Press Release
Innovative Business Stimulus Package Provides Philippine MSMEs New Lifeline in Economic Downturn
Assistance scheme by the Commission on Information and Communications Technology, Go Negosyo, Google and STI Colleges enables 800,000 local MSMEs to cost-effectively find new customers in the Philippines and reach out to international markets
November 3, 2009, Manila, Philippines – The current economic downturn has turned up the pressure on Philippine companies, particularly the 800,000 micro, small and medium-sized enterprises (MSMEs), to find new customers for their products and services. At the same time, 25 million Filipinos and over a billion people worldwide use the Internet and search engines to find information on products and services such as prices, reviews and even where to buy locally. To connect Philippine MSMEs to these millions of Internet users at home and abroad, the Commission on Information and Communications Technology (CICT), Go Negosyo, Google, and STI Colleges are partnering to offer a Business Stimulus Package that enables local businesses to harness the cost-effectiveness and reach of the Internet to access a wider market and increase sales. Any MSME can take advantage of the package by signing up at www.google.com.ph/stimulus between now and December 15, 2009.
MSMEs in the Philippines are crucial to the country’s economy. They make up 99.7% of the country’s businesses and create 70% of the country’s jobs annually. In order for them to bounce back from a crisis that has left them with decreased sales and smaller budgets, they need to grow their businesses without breaking the bank. Google’s online advertising platform enables a business, no matter how small, to reach out to tens of millions of Internet users in the Philippines and 73% of all Internet users globally. At the same time, MSMEs only pay when a potential sales lead clicks on their online ad.
The Business Stimulus Package aims to help local MSMEs:
Be available 24/7 to any potential customer by establishing an online presence on the Internet
Grow the business cost-effectively through a user-friendly website and an online marketing campaign
Connect with 25 million Internet users in the Philippines and over one billion globally
Any Philippine company that has a product to sell and a valid business permit can apply for the package. Participants will enjoy:
A company website developed by STI College to promote their products and services. The first 200 MSMEs who register for the package and do not yet have a website will get it for free; subsequent participants need only pay a one-time fee of PHP3,000 to STI College for the website development work.
PHP2,000 worth of free credits from Google to start an online marketing campaign with Google AdWords, Google’s online advertising platform.
A free tutorial from STI College on starting a website, marketing products and services online, and using Google’s technologies to promote their business.
CICT Commissioner Mon Ibrahim affirmed his support for the Business Stimulus Package, asserting, “In line with our mission to develop an ICT-enabled business community, we support this initiative as way to get more Philippine MSMEs online and use online advertising and websites to engage both a local and global audience. We are very excited to be part of a program that uses technology as the foundation of economic progress, and we look forward to promoting this package in our roadshows around the country.”
“The Philippine Center for Entrepreneurship, through its banner program Go Negosyo, supports this business stimulus package as a way of aiding hundreds of thousands of MSMEs in the Philippines,” said Joey Concepcion, founding trustee of Go Negosyo and Presidential Consultant on Entrepreneurship. Go Negosyo is actively promoting the package to its members and in its nationwide entrepreneurship events. “Through this partnership with Google, local entrepreneurs will have a new targeted channel to promote and grow their businesses without having to invest millions of pesos in marketing infrastructure typically only afforded by large companies. We are proud to be part of a program that will enable Pinoy businesses to sell their Philippine-made goods and services to the whole country and beyond, no matter where they are physically located.”
“Misconceptions about the high cost of technology and lack of technical knowledge have prevented local MSMEs from adopting technologies that can help them promote their business to more customers,” said STI President and CEO Monico Jacob. “The Business Stimulus Package addresses these concerns, as we will be building websites for MSMEs and teaching them how to maintain it in addition to training them on conducting an effective online advertising campaign. The hope is that these skills will enable MSMEs to become self-sufficient in sustaining their market presence online.”
Derek Callow, Head of Marketing, Google Southeast Asia said, “MSMEs understand that the Internet provides a great opportunity for them to expand locally and into new markets across the world, but they don’t know how to get started or are unsure of the benefits of online advertising. With the Business Stimulus Package, we make it easy for local MSMEs to create a website and use it as an effective sales channel with a free trial of Google AdWords, an affordable, measurable online advertising platform.”
In addition to these partners, the Philippine Marketing Association (PMA) and the Center for International Trade Expositions and Missions (CITEM) have also pledged to support the package by promoting it to their members and attendees of their many events and trade shows. (Please refer to the accompanying quote sheet for more information on these two organizations.)
Comments from Google AdWords’ customers on the benefits to Philippine MSMEs
V.Y. Domingo Jewellers Inc.
V.Y. Domingo designs and makes custom-designed jewelry in the Philippines for a global customer base and sells them through its website, http://www.vydomingo.com. The company has benefited greatly since it began using Google AdWords three years ago. “We found that online advertising expanded our customer base to individuals, schools, and businesses all over the world interested in buying from us, or becoming our distributors,” said Janette Resurreccion, export manager and IT head of V.Y. Domingo. “Google AdWords now generates 70% of our sales. In addition, 99% of our visits are from other countries, which we could not have reached had it not been for Google AdWords. It’s a great investment we intend to continue, and we are busy with orders from around the world because of the sales leads generated by Google AdWords.”
About the Commission on Information Communications Technology (CICT)
The CICT is the primary policy, planning, coordinating, implementing, regulating, and administrative entity of the executive branch of the government that promotes, develops, and regulates integrated and strategic ICT systems and reliable and cost-efficient communication facilities and services. Its mandate is to develop the country into a world-class ICT services provider, provide government services to stakeholders online, provide affordable Internet access to all segments of the population, develop an ICT enabled workforce, and create an enabling legal and regulatory environment.
Go Negosyo (Philippine Center for Entrepreneurship [PCE])
The Philippine Center for Entrepreneurship (PCE) is a non-stock and non-profit organization that aims to make the Philippines a thriving entrepreneurial nation through entrepreneurship education, and to instill a mindset of optimism and a culture of entre- and intra-preneurship among Filipinos. Go Negosyo is PCE’s support ecosystem, comprising entrepreneur mentors from different business sectors, government agencies, and academic institutions whose thrust is to provide information, tools, and resources to aspiring and existing entrepreneurs. The PCE, through Go Negosyo, has four core programs: communications and advocacy, capacity-building/business assistance through seminars and forums, mentoring, research and idea generation for database and policy development, and program partnerships with educational institutions and other agencies in the field of entrepreneurship and economic development.
About STI Colleges
STI Colleges started with two IT schools in 1983, and has since expanded to providing ICT-enhanced education in more than 100 campuses in the Philippines and all over the world. Aside from ICT, it also offers courses in Engineering, Healthcare, Business and Management, Hotel and Restaurant Management, Education, and Nursing. Its mission is to be the leader in ICT-enabled human resource development through innovative learning and career planning methodologies, paving the way for a technologically empowered society whose development and growth is driven by a knowledge-based workforce.
About Google Inc.
Google’s innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google’s targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, visit http://www.google.com.ph/.
Google and Google AdWords are registered trademarks of Google Inc. All other company and product names may be trademarks of the respective companies with which they are associated.