COTABATO CITY — “The Parliament shall pass laws to strengthen the growth and development of social enterprises in the Bangsamoro region to achieve social justice, social equity, and economic efficiency,” Atty. Maisara Latiph, the main author, said on the proposed Parliament Bill 157.
The proposed measure known as the Bangsamoro Social Enterprise Act of 2021 is aimed at creating a policy environment that promotes the creation and growth of the social enterprise sector.
The Parliament, as stated in the bill, shall empower social enterprise stakeholders and establish mechanisms necessary for realizing the SEs potential and realizing full growth.
“Through this policy, BARMM will work towards building peace, social inclusion and human capital development of its diverse population, achieving poverty reduction and addressing inequality,” the bills read.
The bill also recommends the creation of Bangsamoro Resilient and Inclusive Social Enterprises (RISE) for peace and sustainable development. It will help improve the development and growth of social enterprises and encourage inclusive innovation.
The planning framework of the RISE for Peace and Sustainable Development Program and its planning process will ensure that impoverished and marginalized communities are included as stakeholders. It will also identify and develop key SEs and resource institutions as partners in growth-oriented strategic economic sub-sectors.
The Bangsamoro Organic Law states that the Bangsamoro Government shall develop a self-reliance system and independent regional economy.
Under the proposed measure, social enterprises could operate in areas like social services, employment, women empowerment, protection and promotion of health, education, environment, tourism, and cultural heritage, sports activities, peace and reconciliation, and disaster risk reduction and management.
The Cooperative and Social Enterprise Authority will serve as the primary agency in promoting the viability and growth of cooperative and social companies in the region. It will be the Bangsamoro government’s primary agency for regulating and qualifying cooperatives and social enterprises in order to promote responsive, economic enterprises.
Local government units also play a role in SE development, such as developing and implementing a SE support and development plan, incorporating viable SE projects into their local development plans, allocating 5% of their funds to SE research, and prioritizing SE participation in public procurement procedures.
Other authors of the legislation ate MPs Atty. Suharto Ambolodto, Prof. Eddie Alih, Dr. Susana Anayatin, Diamila Ramos, Dr. Marjanie Macasalong, and Abdullah Ahang. (LTAIS-Public Information, Publication, and Media Relations Division)