3rd Barangay Micro Business Enterprises (BMBE) Conference in Northern Mindanao

The 3rd Barangay Micro Business Enterprises (BMBE) Conference in Northern Mindanao is set on October 4 at the Atrium, Limketkai Mall, this city.

The whole-day affair will tackle the implementation of RA 9178 or the BMBE Act of 2002 in the region.

The BMBE law was created to provide incentives to businesses with a capitalization of less than 3 million pesos, respectively.

Among its benefits are the exemptions from implementing the minimum wage law, payment of income taxes and fees and financing opportunities.

The Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber), which has served as the BMBE secretariat of the city following City Ordinance No. 8851-2003, provides assistance to BMBE applicants.

It also conducts orientations and conferences that are designed to educate the public about the significance of the law.

“We know that these micro entrepreneurs need all the assistance they can get. Considering their great number, they can pump prime our economy,” said Oro Chamber President Rudy Menes.

“There are many BMBE applicants in the city but still a lot do not know what the law is about and how it will benefit them. That is why we at the chamber are conducting orientation sessions for this sector,” he added.

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