Sen. Sonny Angara said during a hybrid committee meeting that a cease-and-desist order may no longer be sufficient to fight digital fraud, which he said is a different type of “beast”.
While the Philippines has existing laws that are “friendly” to digital platforms, some restrictive policies and regulations still hinder their growth in the country, according to a tech lawyer.
ADB chief economist Yasuyuki Sawada said accelerating the country’s digital transformation could lead to substantial growth in global output, employment, and trade.
