- Filipino small businesses made greater use of digital technologies in 2020.
- Difficulty accessing finance may act as a brake on small business growth in 2021.
- A young workforce and strong focus on innovation will boost small business momentum.
MANILA, PHILIPPINES – Media OutReach – 20 April 2021 – Small businesses in the Philippines significantly increased their use of online payment technologies and sales in 2020. However, difficulty accessing external finance may hamper their growth prospects in 2021, according to CPA Australia‘s 2020-21 Asia-Pacific Small Business Survey.
