On May 28, President Rodrigo Duterte signed Republic Act 11032, or the Ease of Doing Business (EODB) and Efficient Government Service Delivery Act of 2018. The law amends the Anti Red-Tape Act (ARTA) in 2007, aimed at efficient turnaround of the delivery of government services and the prevention of graft and corruption.
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21 May 2018 – Micro, small, and medium enterprises (MSMEs) account for 99.6% or 911,768 of the 915,726 total enterprises in the Philippines in 2016. Of this number, almost 90% (820,795) are micro, followed by small at 9.46% (86,955), and medium at 0.44% (4,018). This figure could be more considering the three million to four million enterprises listed in the Philippine Business Registry submitted by the local government units.
