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PHILIPPINE micro, baby and boilerplate enterprises (MSMEs) are now heavily relying on e-commerce to addition their consign achievement and are cyberbanking on the new belvedere to aggrandize their market, an absolute abstraction said.

A research, blue-blooded “Global is the New Local: The Changing International Barter Patterns of Baby Businesses in Asia Pacific,” appear 96 percent of 500 surveyed MSMEs in the country now advance the Internet to do their barter activities. It additionally claimed about 52 percent of their revenues is owed to affairs fabricated online.

Apart from this, MSMEs are allegedly adopting new technologies to enhance their operations, as 8 out of every 10 respondents appear they use both adaptable payments and software automation. The address additionally said 73 percent of MSMEs are assured to advance their sales aing year due to e-commerce.

The abstraction additionally claimed exports accounted for 89 percent of MSMEs’ absolute anniversary revenues admired at $1.4 billion, college than the boilerplate 71 percent amid Asia-Pacific economies. It added that the majority, or 69 percent, of ed baby businesses consign aural the region. Topping the account of destinations were China, Singapore and Hong Kong.

The ysis appear that 78 percent of MSMEs acceptation raw abstracts and accomplished appurtenances from Asia-Pacific economies, decidedly China, Japan and Singapore. However, they acquisition community procedures and acumen issues as top apropos for exporting and importing.

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