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ENTREPRENEURSHIP
An act providing for the development of entrepreneurship skills among government employees for an innovation inspired corps of civil servants and productive post-service citizenry.
SECTION 1. Short Title This act shall be known as the Government Employees Entrepreneurship Development Act of 2008
SECTION 2. Declaration of Policy It shall be the policy of the State to enhance the human and intellectual capital of the government and to ensure a healthy and productive life for government employees after they shall have been retired from public service.
SECTION 3. Objectives
(a) To Ensure the continues flow of innovative and development-oriented government programs and projects for entrepreneurial development and
(b) To ensure the maintenance of highly competitive government employees and the creative use of such resources whether in-service or postservice.
SECTION 4. Establishment of Entrepreneurial Programs All government offices and agencies shall prepare a post-service Entrepreneurship Development Program (EDP) for its employees based on guidelines prescribed by the Civil Service Commission
SECTION 6. Networking with Government Financial Institutions The agency head concerned shall link with existing government financial institutions (GFIs) to provide sources of financing for the entrepreneurial projects of its employees.
SECTION 8. Post-Service Assistance All government agencies shall extend post-service assisstance to their retirees and shall include this function in their Human Resources Department (HRD). SECTION 9. Application of Present Law The provision of Republic Act No. 6713, otherwise known as the Code of Conduct and Ethical Standards for the public Officials and Employees, under Section 7, on Prohibited Acts and Transactions, subparagraphs (a), (b) and (c), shall be observed in the implementation of this act.
SECTION 10. Implementing Rules and Regulations The Civil Service Commission, in coordination with the members of the Council, shall promulgate the rules and regulations needed to implement the provisions of the act. SECTION 11. Separability Clause If any section or provision of this Act shall be declared invalid or unconstitutional, such shall not invalidate any other section or provision of this Act.
SECTION 12. Repealing Clause All laws, presidential decrees, executive orders, other executive issuances or parts thereof which are inconsistent with this Act are hereby repealed or modified accordingly.
This act shall take effect fifteen (15) days after its publication in the Official Gazette or in a national newspaper of general circulation.
I.
This Magna Carta is the landmark legislation which reflects the current policy to foster a dynamic SME sector, particularly rural and agri-based manufacturing ventures. This law is guided by three (3) principles: 1. Minimal set of rules and simplification of procedures and requirements 2. Participation of private sector in the implementation of SME policies and programs 3. Coordination of government efforts
I.
II. An Act Providing Assistance to Women (RA 7882) These recognizes the special role of women in development and supports women entrepreneurs who are engaged in manufacturing, processing, service and trading businesses. The Government Financing Institutions (GFIs) are mandated to provide assisstance to: 1. Non-government organization (NGOs) engaged in developing womens enterprises to a limit of P2M 2. Existing Women enterprises to the upper limit if P50,000; and 3. Potential women entrepreneurs with sufficient training up to a limit of P25,000 each.
III. SME Development Strategy, 1998 The SME had its strategies that prioritizes the following five strategic imperatives in SME development: 1. Narrowing the focus by identifying priority sectors 2. Promoting mutually beneficial linkages among small and large firms - Promote industrial-subcontracting exchange schemes.
3. Strengthening technology and R&D initiatives - Boost agencies effort in examining and promoting technologies that would benefit SMEs.
4. Bolstering human resource development - Create and expand curricular training programs in entrepreneurship, management and technical skills for SMEs.
5. Improving access to finance - Develop innovative financing schemes using non-traditional sources and schemes such as cooperatives and associations and equity financing and venture capital respectively.
The PEDP 1999-2001 provides the guide to boost export performance for the next time three years and lay the groundwork to develop a sustainable and globally-competitive export industry. It puts emphasis on the synergy and complementation among the various programs and initiatives to
IV. Philippine Export Development, 1999-2001 The export-led agenda is supported by the following strategies. 1. Provision of a macroeconomic environment that promotes competitiveness, efficiency, and entrepreneurship. This includes maintenance of a low and stable domestic inflation rate, competitive exchange rate and favorable interest policy.
IV. Philippine Export Development, 1999-2001 Institutional support Department of Trade and Industry will focus no effective
representation and negotiations to improve market access, conduct of commercial intelligence. Private trade and investment promotion through private sector or corporate entities. Promote the development of strong and professional industry associations.
IV. Philippine Export Development, 1999-2001 3. Developing a competitive export base. Policy Level The PEDP presents a comprehensive Export Policy Agenda and outlines specific policy directions and initiatives necessary to support the export drive. It is presented in the following headings Financing Investment and Incentives Cost of Doing Business Agricultural Policies Technology Agenda Education and Training Employment Policy, labor and Productivity Competition Policy, Liberalization, and Intl Commitments Institutional Framework
IV. Philippine Export Development, 1999-2001 4. Information: As core trade development service. Strengthening of primary focal points for delivering, information
V. Other SME Initiatives Preliminary recommendations for the promotion and growth of SMEs: 1. Finance Increase and widen the access of SMEs Promote active participation of industry/trade/professional associations and Provincial SMEDCs in helping SMEs access financing from banks 2. Information Operationalize pro-active, efficient, comprehensive, reliable information delivery systems for competitive SME planning and increased productivity. Align databases according to SMEs needs. Promote IT/E-commerce.
3. Marketing Expand market share of selected sectors such as garments. Pursue trade promotions such as fairs, missions and promote IT/E-commerce in doing business. 4. Human Resource Development Increase the number of competent owners-managers and workers of SMEs Conduct benchmarking, documentation of best approaches in Human Resource Development
5. Technology Enhance productivity and competitiveness of SMEs through the effective and judicious application of technologies and related resources. Upgrade database systems on technologies for SMEs Match technology requirements of SMEs with existing programs/resources and conduct benchmarking activities.
The government of the Philippines is still open to new initiatives to properly position SMEs at competitive level in the global business arena. Similarly, there are efforts to tap the capital market as additional source of funds for SMEs. At present, eight small firms have been qualified for listing at the Philippine Stock Exchange Board but they have requested deferment until such time that the economy, so with the capital market, has fully recovered. Relative to this, there is a pending bill to establish a separate Board for SMEs which will be named as Small and Medium Stock Exchange (SMEX).
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