According to research firm IDC, a total of 52 units of digital label and packaging printer was shipped in the first quarter of 2023 for Asia-Pacific excluding Japan (APeJ), with a sequential growth of 15.6% and an annual growth of 23.8%.
The government is losing substantial revenue as it struggles to impose taxes on digital transactions and non-resident digital service providers amid the digital commerce boom, said a law expert at a webinar organized by state think tank Philippine Institute of Development Studies (PIDS).
IDC said the growth can be attributed to the shift of the commercial segment away from laser printers and toward ink tank printers, which have been proven more cost-effective for printing.
Sen. Grace Poe said the LTO is still plagued with the same old problems -- slow if not unserviceable portal, long lines during application or renewal of licenses or registration, backlogs in license plates and recently, close to 700,000 shortage in requirements as basic as plastic license cards.
Dennis Uy's rise from a young migrant with a hunger for technology and innovation to a major player in the telecommunications industry exemplifies the persevering spirit of Filipino business owners.
A UP Law professor explained that the current tax system was developed for brick-and-mortar or traditional businesses with a physical location and is not applicable for e-commerce firms.
