Search results
Results From The WOW.Com Content Network
A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below . In the Philippines, about 90 percent of all businesses are categorized as micro businesses. These consist of enterprises engaged in industry, agribusiness and or services, whether single proprietorship, cooperative, partnership or ...
Small and medium-sized enterprises. Small and medium-sized enterprises ( SMEs) or small and medium-sized businesses ( SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the OECD, European Union, the United Nations, and the ...
An estimated 800,000 sari-sari stores hold a significant portion of the domestic retail market and the country’s GDP. 13 percent or Php 1.3 trillion of the Philippines GDP of Php 9.7 trillion in the year 2011 came from retail, which is composed largely of micro, small, and medium-sized enterprises (MSMEs) or small businesses like sari-sari ...
Jurisdiction. As prescribed by House Rules, the committee's jurisdiction is on the policies and programs on entrepreneurship development which includes the promotion of the following: [1] Entrepreneurship. Establishment and continuing viability and growth of small and medium-scale enterprises. Support to entrepreneurs.
A micro-enterprise (or microenterprise) is generally defined as a small business employing nine people or fewer, and having a balance sheet or turnover less than a certain amount (e.g. € 2 million or PhP 3 million). The terms microenterprise and microbusiness have the same meaning, though traditionally when referring to a small business ...
Location of the Philippines. The Philippines is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. It is a founding member of the United Nations, World Trade Organization, Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation forum, and the East Asia Summit.
In the Philippines, a government-owned and controlled corporation ( GOCC ), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
Small Business Corporation (SB Corp) Attached agencies are actually sub-agencies of any national departments of the national government organization in the Philippines in which creation is established by special laws and its operation is independent of its mother unit. The mother unit only serves as supervisory on these special attached agencies.