NEDA director-general Karl Chua said he saw the significance of digitalization during the pandemic when social protection programs cannot be delivered because there was no single registry or database of Filipinos to identify beneficiaries.
The Securities and Exchange Commission (SEC) said it will migrate by April 19 to a new company registration portal called the electronic simplified processing of application for registration of company (eSPARC).
ADB chief economist Yasuyuki Sawada said accelerating the country’s digital transformation could lead to substantial growth in global output, employment, and trade.
DTI undersecretary Rafaelita Aldaba said the pandemic has also forced traditional enterprises and startups to create new digital business models to diversify revenue streams.
The newly developed SEC Payment Portal is a Web-based system that also allows for the payment of fees and penalties online using debit and credit cards, digital wallets, and other cashless payment options.
While SMEs are increasingly turning to digital technologies and online sales, the report said it is vital for governments to provide support and assistance during the transition.
The BOC said it reached its 100-percent accomplishment rate on fully automating its frontline services by allowing the online submission of documents through its Customer Care Portal System, upgrading its electronic-to-mobile (E2M) system to computerize manual processes, and accepting online payment options like PayMaya.
