Concepcion hopes for a “more inclusive” economy under Marcos Jr.

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Entrepreneur Joey Concepcion’s lawyer.

MANILA, Philippines — Presumed President Ferdinand “Bongbong” Marcos Jr. should have a “more inclusive” economy, presidential adviser on entrepreneurship Joey Concepcion said Monday.

Concepcion said the economy under the next administration should also focus on micro and small businesses, not just corporations.

READ: Bongbong Marcos pledges to promote programs that balance economic development and the environment

“Under the administration of President Marcos, we hope to see this economy become more inclusive,” he said on the ABS-CBN News Channel summary.

“It’s my role – to see that we are capable of not only making this economy for large and medium enterprises, but a more inclusive economy that will include our micro and small entrepreneurs,” he stressed.

According to Concepcion, the next administration should prioritize job creation as many businesses have struggled during the COVID-19 pandemic.

READ: Philippine economy in good shape as Marcos set to take helm

“He had a clear vision. He knew that MSMEs (micro, small and medium-sized enterprises) generate the most jobs and that many of them are struggling because of this pandemic,” the adviser said.

“It’s very clear that job creation should be at the top of this administration’s agenda – helping our MSMEs with financing, more financing, mentoring and helping them get to market,” he explained. .

The private sector is keen to see Marcos’ economic program because they wanted the details of what awaits them under the next administration, investors said.

READ: Investors keen to see Marcos’ agenda in the first 100 days

Marcos is set to deal with the large debt the country has incurred due to borrowing to fund the government’s response to COVID-19.

The Philippines’ outstanding debt hit a new high of 12.68 trillion pesos in March, the Treasury Office said.

READ: Weeks before Duterte leaves, PH debt hits new high in March: 12.68 trillion pesos


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