Negosyo Centers

Bam: Over 250 Negosyo Centers, Youth Entrepreneurship Act to help solve unemployment

Sen. Bam Aquino believes two of his laws in the 16th Congress — the Go Negosyo Act and the Youth Entrepreneurship Act – will help address the unemployment problem in the country through the development of micro, small and medium enterprises (MSMEs).

 “These two laws are aimed at generating fresh jobs and other livelihood opportunities by providing MSMEs with the right support to help them grow,” said Sen. Bam, chairman of the Committee on Trade, Commerce and Entrepreneurship.

 “By giving MSMEs a conducive environment where they can succeed, confident that they can help generate fresh jobs and other livelihood opportunities for Filipinos,” he added.

 Trade Secretary Mon Lopez, for his part, said the agency will be giving an extra push in creating more entrepreneurs and registering more enterprises that will employ more Filipinos.

 The DTI will also focus on helping MSMEs on many aspects, in terms of money and market access, according to Lopez.

 Sen. Bam was the author and principal sponsor of the Go Negosyo Act (Republic Act 10667), his first law in the 16th Congress, and the co-author and principal sponsor of the Youth Entrepreneurship Act (Republic Act No. 10679).

 Sen. Bam’s pronouncement came after a Social Weather Stations (SWS) revealed that some 11 million adults were without work in the first quarter of 2016, about two million more than the previous quarter.

 The SWS first quarter poll pegged the joblessness rate at 23.9 percent, compared to 2015’s fourth quarter rate of 21.4 percent or equivalent to 9.1 million adults unemployed. It was also the highest since 2014’s fourth quarter rate of 27 percent.

 At present, Sen. Bam said 252 Negosyo Centers are already up and running, catering to the needs of micro, small and medium enterprises (MSMEs) in different parts of the country.

 The Youth Entrepreneurship Act, for its part, encourages young would-be entrepreneurs to establish their own business by providing them access to capital and other support.

 The law creates financial literacy modules in all levels of Philippine education, to inculcate a culture of enterprise development among the Filipino youth.

 Aside from the Go Negosyo Act and the Youth Entrepreneurship Act, Sen. Bam also worked for the passage of other MSME-related laws such as Philippine Competition Act, Microfinance NGOs Act, Credit Surety Act and the Foreign Ships Co-Loading Act or Amendments to the Cabotage Policy.

 In the 17th Congress, Sen. Bam has already filed the Senate Bill No. 169 or Small Business Tax Reform Act, which provides small businesses with lower income tax rate, VAT exemption and other privileges.

 Sen. Bam has also submitted Senate Bill No. 170 or Trabaho Center in Schools Bill to create a job placement office or Trabaho Center to assist Senior High School graduates who opt to find employment and help them find those opportunities.

Sen. Bam: Better Opportunities for Mindanao Youth

A bright future awaits Mindanao youth with the Comprehensive Agreement on the Bangsamoro (CAB) expected to provide them more educational and employment opportunities.

“The CAB signing will open more opportunities to the Mindanao youth that will help them chart their future, especially in terms of education and employment,” said Senator Bam Aquino, chairman of the Senate Committee on Youth.

In the past, Aquino said thousands of students were restrained from going to school because of armed conflicts in different parts of the region.

“Many of these students were forced to stay in evacuation centers far from conflict areas, depriving them a chance to finish their studies and become productive citizens,” he added.

Aquino said students could expect continuous education because the new agreement is focused on achieving long-term peace and order in the region.

“Students now have the chance to acquire the knowledge they need to have a brighter future without worrying about their safety,” Aquino stressed.

Aquino added that more employment opportunities await youth workers with the expected influx of businesses and investments in the region.

As of 2012, the senator said 300,000 of the country’s more than 1.4 million unemployed youth are in Mindanao.

“With new businesses and investments expected to put up shop in Mindanao, our young workers will have the chance to put their skills and knowledge to good use,” Aquino said.

Also, Aquino said his “Go Negosyo Act” could help young workers become entrepreneurs through the establishment of their own small business.

The Act, which was passed on third reading by the Senate, calls for creation of Negosyo Centers, under the Department of Trade and Industry (DTI), in each city and municipality around the country.

Aquino said these Negosyo centers are designed to make it easier for entrepreneurs to register and start up their businesses, as well as gain access to sources of financing.

The Negosyo Centers will also provide courses and development programs, training, give advice on business conceptualization and feasibility, financing, management, capability building, human resources, marketing and other support services.

 

Photo source: The Feed (http://tinyurl.com/l573t5m)

Sen. Bam: Mindanao to Become Magnet for Investors

With the signing of the Comprehensive Agreement on the Bangsamoro (CAB), Senator Bam Aquino expects Mindanao to become a magnet for businesses and investments that will boost its long-awaited economic development.

“Now that the CAB is signed, sealed and delivered, Mindanao will be an attractive destination for businessmen who will provide jobs and other livelihood in the region,” said Aquino, Chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

Aquino also called the signing as “the start of the long-awaited development of the region known for its rich natural resources.”

“With peace and security now at hand, the region’s journey from decades of infamy to prosperity and economic growth now begins,” the senator said.

The senator believes that the expected economic development will help uplift the lives of our brothers and sisters in the region, especially those living in war-torn areas.

“The arrival of businesses and other investments in the area will give them a chance to revive lost opportunities and due to the conflict,” Aquino noted.

Aquino added that the government’s quest for inclusive growth would be achieved, with Mindanao on its way to economic development.

At the same time, Aquino emphasized the importance of his “Go Negosyo Act” in helping Mindanao in development, saying it will open opportunities for small businessmen and entrepreneurs in the region.

The Act, which was passed on third reading by the Senate, calls for creation of Negosyo Centers, under the Department of Trade and Industry (DTI), in each city and municipality around the country.

Aquino said these Negosyo centers are designed to make it easier for entrepreneurs to register and start their own businesses, as well as gain access to sources of financing.

The Negosyo Centers will also provide courses and development programs, training, give advice on business conceptualization and feasibility, financing, management, capability building, human resources, marketing and other support services.

Photo source: Rappler.com

Go Negosyo Act Tutulong sa Pagbangon ng Eastern Visayas, Palawan

Senator Bam Aquino believes that the Go Negosyo Act will help rebuild lives and businesses destroyed by Typhoon Yolanda once it is enacted into law.

“The measure contains several provisions that can help Yolanda-stricken communities more quickly get back up on their feet,” said Aquino, the bill’s author and chairman of the Senate Committee on Trade, Commerce, and Entrepreneurship.

The Go Negosyo Act seeks to support entrepreneurs who want to start or expand their micro,small, or medium enterprises (MSMEs), which is the main source of income and livelihood of many Filipinos.

The bill was approved Last Monday, the Senate approved the bill on the third and final reading.

The measure also aims to provide access to sources of financing, which is badly needed by entrepreneurs who have lost their livelihood to Yolanda.

“Without access to capital and other forms of support and assistance, I think it will take a very long time before communities get back on their feet,” Aquino said.

Aside from access to financing, the Go Negosyo Act mandates the creation of Negosyo Centers that will serve as hubs for business registration and processing, to facilitate easeof doing business.

The Negosyo Centers will also offer services on business conceptualization and feasibility,capability building, human resources, marketing and other support services.

“The Go Negosyo Act provides for everything that an entrepreneur will need to start or expand their business,” Aquino added.

A few months ago,Aquino visited several areas devastated by the super typhoon and personally witnessed its effects to businesses, especially in Tacloban, considered as the center of business in Leyte.

Sen. Aquino is also currently in Coron, Palawan to meet with local business leaders and fund managers.

“By jumpstarting business operations in devastated areas, we will be able to provide livelihood to residents, strengthen the local economy, and boost the recovery of devastated areas,” Aquino said.

Earlier, the senator called on the rehabilitation commission to provide financial help to entrepreneurs who lost their livelihood to the super typhoon.

Sen. Aquino also urged government financial institutions, such as Land Bank of the Philippines,to give loans to business owners at a low interest rate.

 

Photo source: http://www.tzuchi.org.ph

Go Negosyo Act Passed on 3rd Reading: To Address Massive Unemployment – Sen. Bam

The Go Negosyo Act (SBN 2046), which was passed by the Senate on third and final reading on Monday afternoon, is envisioned boost job creation and cut unemployment.

This was shared by Go Negosyo Act author, Sen. Bam Aquino, as he thanked colleagues in the Upper Chamber for supporting the swift passage of the bill.

“With the Go Negosyo Act, we can boost job creation in many parts of the country, by ensuring the success and growth of micro, small and medium enterprises (MSMEs).”

“Kapag mas maraming negosyo ang nagbukas at lumago, mas marami silang mabibigyan ng kabuhayan at trabaho sa kani-kanilang mga komunidad,” the senator explained.

According to figures cited by Aquino, at least 66 percent of jobs in the labor force are generated by the MSME sector, which in turn comprises 99 percent of all enterprises in the Philippines.

“Sa bawat sari-sari store, bakery, o talyer na magbukas at lumago, halimbawa, kakailanganin nila ng mga empleyado, supplier, at mga partner na magkakaroon rin ng pagkakataong kumita at umasenso. Magkakaroon ng kita’t kabuhayan ang mas maraming pamilyang Pilipino.”

“Sa paglago ng mga maliliit na negosyo, lahat tayo panalo,” Aquino stressed.

The bill mandates the creation of Negosyo Centers, under the Department of Trade and Industry (DTI), in each city and municipality around the country. These Negosyo centers are meant to make it easier for entrepreneurs to register and start up their businesses, as well as gain access to sources of financing.

The Negosyo Centers are also meant to provide courses and development programs, training, give advice on business conceptualization and feasibility, financing, management, capability building, human resources, marketing and other support services.

“With the support of our colleagues in government and the private sector, we can make the Go Negosyo Act a game-changing piece of legislation that can cut unemployment in the country by half–or even more,” Aquino said.

Sen. Bam’s Go Negosyo Bill: Ready, Set, Go!

The Senate has passed on second reading the Go Negosyo Bill, which seeks to address the Philippines’s rising unemployment rate by speeding up the current business registration process and boosting support for micro, small, and medium enterprises (MSMEs).

The latest figures show that 12.1 million or 27.5 percent of Filipinos are unemployed, the highest since August 2011 when the number reached 29.4 percent.

“There is an urgent need to create more jobs in the country. One way to do it is to make it easier for businesses to start up and succeed–which this bill will enable,” said Sen. Bam Aquino, author of Senate Bill No. 2046 or the Go Negosyo Bill, and chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

The lawmaker believes that by facilitating ease of doing business, potential investors and would-be entrepreneurs will be encouraged to put up their own businesses and boost hiring around the country.

With the bill slated to be tackled again on the floor next week, Aquino encourages fellow senators to join the push for its final approval.

“I call on my fellow lawmakers to join hands and push for the bill’s approval because it will be a big help to the government’s efforts to reduce unemployment and push for inclusive growth,” Aquino stressed.

If enacted into law, the measure will be the first inclusive growth-related act approved by the 16th Congress.

Department of Trade and Industry Secretary Gregorio Domingo welcomed the passage of the bill. “We laud the passage of the Go Negosyo Act on second reading at the Senate. We’re grateful to have a champion in the Senate like Senator Aquino, and we’re confident that with a law like this, we’ll be able to support MSMEs as an engine of inclusive growth,” Domingo said.

According to the bill, the MSME sector is essential and should be given enough attention as it comprises 99 percent of all businesses in the Philippines and at least 66 percent of all jobs in the labor force.

“The numbers show that boosting the MSME sector will help us create more decent, sustainable jobs that can lift many Filipinos out of poverty,” Aquino stressed.

The Go Negosyo Bill is designed to update two existing laws: the Magna Carta for MSMEs and the BMBE Law.

The measure strengthens the Magna Carta for MSMEs by establishing Negosyo Centers supervised by DTI in each city and municipality as a hub for MSME registration and development.

Through the help of the Negosyo Center, registration processes of agencies can be streamlined, making it easier for entrepreneurs to put up their businesses.

The Negosyo Center can also boost the development of MSMEs, by providing information for training, financing, and marketing; creating mentoring programs with the help of private institutions and local chambers; and opening access to grants and other forms of financial assistance.

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