Bill Type
Congress Name
Long Title
AN ACT TO SUPPORT THE DEVELOPMENT OF A CAPITAL MARKET TO STRENGTHEN THE COMPETITIVENESS OF SMALL, MEDIUM & NEW TECHNOLOGY ENTERPRISES (SMEs/NTEs), AND FOR OTHER PURPOSES
Date filed
July 31, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1756, 12th Congress of the Republic | |
| FULL TITLE : AN ACT TO SUPPORT THE DEVELOPMENT OF A CAPITAL MARKET TO STRENGTHEN THE COMPETITIVENESS OF SMALL, MEDIUM & NEW TECHNOLOGY ENTERPRISES (SMEs/NTEs), AND FOR OTHER PURPOSES | |
| ABSTRACT : This bill aims to assist small, medium and new technology enterprises (SMEs/NTEs) in obtaining their financing requirements from the developing capital market in the country. In particular, this measure proposes the establishment of a stock exchangethat will cater to SMEs/NTEs. A Small and Medium Enterprises Stock Exchange (SMEX) can be the equities market of growing businesses that may still not meet the capitalization requirements for public listing by the Philippine Stock Exchange (PSE). Public listing in the SMEX may well provide SMEs/NTEs with a cheap and steady pool of funds for their business requirements. | |
| PRINCIPAL AUTHOR/S : BARBERS, ROBERT ACE S. | |
| DATE FILED : 2001-07-31 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Zialcita (013 ) | 2. Badelles (020 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2001-08-06 |
Abstract
This bill aims to assist small, medium and new technology enterprises (SMEs/NTEs) in obtaining their financing requirements from the developing capital market in the country. In particular, this measure proposes the establishment of a stock exchangethat will cater to SMEs/NTEs. A Small and Medium Enterprises Stock Exchange (SMEX) can be the equities market of growing businesses that may still not meet the capitalization requirements for public listing by the Philippine Stock Exchange (PSE). Public listing in the SMEX may well provide SMEs/NTEs with a cheap and steady pool of funds for their business requirements.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.