Entrepreneurship Is Solution To Poverty

Entrepreneurship is not only the key to economic growth and stability, but is the ultimate solution to poverty, according to President Gloria Macapagal Arroyo when she spoke during the opening of the Entrepreneurship and Basic Education Conference.
According to the President without entrepreneurs, there can be no production, no innovation, an no risk-taking. If there is no risk–taking,the country cannot move forward.
The President said she knows very well how it is to take risk because in her case, she has taken the risk to lose her political capital just to do what is right for our future generations.
The President said she will direct the focus of government so that its bureaucracy will become more responsive to the call and needs of the times and the needs of the ordinary Filipinos and ordinary entrepreneurs. Thus, she would be issuing an enabling Executive Order that will allow frontline agencies to operate in an emergency or state of calamity mode. In this regard, a reorganization of what is called the Presidential Commission on effective Governance, which the present administration inherited will study frontline services that an entrepreneur must deal with, where his difficulties are, so that it could properly be addressed.
The government will not only embark on recharging frontline agencies but will also do a massive decongestion, face lifting and urban renewal effort.
In Manila, the President directed MMDA Chair Bayani Fernando, to especially intensify the face-lifting and urban renewal in what is called the investor and creditor corridor. The primary areas for urban renewal and face-lifting are the routes that investors pass all the time when they are thinking of whether to invest in the Philippines and the routes creditors pass all the time when they are thinking whether the Philippines has the ability to pay its debts back and these are the routes from the hotels to Malacañang, from the hotels to CALABARZON.
The government will decongest Metro Manila and will focus its development efforts northward and southward. Northward, it will develop Clark and Subic as the best service and logistics hub in the region.
What the government is trying to do, according to President Arroyo, is to set an environment to make the entrepreneurs feel that the risk of investing in the Philippines is lessened. (PIA6)