Republic Act No. 10644

Sen. Bam invites returning OFWs to Negosyo Centers

Sen. Bam Aquino encouraged returning overseas Filipino workers (OFWs) and those affected by the deployment ban to visit the nearest Negosyo Center in their area to get the necessary assistance in starting their own business.

“May maaasahan kayong libreng tulong upang makabuo ng kabuhayan at negosyo. Inaanyayahan namin ang kayo na bumisita sa pinakamalapit na Negosyo Center,” said Sen. Bam, principal author and sponsor of the Negosyo Center law or Republic Act No. 10644, the Go Negosyo Act.

“Sa tulong ng ating Negosyo Centers, makakapagtayo ang ating OFWs ng sariling negosyo na maaari nilang pagkunan ng ikabubuhay para hindi nila kailangang iwan pa ang pamilya para mangibang-bansa,” added Sen. Bam.

As of last count, there are around 800 Negosyo Centers in different parts of the country, ready to cater to the needs of those who want to start or expand their own business.

The senator said that while this is not the ultimate solution to the issue, every agency and every Filipino with the opportunity to support our returning OFWs must do their part and lend a helping hand.

The Negosyo Center provides access to markets and financing for businesses, training programs, and a simplified business registration process, thus helping ease of doing business and fast-track government processes in putting up a business.

The law mandates the establishment of Negosyo Centers in all municipalities, cities and provinces that will assist micro, small and medium enterprises in the country.

The Go Negosyo Act was passed during Sen. Bam’s term as chairman of the Committee on Trade, Commerce and Entrepreneurship. It was the first of 19 laws passed by Sen. Bam in the 16th and 17th Congress.

In the 17th Congress, Sen. Bam filed Senate Bill No.  648 or the Migrant Workers and Overseas Filipino Assistance Act to boost support for the OFW community and the families they leave back home.

If enacted into law, the measure will integrate programs on livelihood, entrepreneurship, savings, investments and financial literacy to the existing efforts of embassies to equip OFWs with knowledge to start their own business.

In a survey conducted by the Bangko Sentral ng Pilipinas (BSP) last September 2015, only 38.2 pecrcent of the 563 household-respondents said that a portion of the money from OFWs are set aside for savings.

Aside from the livelihood aspect, Sen. Bam’s measure mandates the Public Attorney’s Office to establish a help desk in every international port of exit in the Philippines to offer legal service, assistance and advice to departing migrant workers.

Bam lauds public, private sector for success of Negosyo Centers

Senator Bam Aquino credited the success of Negosyo Centers to the continued cooperation between the legislative and executive branches of government as well as the private sector.

 “Maayos po iyong batas, nakapondo po ito. Ngayon po ipinasa na sa executive. In fairness to our DTI family, buong-buo ang kanilang pagtanggap sa Negosyo Center. They’ve made the Negosyo Center one of their priorities,” said Sen. Bam during the launching of the 400th Negosyo Center in Marikina City.

 Sen. Bam is the principal author and sponsor of the Republic Act No. 10644 or the Go Negosyo Act in the Senate.

Through the Negosyo Center, Sen. Bam said the Department of Trade and Industry (DTI) now has a frontline service organization that will cater to the needs of micro, small and medium entrepreneurs.

“May 400 na sentro na pong pupuntahan ang ating mga maliliit na negosyante para makahingi ng tulong, kahit saan pa sila bansa,” Sen. Bam pointed out. 

Sen. Bam also lauded the private sector and non-government organizations for its participation in the success of the Negosyo Centers.

“In many areas, the Negosyo Center has become a focal point for support, even NGOs, microfinance groups, basta may kinalaman sa pagtulong sa maliliit na negosyante, ito na ang kanilang bahay,” the senator pointed out.

 The Go Negosyo Act, the first law passed by Sen. Bam in the 16th Congress, mandates the establishment of Negosyo Centers in all municipalities, cities and provinces that will assist micro, small and medium enterprises in the country.

 The Negosyo Center will provide access to bigger markets and financing for businesses, training programs, and a simplified business registration process, thus helping ease of doing business and fast-track government processes in putting up a business.

Sen. Bam continues to work closely with the DTI to ensure the effective implementation of the law.

According to the DTI, the number of Negosyo Centers will increase to 420 by the end of 2016.

Bam to Christmas Negosyos: Visit Negosyo Center for advice, support

Sen. Bam Aquino encouraged traders to visit a Negosyo Center first to get proper advice, guidance and training as they embark on a business venture this Christmas season.

“Ngayong kapaskuhan, maraming magtatayo ng bazaar sa pamilihan at mall, kaya inaasahan natin na maraming negosyante ang sasali sa mga ito,” said Sen. Bam, principal author and sponsor of the Republic Act No. 10644 or the Go Negosyo Act in the Senate.

“Sa lahat ng gustong sumabak sa negosyo, maaasahan niyo ang tulong at suporta ng mga Negosyo Center,” added Sen. Bam, chairman of the Committee on Trade, Commerce and Entrepreneurship in the 16th Congress.

 At present, over 300 Negosyo Centers are now established in different parts of the country to cater to the needs of micro, small and medium enterprises.  The number is expected to rise before the year ends.

 The Go Negosyo Act, the first law passed by Sen. Bam in the 16th Congress, mandates the establishment of Negosyo Centers in all municipalities, cities and provinces that will assist micro, small and medium enterprises in the country.

 The Negosyo Center will provide access to bigger markets and financing for businesses, training programs, and a simplified business registration process thus helping ease of doing business and fast-track government processes in putting up a business.

Aside from the Go Negosyo Act, Sen. Bam has five other laws focused on the development of MSMEs in the country.

 These are the landmark Philippine Competition Act, Foreign Ships Co-Loading Act, Microfinance NGOs Act, Youth Entrepreneurship Act and Credit Surety Fund Cooperative Act.

To know the Negosyo Center near you, visit https://www.bamaquino.com/gonegosyoact/negosyo-center-tracker/.         

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