Initiative to empower entrepreneurs launched
Wednesday, October 07, 2015
Otto Von Rudloff .PIC MORERI SEJAKGOMO
The initiative will empower young people, up to the age of 40 years, to successfully setup their business idea with seed money of P100,000.
Briefing the media yesterday DAI manager, Otto von Rudloff said the initiative is meant to create young millionaires with the right mindset in entrepreneurship.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...