President Speaks: PSR-RDC 11th National Convention
Amb. Benedicto V. Yujuico graced the 11th National Convention of the Private Sector Representatives of the Regional Development Councils (PSR-RDC) as Keynote Speaker.
Hoping to inspire the PSRs, Amb. Yujuico presented PCCI’s initiatives supporting the recovery and continued operation of businesses, especially small, micro and medium-sized enterprises (MSMEs) as they face the challenges of the economic standstill brought about by measures to mitigate the spread of COVID-19. These initiatives include the proposal to restructure loans to MSMEs, which has been positively addressed by the Bangko Sentral ng Pilipinas; PCCI’s partnership with Small Business Corp. to facilitate PCCI’s MSME members’ access to the collateral-free loans offered by the institution; the engagement of a banking expert to assist in the loan structuring negotiations and loans applications of MSMEs; and the #PinasMunaTayo campaign promoting the consumption of local products and services.
Amb. Yujuico invited the PSRs to visit the PCCI Head Office in Taguig City to learn more about what PCCI is doing - its advocacies, programs, and services and to hear from them suggestions to improve doing business and promote investments in the regions.
The RDC is the local counterpart of the National Economic Development Authority (NEDA. It is the highest planning and policy-making body in the regions with the primary mandate to coordinate and set the direction of economic and social development in the regions. PSRs comprise twenty-five percent of the Council’s membership. This year’s convention had as theme, “Together. Moving. Forward: Harnessing the RDC-PSR’s Role in the New Normal,” highlighting the need to harness the role of the private sector, especially the PSRs, in undertakings of the government in the new normal.
Amb. Yujuico’s speech can be accessed here.