President Aquino’s SONA reflects ESQUIRE FINANCING’s devotion to Philippines’ economic growth.
Data from the Bangko Sentral showed that micro, small and medium enterprises (MSMEs) make up 99.6 percent of the total number of enterprises, account for almost 70 percent of total jobs generated, and contribute 32 percent of the GDP.
President Benigno “Noynoy” Aquino‘s recent State of The Nation Address (SONA) stirred up hope and inspiration, given the numbers from Bangko Sentral. Aside from a rundown of his cabinet’s accomplishments and to do list, Aquino proudly emphasized that “what was once the sick man of Asia now brims with vitality”. The President substantiated this claim with the 6.4 percent growth in the GDP in the first quarter of the year, the highest in Southeast Asia. Aquino shared how commentators from the international community have lauded these achievements, with Foreign Policy Magazine even calling the Philippines “Asia’s Next Tiger” and financial giant Morgan Stanley investing a billion dollars in Philippine markets.
ESQUIRE FINANCING Inc’s President/CEO Rajan Uttamchandani shares the country leader’s and the international media’s optimism and believes that more small and medium entrepreneurs take advantage of the strong economy. EFI, the leader in Growth Stage financing, provides hassle-free and non-collateral business loans to growing businesses.