Filipino startup Edukasyon.ph received $5,000 equity-free cash after emerging as the overall winner in the Wildfire Pitch Competition held during the Ignite 2020 Cyber Conference.
Japanese firm Yokowo recently decided to choose the Philippines as the site of a new subsidiary for automotive wiring harness and components manufacturing and assembly operations.
A unified quick response (QR) code for the logistics sector will be implemented in 2021 under the National Effort for the Harmonization of Efficient Measures of Inter-related Agencies (NEHEMIA) program of the Anti-Red Tape Authority (ARTA).
Department of Trade and Industry secretary Ramon Lopez said the roadmap will help the country become an “AI center for excellence” in the region, backed by a rich local talent pool and vibrant innovation and entrepreneurship ecosystem.
Department of Trade and Industry (DTI) undersecretary Ruth Castelo told a Senate hearing that the agency has no means to protect consumers from online sellers who cannot be located or do not provide any physical address.
The Department of Trade and Industry (DTI) reported that business name registration of online businesses boomed from 1,753 in January-March 15 this year — or before the declaration of the community quarantine — to 75,876 as of September 2.
Data from the Philippine Economic Zone Authority showed that from January to July 2020, registered investments from the BPO sector grew 37 percent to P11.4 billion amid the global health crisis.
Complaints related to online businesses also surged in the past months, with complaints filed with the DTI in the first eight months of the year reaching 12,630.