Among the regions, the highest percentage utilization of e-commerce via Internet was recorded in ARMM, in which one out of three establishments reported purchased of goods or services via Internet translating to 33.3 percent.
Author: Edu Lopez
The DTI’s Export Marketing Bureau has urged domestic businesses, particularly exporters, to utilize an online tool called “Tradeline Philippines” to access world trade statistics.
The Philippine Institute of Development Studies (PIDS) said the online platform economy faces a number of challenges as it continues to reshape the way people do business.
Cobena Business Analytics and Strategy (CBAS) president and CEO Francis Del Val stressed that bigger is not necessarily better when it comes to digital transformation.
The Institute of Corporate Directors (ICC) has encouraged domestic small and medium enterprises (SMEs) the need to undergo digital transformation to harness the benefits of technological developments under the new globalization era.
The digital exports of the Philippine are projected to grow rapidly by 218 percent to hit $11.3 billion by 2030 if the country would adopt domestic legislation and international agreements on digital trade.
A survey conducted by AIM found that for SMEs, regulatory compliance was perceived to be “moderately burdensome,” with the BIR and LGUs seen as among the most difficult agencies to deal with.
The Bangko Sentral ng Pilipinas (BSP) said it has launched a number of initiatives aimed at establishing adequate safeguards to manage the potential risks brought by financial technologies (fintech) while providing enough room for companies to develop and implement their innovations.