The Macquarie Group Foundation, in partnership with the Australian government, is investing more than P43 million to support women-led small and medium enterprises (SMEs) in the Philippines and help offset the pandemic’s impact on their businesses.
The Macquarie-Investing in Women RISE Fund in the Philippines, the first in Southeast Asia, was formally launched yesterday in Makati City.
Macquarie Group Manila Technology and Office Head division director Eric Yaptangco said the funding reaffirms the group’s commitment to contribute to the success of women-led enterprises as well as in the country’s recovery efforts amid the pandemic.
“This really signifies Macquarie’s commitment to the Philippines,” Yaptangco said. “We will continue to contribute to its ongoing growth and recovery from the Covid situation.”
To extend the funding to Filipina-led businesses, the Investing in Women RISE Fund partners with the Foundation for a Sustainable Society Inc. (FSSI) and InBestCap Ventures (InBest).
(2020, November 18). Foreign company to invest P43-M in Pinay-led SMEs. The Visayan Daily Star. Retrieved from https://news.visayandailystar.com/foreign-company-to-invest-p43-m-in-pinay-led-smes/