Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
EIGHTEENTH CONGRESS 
Third Regular Session 
HOUSE BILL NO. _______ 
Introduced by HON. JOY MYRA S. TAMBUNTING 
EXPLANATORY NOTE 
Based on the 2018 statistics of the Department of Trade and Industry, micro, small and medium 
enterprises (MSMEs) make up 99.52% (which amounts to 998,342 MSMEs) of the recorded total 
of 1,003,111 business enterprises in the country. Majority of the MSME establishments are micro 
enterprises which constitutes 88.45% of the total, while small and medium enterprises make up 
10.58% and 0.49% of the total, respectively. During the same year, MSMEs have generated a 
total of 5,714,262 which constitutes over 60% of the country’s total employment. 
In recognition of the significant role of MSMEs to our economy, this proposed measure seeks to 
establish a learning institution which shall provide programs and trainings which will enhance the 
core competencies of individuals on entrepreneurship. This learning institution shall be known as 
the Philippine Entrepreneurs Academy. It is likewise the goal of this measure to promote 
entrepreneurship development in the fields of agriculture, trade, technology, and the 
manufacturing sector.  
On behalf of the people of Parañaque City’s Second District, and for the common good of the 
Filipino people, the approval of the said measure is earnestly sought. 
REP. JOY MYRA S. TAMBUNTING 
2nd District, Parañaque City 
June 25, 2021
9:00 pm
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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
EIGHTEENTH CONGRESS 
Third Regular Session 
HOUSE BILL NO. _______ 
Introduced by HON. JOY MYRA S. TAMBUNTING 
AN ACT 
ESTABLISHING THE PHILIPPINE ENTREPRENEURS ACADEMY, AND 
APPROPRIATING FUNDS THEREFOR 
Be it enacted by the Senate and the House of Representatives of the Philippines in Congress 
assembled: 
Section 1. Short Title. – This Act shall be known as “Philippine Entrepreneurs Academy Act.” 
Section 2. Establishment. – There is hereby established a learning institution under the 
supervision of the Commission on Higher Education (CHED), to be known as the "Philippine 
Entrepreneurs Academy", hereinafter referred to as the Academy.  
Section 3. General Mandate. – The Academy shall provide undergraduate and graduate 
degree programs, short-term technical-vocational non-degree courses and modular trainings that 
will enhance the core competencies of Individuals on entrepreneurship. It shall cater to technical-
vocational, college, and graduate students. It shall also promote the relevance of 
entrepreneurship to job generation and its significant role to the sustainable economic growth of 
the country. 
The Academy shall formalize and integrate, under a school system, the non-formal 
entrepreneurship programs and short-term technical-vocational courses of the Technical 
Education and Skills Development Authority (TESDA), Department of Trade and Industry (DTI), 
Department of Science and Technology (DOST), and other government agencies. It shall also 
administer education and consultancy, and supervise publication on entrepreneurship. It shall 
also conduct scientific and policy-oriented research and training. 
Section 4. Curricular Offerings. – The Academy shall offer undergraduate and graduate 
degree programs and short-term diploma or certificate courses on entrepreneurship, including 
entrepreneurship development in the fields of agriculture, trade, technology, and the 
manufacturing sector. The curriculum and modules of the programs shall be designed and 
developed following the competency-based curriculum model and In accordance with the 
mandate of this Act.  
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Section 5. School Sites. – The Academy shall have two (2) campuses, with the main campus 
to be established in the Clark Freeport and Special Economic Zone located in the Provinces of 
Pampanga and Tarlac, to be known as the Entrepreneurs Academy-Clark campus. The other 
campus shall be located in the City of Baguio, to be known as the Entrepreneurs Academy-Baguio 
City campus.  
 
Section 6. Governing Board. – The governing board of the Academy shall be the Board of 
Trustees, hereinafter referred to as the Board, which shall be chaired and co-chaired by the 
Chairperson of the CHED, and the President of the Academy, respectively, with the following as 
members: 
 
a. Chairperson of the Committee on Higher, Technical and Vocational Education of the 
Senate; 
b. Chairperson of the Committee on Higher and Technical Education of the House of 
Representatives; 
c. Director General of the TESDA; 
d. Director General of the National Economic and Development Authority (NEDA); 
e. Secretary of the DOST; 
f. Secretary of the DTI; 
g. President of the federation of faculty associations of the Academy; 
h. President of the federation of student councils of the Academy; 
i. 
President of the federation of alumni associations of the Academy; and 
j. Two (2) prominent citizens from the private sector who have distinguished themselves in 
their professions or fields of specialization. 
The members of the Board shall not receive any compensation or remuneration for their services 
as such, but may be reimbursed for actual and necessary expenses Incurred In discharging the 
business of the Academy. 
 
Section 7. Powers and Duties of the Board. – The Board shall be the highest policymaking 
body of the Academy. In addition to its general powers of administration and the exercise of all 
the powers granted to the Board of a corporation under existing laws, the Board shall have the 
following specific powers and duties: 
 
a. Promulgate and implement policies in accordance with the declared State policies and 
pertinent provisions of the Philippine Constitution on education, as well as policies, 
standards and thrusts of the CHED under Republic Act No. 7722, otherwise known as the 
"Higher Education Act of 1994"; 
 
b. Prepare, adopt and enact rules and regulations not contrary to law, as may be necessary 
to carry out the purposes and functions of the Academy, and to effectively discharge its 
responsibilities; 
 
c. Receive assistance from any legitimate source to augment the Internal sources of funds, 
as may be provided, for the support of the Academy in the manner it may determine, in 
its discretion, to carry out the purposes and functions of the Academy; 
 


d. Constitute the Board, as herein defined; 
 
e. Appoint the President and as many Vice-Presidents as may be necessary to assist the 
President in the administration of the affairs of the Academy; 
 
f. Review periodically the administrative procedures and programs of the Academy; 
 
g. Receive, in kind and in trust, legacies, gifts and donations of real and personal properties 
of all kinds, to administer and dispose the same when necessary for the benefit of the 
Academy, subject to the limitations, discretions and instructions of the donors, if any; 
 
h. Fix the tuition fees and other school charges such as matriculation fees, graduation fees, 
laboratory fees, and other miscellaneous fees as the Board may deem proper to Impose 
after due consultations with the Involved sectors: Provided, That these fees shall not be 
prohibitive or unreasonable as to deviate from the purpose for which the Academy was 
created based on the guidelines of the CHED; 
 
Such fees and charges, including government subsidies and other incomes generated by 
the Academy, shall constitute its regular fund and shall be deposited in any authorized 
government depository bank, and all interests that shall accrue therefrom shall form part 
of the same fund for the use of the Academy.  
 
Any provision of existing laws, rules and regulations to the contrary notwithstanding, any 
income generated by the Academy from tuition fees and other charges, as well as from 
the operation of auxiliary services and land grants, shall be retained by the Academy, and 
may be disbursed by the Board for instruction, research, extension services, or other 
programs and projects of the Academy: Provided, That all fiduciary fees shall be disbursed 
for the specific purposes for which they were allocated.  
 
Of for reason beyond its control, the Academy shall not be able to pursue any project for 
which funds have been appropriated and allocated under its approved program of 
expenditures, the Board may authorize the use of said funds for any reasonable purpose 
which, in its discretion, may be necessary and urgent for the attainment of the objectives 
and goals of the Academy. 
 
i. 
Adopt and implement a socialized tuition scheme for greater access of poor, but deserving 
students in accordance with Republic Act No. 10931 or the "Universal Access to Quality 
Tertiary Education Act''; 
 
j. Authorize the construction or repair of its buildings, machineries, equipment, and other 
facilities, as well as the purchase and acquisition of real and personal properties, including 
the necessary supplies, materials, and equipment; 
 
k. Appoint, upon the recommendation of the President of the Academy, the deans, executive 
directors, heads of departments, faculty members, and other officials and employees; 
 


l. 
Prescribe the salaries of faculty members and administrative officials and employees, 
subject to the provisions of Republic Act No. 11466, otherwise known as the "Salary 
Standardization Law of 2019" and civil service rules and regulations governing hours of 
service and related concerns, and other pertinent laws; 
 
m. Formulate and implement the curricula and institutional programs of the Academy: 
Provided, That they comply with the minimum CHED requirements and guidelines; 
 
n. Formulate and promulgate the rules of discipline for the students of the Academy to 
ensure orderly and effective governance thereof; 
 
o. Set policies on admission and graduation of students: Provided, That they conform with 
the CHED guidelines; 
 
p. Award honorary degrees upon persons in recognition of outstanding contribution in the 
field of education, public service, arts, science and technology, or any field of specialization 
within the academic competence of the Academy and to authorize the issuance of 
certificates of completion of non-baccalaureate programs and nontraditional or innovative 
courses: Provided, That these conform with the applicable guidelines of the CHED and 
TESDA; 
 
q. Establish research and extension centers of the Academy where such will promote the 
development of the latter; 
 
r. Establish professional chairs in the Academy and provide fellowships for qualified faculty 
members and scholarships to deserving students; 
 
s. Enter into any agreements or joint ventures with business and industry for the profitable 
management of the economic and manpower assets of the Academy, the proceeds from 
which shall be used for upgrading of facilities and its development; 
 
t. Authorize an external management audit of the Academy, to be financed by the CHED, 
subject to the rules and regulation of the Commission on Audit and institute reforms, 
including academic and structural changes, on the basis of the audit results and 
recommendations; 
 
u. Import economic, technical and cultural books and publications; 
 
v. Develop consortia, academe-industry linkages and other forms of networks with other 
institutions and agencies, both public and private, local and foreign: Provided, That these 
comply with the applicable guidelines of the CHED in furtherance of the purposes and 
objectives of the institutions as well as develop academic arrangements for institution 
capacity and capability building with appropriate institutions and agencies, public and 
private; 
 


w. Appoint experts and specialists as consultants, or visiting or exchange professors, 
scholars, researchers, as the case may be: Provided, That the appointment shall conform 
to the CHED guidelines; 
 
x. Set up the adoption of modern and Innovative modes of transmitting knowledge, such as 
the use of information technology, the dual training system, open distance learning, and 
community laboratory for the promotion of greater access to education; 
 
y. Outsource, where most advantageous to the institution, the management of non-
academic services such as health, food, building or grounds or property maintenance and 
similar objectives; 
 
z. Delegate any of its powers and duties to the President or the other officials of the 
Academy, as it may deem appropriate, so as to expedite the administration of the affairs 
of the Academy; 
 
aa. Extend the term of the President of the Academy beyond the age of retirement, when 
deemed meritorious due to outstanding performance, but not later than the age of seventy 
(70) years old; and  
 
bb. Promulgate rules and regulations, as may be necessary, to carry out the purposes and 
functions of the Academy. 
 
Section 8. President of the Academy. – The Academy shall be headed by a President, who 
shall render full-time service and shall be appointed by the Board upon the recommendation of a 
duly constituted Search Committee. The President shall also be the chief executive officer of the 
Academy.  
 
The President shall have a term of four (4) years and shall be eligible for reappointment to another 
term. Within six (6) months before the expiration of the term of office of the incumbent President 
of the Academy, the Board shall constitute the Search Committee for the Presidency.  
 
The President shall receive such compensation and remuneration in accordance with Republic Act 
No. 11466 or the "Salary Standardization Law of 2019", and by such other laws amendatory 
thereto, which may hereinafter be enacted, and shall be comparable to that being received by 
the Presidents of similar educational institutions. 
 
The President shall exercise the following powers and duties: 
a. Submit, for the consideration of the Board and Executive Committee, the policies and 
measures which are necessary to carry out the purposes of the Academy; 
b. Recommend, coordinate, and administer the programs and projects of the Academy; 
c. Direct and supervise the operations and Internal administration of the Academy, and 
delegate administrative responsibilities in accordance with the rules and regulations of the 
Academy; 


d. Submit an annual report to the Board setting forth the accomplishments of the Academy. 
during the year, Its financial operations and status, and a program and budget for the 
ensuing year; and 
e. Exercise other powers and discharge other functions, as may be vested by the Board and 
the Executive Committee. 
The Board shall designate an Officer-In-Charge (OIC) of the Academy in case of vacancy In the 
Office of the President by reason of death, compulsory retirement, resignation, removal for cause 
or incapacity of the President to perform the functions of the office, pending the appointment of 
a new President: Provided, That the OIC shall serve only during the unexpired portion of the 
term. 
 
The powers and duties of the President of the Academy, in addition to those provided in this Act, 
shall be those usually pertaining to the Office of the President of similar educational institutions, 
and those delegated by the Board. 
 
Section 9. Executive Committee. – There shall be an Executive Committee consisting of the 
President of the Academy and four (4) other members to be elected by the Board from its 
members. Each Member of the Executive Committee, other than the President of the Academy, 
shall hold office for a term of two (2) years, and shall be eligible for re-election, unless at the 
time of election, a short term is specified. The Board shall elect the Chairperson of the Executive 
Committee from the membership of the Board. 
 
Section 10. Functions of the Executive Committee. – The Executive Committee shall 
administer the affairs of the Academy in accordance with such functions, powers and 
responsibilities as may be delegated by the Board.  
 
Section 11. Government Support and Coordination. – The CHED Chairperson is' hereby 
authorized to call upon any department, bureau, agency or instrumentality of the government for 
such assistance as may be necessary for the effective implementation of this Act. 
 
Section 12. Tax Exemption. – The importation of economic, technical and cultural books and 
·publications, which are for economic, technical, vocational, scientific, philosophical, historical or 
cultural purposes made by the Academy, upon certification by the CHED, shall be exempt from 
customs duties in accordance with the provisions of Republic Act No. 10863, otherwise known as 
the "Customs Modernization and Tariff Act". 
 
All grants, bequest, endowments, donations and contributions made to the Academy, to be used 
actually, directly and exclusively by it, shall be exempt from donor's tax and the same shall be 
considered as allowable deduction from the gross income in the computation of the income tax 
of the donor, in accordance with the provisions of the National Internal Revenue Code of 1997, 
as amended. 
 
Section 13. Appropriations. – The amount necessary for the immediate implementation of this 
Act shall be included in the annual General Appropriations Act.  
 


Section 14. Implementing Rules and Regulations. – Within ninety (90) days from the 
approval of this Act, the CHED, in coordination with the TESDA and the DTI, shall formulate the 
necessary rules and regulations to fully implement the provisions of this Act. 
 
Section 15. Separability Clause. – If, for any reason, any part or provision of this Act is 
declared invalid or unconstitutional, the remaining parts or provisions not affected shall remain 
in full force and effect.  
 
Section 16. Repealing Clause. – All laws, presidential decrees, executive orders, rules and 
regulations contrary to or Inconsistent with the provisions of this Act are repealed or modified 
accordingly.  
 
Section 17. Effectivity. – This Act shall take effect fifteen (15) days after its publication in the 
Official Gazette or in a newspaper of general circulation. 
 
Approved,