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PIA Press Release
2008/10/07

Leyte's 5,077 MSMEs registered in 2007 generate more than 11,000 new jobs

Tacloban City (October 7) -- Based on the Business Names Registration of the Department of Trade and Industry, about 11,186 new jobs were generated by the 5,022 Micro, Small and Medium Enterprises which were registered in 2007.

These statistics are manifestations of the Provincial Government of Leyte's unceasing campaign for the development of Micro, Small and Medium Enterprises which are the backbone of the Philippine economy, in the province.

The new jobs generated by the Leyte MSMEs in 2007 represent more than one half of the total 24,000 new jobs were generated in the six provinces in Eastern Visayas, by the Micro, Small and Medium Enterprises registered in 2007.

Statistics provided by Ms. Vangie Paran of the National Statistical Coordination Board showed that among the six provinces in Eastern Visayas, the province of Leyte registered the most number of MSMEs at 5,022.. The MSMEs, in the province of Leyte also produced the highest number of new jobs at 11,186 in the year 2007.

The province of Samar registered about 1,037 MSMEs in 2007, the third highest in the region. It ranks second in terms of new jobs generated with 6,780. However, the province of Samar posted the highest increase which was more than triple, from 1446 in 2006 to 6,780 jobs generated in 2007.

The province of Southern Leyte registered 1,047 MSMEs in 2007, the second highest in the Region. However, the MSMEs generated the least number of new jobs, only 1,009, much lower than the number of jobs the province generated in 2006 at 2,522.

The province of Biliran registered the least number of MSMEs in 2007 at 306 and generated the second least number of new jobs generated in 2007 at only 1023.

The province of Eastern Samar registered the second least number of MSMEs in 2007 at only 449 but it ranked 3rd highest in the number of jobs generated by the MSMEs at 2,401.

Meanwhile, the province of Northern Samar registered 653 and generated 2,199 new jobs in 2007.

The Magna Carta for Small Enterprises define Micro, Small and Medium Enterprises as any business activity or enterprise engaged in industry, agribusiness and/or services, whether single proprietorship, cooperative, partnership or corporation whose 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, must have value falling under not more than P3 Million for Micro Enterprises; from P3,000,001 to P15 Million for Small Enterprises; and from P15,000,001 to P100 Million for the Medium Enterprises. (PIA 8) [top]

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