There have been moves to encourage micro, small and medium enterprises. For “micro business enterprises,” there is a move under Republic Act No. 9178, also known as the “Barangay Micro Business Enterprises (BMBEs) Act of 2002.”
Continue readingThe Small Business Corporation (SB Corporation), also called the Small Business Guarantee and Finance Corporation, was created under Republic Act No. 6977, as amended (also known as the “Magna Carta for Micro, Small and Medium Enterprises (MSMEs)“. The SB Corporation is charged with the primary responsibility of implementing comprehensive policies and programs to assist MSMEs in all areas, including but not limited to finance and information services, training and marketing.
Continue readingThe Micro, Small and Medium Enterprise Development (MSMED) Council is tasked to effectively spur the growth and development of MSMEs throughout the country, and to carry out the policy declared in Republic Act No. 6977, as amended (also known as the “Magna Carta for Micro, Small and Medium Enterprises (MSMEs)“. The Council is attached to the Department of Trade and Industry (DTI).
Continue reading[This is the full text of Republic Act No. 6977, formerly known as the “Magna Carta for Small Enterprises,” as amended by Republic Act Nos. 8289 and 9501, is reproduced below. The amendments are incorporated in the text. It is now known as the “Magna Carta for Micro, Small and Medium Enterprises (MSMEs)“]
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