The following activities conducted as business are classified as commercial activities: Provided, That this shall not apply to activities conducted by persons who manufacture goods or render services solely for the purpose of earning wages: <Amended by Act No. 5053, Dec. 29, 1995; Act No. 10281, May 14, 2010>
1. Sale of movables, immovables, securities, or any other assets;
2. Lease of movables, immovables, securities, or any other assets;
3. Activities relating to manufacturing, processing, or repair;
4. Activities relating to the supply of electricity, electric wave, gas, or water;
5. Undertaking of subcontracting execution of works or labor services;
6. Activities relating to publishing, printing, or photographing;
7. Activities relating to advertisements, communications, or information;
8. Receiving and giving credit, exchanges, or other financial transactions;
9. Transactions by facilities used by the public;
10. Undertaking of agency for commercial transactions;
11. Activities relating to brokerage;
12. Activities relating to commission agency or any other intermediation;
13. Undertaking of carriages;
14. Undertaking of bailments;
15. Undertaking of trusts;
16. Mutual savings accounts and other similar acts;
17. Insurance;
18. Activities involving the collection of minerals or soil and stones;
19. Activities involving financial lease of machinery, facilities, or any other assets;
20. Activities involving business by consent to the use of a trade name, trademark, etc.;
21. Activities involving purchase, recovery, etc. of business receivables;
22. Undertaking of payment settlement affairs using a credit card, electronic currency, etc.