The DICT expects the government to save P720 million in Internet subscription expenses in the first year of implementation of the NBP or up to P34 billion in the next five years.
One of the proposed measures is House Bill 6646, which creates a Bangko Sentral Digital Peso (BSDP) as a medium of exchange or as money for use on all digital and means.
2020 marked a momentous year of growth for Shopee as it was the year that consumers increasingly turned to e-commerce for their everyday needs as they spent more time at home.
The figure is more than average for all organizations in the region (74%) but still less than Asia Pacific culture of innovation leaders, where almost all (98%) agree that innovation is a necessity to staying resilient during a crisis.
Taking the number one spot on the list is the recently concluded US presidential elections. The whole world, including the Philippines, had their eyes on the race which saw a tight competition between Donald Trump and Joe Biden.
Digital installment payment platform BillEase has announced its partnership with e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to bring “Buy Now, Pay Later” to online retailers in the Philippines.
Sen. Panfilo Lacson has questioned the move of the bicameral conference committee of Congress to give a "useless" increase of less than P1 billion in the 2021 budget of the Department of Information and Communications Technology (DICT).
