The Magna Carta for Micro, Small and Medium Enterprises classifies an enterprise as a Micro Enterprise if it has total assets amounting to not more than Three Million Pesos (PhP3,000,000.00).

A Small Enterprise is classified as such if it has total assets amounting to more than Three Million Pesos but not more than Fifteen Million Pesos (PhP3,000,001 to PhP15,000,000).

A Medium Enterprise is classified as such if it has total assets amounting to more than Fifteen Million Pesos but not more than One Hundred Million Pesos (PhP15,000,001 to PhP100,000.00)

The second week of July of every year shall be declared as the “Micro, Small, and Medium Enterprise Development Week” in order to institute continuing awareness of the primacy of small business in nation-building and in people empowerment, and to celebrate and espouse the firm commitment of the State in the promotion, growth and development of small business.

Those who have served the probationary period shall be made regular or permanent. Full-time teachers who have satisfactorily completed their probationary period shall be considered regular or permanent.

Schools, its administrators and teachers, or those individuals, entities or institutions engaged in child care have special parental authority and responsibility over minor students under their supervision, instruction or custody.

The school, its administrators and teachers, or the individual, entity or institution engaged in child care shall have special parental authority and responsibility over the minor child while under their supervision, instruction or custody.

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Except in cases expressly specified by the law, or when it is otherwise declared by stipulation, or when the nature of the obligation requires the assumption of risk, no person shall be responsible for those events which could not be foreseen, or which, though foreseen, were inevitable.

The month of July of every year as a National Disaster Consciousness Month and Institutionalizing the Civil Defense Deputization Program. (Executive Order No. 137, s. 1999)

By virtue of Proclamation No. 133, Series of 1949, the first Saturday of July of each year is designated as “International Cooperative Day in the Philippines”.

The National Anti-Poverty Commission was created to serve as the coordinating and advisory body for the implementation of the SRA.