfare and interests of Filipino women, giving
    them childcare benefits and addressing gender
    issues in the workplace.
  • greater government recognition of the critical
    role that small and medium enterprises (SMEs)
    play in capital formation, employment creation,
    and growth generation and greater attention to
    women in SMEs.

14
Focus on SMEs
  • SME Unified Lending Opportunities for National
    Growth (SULONG) Program
  • aimed at promoting micro, small and medium
    enterprises (MSMEs) throughout the country
  • (loans extended by the Government financing
    institutions (GFIs) under the program reached P32
    billion in 2008 from P28.6 billion in 2007)

15
Focus on SMEs
  • 783,065 - business enterprises in the Philippines
    in 2006

  • 3,327,855 jobs generated by MSMEs (2006)
  • 1,657,028 jobs generated by large corporations
    (2006)

16
Focus on SMEs
  • Hapinoy stores
  • (for happy Pilipino
  • or Pinoy)
  • small retail outlets in the countryside
  • that are being set up through
  • micro-finance institutions
  • majority of borrowers are women
  • no collaterals

17
GEM Global Entrepreneurship Monitor (2006-2007)
  • 4 of 10 Filipino adults (18-64 yrs.) are engaged
    in business (19Million approx)
  • Philippines ranked 2nd among 41 countries in
    number of individual business owners
  • Philippines ranked 6th globally in terms of
    discontinued businesses (in the last 12 months)
  • Reasons financial, personal and intense
    competition

18
Distribution of Total Early Stage Activity (TEA)
  • 53 - consumer-oriented businesses
  • 24 - extractive businesses
  • 19 - transformative businesses
  • 3 - business services

HOWEVER, do you know that.
  • Philippines is 2nd highest in percentage of
    entrepreneurially active females (among 42
    countries)

19
GEM Philippine Report Recommends to
  • Improve quality, availability accessibility of
    financing
  • Enhance business growth potentials
  • Improve expand RD on small businesses
  • Promote stronger export orientation
  • Strengthen entrepreneurial values attitudes
  • Boost interest in ST
  • Make entrepreneurial education more practical
    experiential
  • Emphasize critical role of local governments
  • Highlight womens importance in enterprise
    development

20
Personal Experience
humble beginnings
  • 1980 Richwell Trading was established as
  • franchise distributor of Goodyear
    tires
  • 1982, July - Richwell was awarded the
  • exclusive distributorship of Mattel
  • toys in the Philippines
  • 1989 Richwell Phils. got the license to
  • manufacture Barbie Dolls in the
    Phils.

21
Personal Experience
  • humble beginnings
  • As a distributor and licensing agent, Richwell
    employs 1,300 employees (about 50 comprise the
    growing sales force)
  • Distribution channels continue to increase in
    Toys, Shoes, Apparel and Baby Products including
    Toiletries

22
Formula to succeed during financial crisis
  • Diversity
  • Safe and quality goods
  • Creative marketing strategy
  • Strengthen financial capacity
  • Best value for money

23
Formula to succeed during financial crisis
  • Clear direction of the company
  • Well planned strategies in sales and finances
  • Target competitors market share
  • corporate responsibility

Every Child Deserves a Happy Childhood
24
  • in the light of the present crisis,
  • the nations competitiveness rests greatly on
    its ability to plan and execute programs and
    projects that will subject its citizens and
    enterprises to the least risks possible and be
    able to safeguard their interests in inevitable
    circumstances.

Competitive Analysis of the Present Crisis,
Professor Ma. Lourdes Sereno, executive
director, Asian Institute of Management Policy
Center
25
NCRFW believes
  • with empowered women
  • we can build a stronger nation

Every mother, every woman deserves a happy
and fulfilling life.
26
economic crisis is a time for change and
new opportunities. The lessons that we have
learned during the time of crisis should
guide us as we move on to the future. We
should welcome the current challenges and
transform them into opportunities for further
growth and development in our respective
countries. MYRNA T. YAO
27
  • Thank you
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