Hospitality and tourism-heavy industries like transportation and personal and consumer services are expected to be the most negatively impacted markets, along with construction.
With the “new normal” reinforcing the need for companies to adopt digital strategies, cloud computing giant Amazon Web Services (AWS) has emphasized the important role of artificial intelligence (AI) and machine learning (ML) in the post-pandemic world.
The Department of Finance (DOF) said tax payments made through electronic channels last year amounted to P1.8 trillion, which was 84 percent of the total collections of the BIR.
Instead of slapping new taxes, Sen. Sherwin Gatchalian also prodded the government to extend fresh capital and other financial assistance to budding online entrepreneurs.
GCash said among the transactions used by its subscribers were fund transfers, which included InstaPay, and online payments to Google, Apple, Lazada, and various other merchants.
The “ReliefAgad” website of the DSWD allows beneficiaries of the government's social amelioration program to register and receive financial assistance electronically.
Sen. Grace Poe said concerned government units are mandated to process and approve permits and clearances for the construction of infrastructures including cell sites within the maximum period of seven working days.
The DOST said it is collaborating with DepEd to enhance STEM learning for elementary and high school students through two radio programs, which will be rolled out in time for the opening of classes this school year.
