Penang is taking bold steps to foster innovation and economic revitalization through the Penangprenuer Agenda (TPA). This comprehensive economic agenda aims to promote creativity and entrepreneurship among residents of Penang. TPA includes the development of an entrepreneurial database that will provide information on grant assistance, programs, projects, and initiatives carried out by federal and state agencies. The primary objective of TPA is to facilitate the dissemination of information and the distribution of grants to urban and rural entrepreneurs.
TPA also recognizes the ongoing trend of digital transformation and offers opportunities for residents to pursue a second career in entrepreneurship. By providing assistance and courses, TPA supports newcomers in expanding their businesses and promoting their products. The completion of TPA is expected in early 2024, marking a significant milestone in Penang's journey towards economic growth and innovation [3189aead].
In a similar vein, the Makati Business Club (MBC) in the Philippines is urging the Anti-red Tape Authority (ARTA) to establish a private sector advisory group. This advisory group would assist with the ease of doing business initiatives and provide valuable advice on investment and policy focus areas. MBC Chairman Edgar O. Chua suggests that ARTA create a group similar to the national government's Private Sector Advisory Council (PSAC).
Chua emphasizes the need to simplify requirements at both the national and local levels, as most issues arise at the local level. He also highlights the lack of standardization in requirements across different municipalities and barangays. The establishment of a private sector advisory group would help bridge these gaps and streamline business processes in the Philippines.
Furthermore, ARTA is encouraging public participation in the Report Card Survey (RCS) 2.0. This survey evaluates government service delivery and adherence to the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. By actively engaging the public, ARTA aims to improve government services and create a more business-friendly environment in the Philippines.
Both Penang and the Philippines are committed to unleashing entrepreneurship and streamlining business processes. Through their respective initiatives, they seek to foster innovation, promote creativity, and create an environment conducive to economic growth and development.