The WTO said that the Trade4MSMEs website is a tool aimed at helping Philippine micro, small and medium-sized enterprises (MSMEs) find trade-related information that improves their ability to trade internationally.
The manufacture of computer, electronic, and optical products continued its downtrend in the third quarter of 2021 with an annual decline of -16.4 percent, the highest drop among the nine industries that recorded declines in annual growth rates.
However, most of the imported goods in August 2021 were also electronic products with an import value of $2.80 billion which accounted for 27.9 percent to the total imports.
The NEDA said its prioritization of technology, innovation, use of data science, digital information, innovative business processes, knowledge management, and human resource have profoundly transformed the agency.
Meanwhile, state-run Land Bank of the Philippines said it has onboarded 5.3 million unbanked PhilSys registrants for their own transaction accounts through account opening booths at select PhilSys co-location areas nationwide.
DTI secretary Ramon Lopez noted that while the manufacturing sector was severely impacted by the pandemic in 2020, it is now leading the economy’s recovery from a recession.
The BSP said it is also boosting whole-of-government efforts to diversify the broadband market so that Filipinos across the country can have affordable Internet connectivity and digital financial services available to them.
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.
Interestingly, manufacturing activities in the computer and electronics industry slowed down to 96 percent in May 2021 from 108.3 percent in April this year.
