Due to the pandemic and decreasing budget for research and development (R&D), the Philippines fell by a notch from 50th place last year to the 51st spot in the 2021 Global Innovation Index (GII) report.
Exports were primarily driven by increased global uptake of semiconductors, electronic data processing products, consumer electronics, and telecommunication products.
E-commerce platform Lazada has once again joined hands with the Department of Trade and Industry (DTI) to spotlight local sellers in its “8.8 Love Local Sale”.
“Before the pandemic, the government has already been utilizing digitalization to push the ease of doing business. The adoption of e-commerce facilitated the digital transformation of business. The government remains committed to its role in enabling different stakeholders in our country to ensure our people benefits in e-commerce,” Lopez explained.
Interestingly, manufacturing activities in the computer and electronics industry slowed down to 96 percent in May 2021 from 108.3 percent in April this year.
Shopee has partnered with the Department of Trade and Industry (DTI) to offer in-depth discussions about online selling to support the growth of online businesses through “Shopee Thursdays”.
The Philippine Online Dispute Resolution System (PODRS) will serve as the Web-based consumer complaint portal of the country where consumers can file complaint and seek redress in relation to the product purchased or service availed either online of offline from a business establishment or platform located in the Philippines.
The online Chain Distribution Plans or Pyramid Sales Schemes tend to focus more on the recruitment of new potential members rather than encouraging its members and franchisees to actually sell products and services to consumers accompanied with promise of high returns of investment in a short period of time.
