Access to Credit, Technology Solutions, and Digital Services Key to MSMEs' Survival
With micro, small, and medium-sized enterprises (MSMEs) in Southeast Asia contributing about 40% on average to each country's gross domestic product, governments need to ensure these small businesses have access to credit and the capacity to deploy technology and take advantage of digital solutions and services, said experts at the third Southeast Asia Development Symposium (SEADS).
In the session, "Build to Last—Shaping MSMEs’ Growth in the Digital Age," speakers examined the constraints hindering MSMEs to survive and thrive and highlighted case studies and recommendations to ensure their long-term growth.
The session was organized by the Tech for Good Institute, a think tank set up by Grab.
- Ming Tan, Founding Executive Director, Tech for Good Institute
- Sabine Spohn, Senior Investment Specialist, Private Sector Financial Institutions Division, ADB
- Foo Chi Hsia, Assistant Chief Executive, Infocomm Media Development Authority
- Agne Makauskaite, Head, Public Policy, Regulated Industries, Amazon Web Services Asia Pacific
- Linh Pham, Founder and CEO, Logivan • Lim Kell Jay, Head, Grab Financial Group
- Maesy Angelina, Social Systems Lead, United Nations’ Pulse Lab Jakarta
- Ilaria Chan, Chairperson, Tech for Good Institute
- Ozzeir Khan, Director, Digital Innovation and Architecture Division, Information Technology Department, ADB
SEADS 2022, "Sustainable Solutions for Southeast Asia's Recovery," was held on 16–17 March.