Socio-economic Planning secretary Karl Chua cited the importance of easing the restrictions on foreign ownerships, especially telecom and transport, that would help the Philippines attract more investments and create more and better jobs that are crucial to accelerating the country’s economic recovery.
NEDA director-general Karl Chua said he saw the significance of digitalization during the pandemic when social protection programs cannot be delivered because there was no single registry or database of Filipinos to identify beneficiaries.
Acting socio-economic planning secretary and NEDA chief Karl Kendrick Chua said the government must be the one to provide the direction and impetus for innovation to prosper.
The National Economic and Development Authority (NEDA) has stressed the importance of using digital technologies to ensure price stability and support the agriculture value chain necessary to help build consumer confidence and gradual recovery of the domestic economy.
Acting NEDA chief Karl Kendrick Chua pointed out that a number of structural reforms should be put in place as he noted that the academe and the technology industry have helped government by providing technological and ICT solutions to address a number of issues related to the government’s Covid-19 response.
