Professional Documents
Culture Documents
SME Characteristics Phils
SME Characteristics Phils
CHARACTERISTICS
and
STATISTICAL NEEDS
in the
PHILIPPINES
By Benel P.
Lagua
Small and Medium Enterprises in
the Philippines
Current State of SMEs in the
Philippine Economy
Available SME Statistics
Deficiencies in the present system
of SME statistics
Current initiatives to develop
SME statistics
Conclusion
A. SMALL & MEDIUM
ENTEPRISES in the Philippines
Micro - up to 3,000,000
Small - P3,000,001 - 15,000,000
Medium - P15,000,001 - 100,000,000
Large - above P100,000,000
B. Current State of SMEs in the
Philippine Economy
They don't register, don't keep books and don't pay taxes.
They operate beyond the reach of the law. They have little
or no access to organized markets, credit institutions,
educational or training centers or public services.
Although efforts are being made by the government to
bring the underground economy to the surface, the nature
of this sector makes it very difficult to gather and process
statistics on them.
E. What are the current initiatives to
develop SME statistics?
1. National Business Registration (NBR) Project
The NBR project aims to address the growing concern of having
consolidated information on all the registered businesses in the
country.
Currently, no government agency has a complete record of all registered
businesses since registration is being done by various agencies. It is
the objective of the NBR project to integrate the information
contained in the various agencies and have a single consolidated
database containing basic information of all registered businesses.
The NBR project is considered a “timely” project for the country in this
day and age of global economy. The NBR will not only enable
Filipino entrepreneurs to find business ventures with fellow Filipinos
but with foreign investors as well.
2. SME Database Project
The SME Database (headed by the DTI SME-Project Management
Office) aims to act as a repository (databank) of the corporate
profiles of SMEs. Its objective is to serve as a tool for monitoring
the assistance given by the different agencies to each SME firm.
The database is also designed to identify individual companies
and to track the kinds of government assistance given to each.