AGP Executive Report
Last update: 10 hours agoMSME Tax Relief (Philippines): Sen. Mark Villar filed a bill to exempt micro, small and medium enterprises from the Minimum Corporate Income Tax, citing MSMEs’ 99.63% share of registered businesses and 63.19% of jobs, while arguing inflation and energy shocks are squeezing margins. Supplier Payments Pressure (Automotive, China): China’s MIIT is pushing automakers to honor 60-day payment commitments to SMEs, using a new media “supervisor” system and an online portal to flag firms that delay or extend cycles. SME Capital-Market Push (Philippines): The SEC’s “Juan with SEC Caravan” urged MSMEs to incorporate to unlock fundraising and long-term growth, offering registration help and guidance on capital-market financing. SME Growth via Standards (Australia): An ASIC-linked general insurance code redraft faces pushback from an oversight committee, which warns it could weaken consumer protections and reduce safeguards for small businesses. Cross-Border Trade Rules (ECOWAS): ECOWAS Parliament called for harmonised customs and import procedures plus better business registration and affordable finance to help MSMEs scale across West Africa. SME Expansion Funding (India): IIRM Holdings raised Rs 150 crore to expand insurance risk management and broking, backed by Carpediem Capital and an MSME-focused AIF. SME-Friendly Retail Support (South Korea): Incheon plans to expand its “Good Price Store” program to 590 outlets, adding support for eligible small service businesses while offering consumer discounts. SME Tech & Payments (Fintech): WasabiCard is showcasing global card issuing and cross-border payouts at ChinaJoy 2026, targeting digital businesses expanding internationally. Manufacturing Deal Spotlight (UK): Global Vehicle Group secured private equity investment to grow its B2B car and van leasing business, betting on proprietary tech and fleet demand.
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