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Philippine Entrepreneurship Report 2015-2016

  • Year of publication: 2015
  • Category: National Reports
  • Language: English
  • Upload date: 2017-06-28

The results of the 2015 Philippine APS and NES show the confidence of Filipinos on entrepreneurship as a mover to a better life and more progressive society. Although government policies, structure, and bureaucracy are seen as constraints on growth and sustainability of entrepreneurial undertaking, more than half of the population see business opportunity in the country and close to 70% believe that they have the necessary skills to seize the entrepreneurial opportunities in the economy. On the other hand, there is a high business closure rate mainly due to unprofitable business operations and difficulty in accessing financing to continue business operations.