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PIA Press Release
2007/04/26

Oro Chamber slates 2nd BMBE confab to tackle issues

Cagayan de Oro City (26 April) -- THE Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (Oro Chamber) will conduct the 2nd Barangay Micro-Business Enterprise (BMBE) Conference on May 3 at the Pearlmont Inn, Limketkai Drive, Cagayan de Oro City to tackle prevailing issues and concerns hounding the implementation of the BMBE Law.

The conference will be conducted along with the City Government and regional offices of the Department of Trade and Industry (DTI), Department of Interior and Local Government (DILG), Technical Education and Skills Development Authority (TESDA), Bureau of Internal Revenue (BIR) and BPI Family Savings Bank.

According to the Oro Chamber, it has been five years since the Barangay Micro-Business Enterprise (BMBE) Law was legislated in the Philippines.

The main purpose of this law is to promote the creation and sustainability of the Small and Medium Enterprise (SME) sector which, comprises 99% of our country's established firms nationwide and contributes 32% to the Philippine economy.

Thus, with the BMBE law, these barangay-based enterprises should be able to upgrade into small or medium industries effectively creating a stronger and more competitive economy.

For the past two years, the Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) has been processing the BMBE applications in Cagayan de Oro.

It is the only business organization in Mindanao that does so, which is only apt since the organization's mission is to foster, promote and protect the private sector.

Being the official clearing house for the city's BMBE applications has given the Oro Chamber a clearer perspective of the city's current business situation.

It was noticed that there was an increase in the applications as well as inquiries as to what exactly the BMBE law is and how this affects one's business.

The incentives usually highlighted are the exemption from the minimum wage law, exemption from taxes and fees and the special credit window from DBP, Landbank, Small Business and Guarantee Finance Corporation (SBGFC) and People's Credit and Finance Corporation (PCFC).

However, complaints are almost in equal proportion to inquiries. As a result, the Oro Chamber has taken the initiative to revisit and take a closer look at the BMBE law and to tackle current issues and concerns, through this upcoming one-day conference.

There will be a minimal registration fee of P400 only to cover for the lunch, snacks and conference materials.

Further inquiries, may be directed at the Oro Chamber office at tel. nos. (088) 856-3764, (8822) 726-492, mobile no. 0920-9510998 or e-mail at orochamber@gmail.com.

The Oro Chamber will start serving clients on May 1 from its new office at the second floor, Tia Nanang's Bldg., Ramonal Chaves-Corrales Streets, Cagayan de Oro City. (Oro Chamber/PIA-MisOrOccCam i-Net) [top]

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