ADB

Thomas Abell, chief of Asian Development Bank (ADB)’s Digital Technology for Development, said the world might see an economic boom that will fuel digital economy as countries transition to the so-called ‘new normal’ once “the pandemic starts to recede.”

A study funded by the Asian Development Bank urged the Philippines and other Asian countries like Bangladesh and Indonesia to consider more jobs in software development and technology.

A study conducted by state think tank Philippine Institute for Development Studies (PIDS) showed that there are certain groups who “benefit more from [the] digital economy”.

The ADB also noted that purely digital banks have also started operating but regulations are still currently using the traditional models.

A groundbreaking technology providing good drinking water for Filipinos everywhere using sunlight and air and without relying on government infrastructure is now available in the country.