These consist of enterprises engaged in industry, agribusiness and or services, whether single proprietorship, cooperative, partnership or corporation.
Their total assets, inclusive of those arising from loans but exclusive of the land on which the particular business entity’s office, plant and equipment are situated, have value of not more than ₱3 million.
In other words, a business or activity may be eligible to register as BMBE if they meet the following criteria: Senator Bam Aquino was reported to announce his intention to pass two bills on MSMEs within a year.
The activity included the launching of a fabrication laboratory; innovation technopreneurship; the Negosyo Center in the region; an E-Commerce forum; and a host of trainings for various business types.
Since the third quarter of 2016, a move to empower micro businesses through an active eco system of support through funding, logistics and creative guidance has begun to take place.