Sen. Bam Aquino highlighted the industry’s economic weight, noting that IT-BPM employs around 1.9 million Filipinos and contributes about 8.2% to the country’s gross domestic product.
Sen. Bam Aquino noted the measure represents the next stage of his earlier “Blockchain the Budget” proposal, refined to integrate advanced digital infrastructure for transparency.
Facing mounting public backlash and appeals from online entrepreneurs, the Department of Trade and Industry (DTI) has decided to defer the mandatory registration for the E-Commerce Philippine Trustmark and extend its voluntary phase until December 31, 2025.
According to Sen. Bam Aquino, the Internet Transactions Act defines the Trustmark as a voluntary program that sellers may choose to obtain to boost consumer confidence, not a mandatory one.
Sen. Bam Aquino has underscored the need to fully implement Republic Act 10929, or the Free Internet Access in Public Places Act, saying the measure will benefit millions of Filipinos who cannot afford Internet connectivity.
The Philippine space program is expected to drastically improve over the next few years with the approval of a Senate measure on third and final reading seeking to establish the Philippine Space Agency (PhilSA).
Two measures principally sponsored and/or authored by Sen. Paolo Benigno ?Bam? Aquino IV moved closer to becoming laws after their bicameral conference committee reports were ratified by the Senate late Wednesday, Feb. 6.
After receiving reports that the BPO sector may need to reduce their workforce or set aside expansion plans in the country, Sen. Paolo Benigno ?Bam? Aquino IV set a second hearing on the issue on Monday, March 12.
