Polls show that 81% of adult Filipinos want to do business

According to the Filipinas Business World report, the public opinion survey launched by OCTA, a polling consulting company, in October 2022, showed that 81% of Filipinos are inclined to start businesses, and the most needed government support is loans and relevant entrepreneurial knowledge guidance.

According to the data of the Philippine Ministry of Trade and Industry, in 2022, Philippine medium, small and micro enterprises will provide 5.38 million jobs, accounting for 62.7% of the total employment in the Philippines. Randit, a researcher at OCTA and professor at the University of the Philippines, pointed out that the Philippine government should increase its investment in encouraging the development of small and medium-sized enterprises in combination with the wishes of the people.