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Also, the matters contained in the following were written in accordance with the law, rules, and jurisprudence prevailing at the time of writing and posting, and do not include any future developments on the subject matter under discussion.
AT A GLANCE:
By virtue of this Proclamation No. 400, s. 1953, July 13 to 19 of every year is declared as “Philippines Business Week”.
Businesses play an important role in generation of employment and in economic growth. They help provide a self-sufficient industrial foundation for the country.
Thus, it is necessary to focus the attention of the public to the progress that Philippine businesses have achieved and to encourage further growth of such businesses, improvement of living standards of Filipinos, and the advancement of the economy.
Proclamation No. 400, series of 1953 was issued to recognize the role of Philippine Business. By virtue of this Proclamation, July 13 to 19 of every year is declared as “Philippines Business Week”.
The law says:
“NOW, THEREFORE, I, Elpidio Quirino, President of the Philippines, by virtue of the powers vested in me by law, do hereby declare the period from July 13 to 19 of every year as Philippines Business Week and enjoin the celebration thereof with appropriate ceremonies.” (Proclamation No. 400, s. 1953)
It is a Constitutionally-declared policy of the State to develop a self-reliant and independent national economy effectively controlled by Filipinos. (Section 19, Article II, 1987 Constitution) The State likewise recognizes the indispensable role of the private sector, encourages private enterprise, and provides incentives to needed investments. (Section 20, Article II, 1987 Constitution)
Establishment of “Negosyo Centers”
“Negosyo Centers” are establishments under the supervision of the Micro, Small and Medium Enterprise Development (MSMED) Council that are responsible for promoting ease of doing business and facilitating access to services for MSMEs within its jurisdiction. (Section 3, Republic No. 10644 or the “Go Negosyo Act”)
The law says:
“Negosyo Centers” shall have the following functions:
(a) Promote ease of doing business and access to services for MSMEs within its jurisdiction;
(b) Coordinate and facilitate processes of government related to the set-up and management of MSMEs;
(c) Accept and facilitate all registration application of MSMEs;
(d) Coordinate with the respective local government units (LGUs) and liaise with concerned government agencies to process the duly accomplished forms submitted by the MSMEs;
(e) Integrate a unified business process system for MSMEs;
(f) Monitor and recommend business-process improvement for MSMEs;
(g) Encourage government institutions that are related to the business application process to help promulgate information regarding the Negosyo Center;
(h) Provide information and services in training, financing and marketing;
(i) Support private sector activities relating to MSMEs development;
(j) Co-organize with the local chambers of commerce and other business organizations a mentoring program for prospective and current entrepreneurs and investors;
(k) Build local support networks and establish market linkages for MSME development;
(l) Coordinate with schools and organizations on the development of youth entrepreneurship program;
(m) Encourage women entrepreneurship by giving women access to information, support, training and credit facilities;
(n) Facilitate access to grants and other forms of financial assistance, shared service facilities and equipment, and other support for MSMEs;
(o) Ensure management guidance, assistance and improvement of the working conditions of MSMEs;
(p) Establish a databank which shall be a source of all information necessary for project monitoring, research and policy studies and informal dissemination campaigns;
(q) Map out all information and services essential to prospective entrepreneurs and prospective investors especially in key value chains and economic subsectors within its jurisdiction;
(r) Establish a feedback mechanism among the MSMEs in the respective jurisdiction of Negosyo Centers: and
(s) Conduct other programs or projects for entrepreneurial development in the country aligned with the MSMEs development plan. (Section 4, Republic No. 10644 or the “Go Negosyo Act”)
Did you know that the Philippine Business Registry Databank (PBRD) under the Department of Trade an Industry (DTI) is in charge of the keeping records of all businesses in the Philippines?
The “Go Negosyo Act” states that:
“A Philippine Business Registry Databank (PBRD) shall be established under the DTI to serve as a repository of information of all business enterprises in the Philippines.” (Section 5, par. (c), Republic No. 10644 or the “Go Negosyo Act”)
Alburo Alburo and Associates Law Offices specializes in business law and labor law consulting. For inquiries regarding taxation and taxpayer’s remedies, you may reach us at info@alburolaw.com, or dial us at (02)7745-4391/0917-5772207.
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