DTI official Marie Sherylyn said “there is a need to get rid of bad regulations that could stifle competition and inhibit innovation” as the digital economy continues to flourish in the country.
Electronics, which make up 61% of all exports, grew by 25% compared to March last year. DTI secretary Ramon Lopez attributed this growth to chip demand due to upgrades to IT systems, new smartphones, auto demand, and automation.
The Department of Trade and Industry (DTI) launched on Wednesday, May 5, the national artificial intelligence (AI) roadmap which made the Philippines one of the first 50 countries in the world to have a national strategy and policy on AI.
The Department of Trade and Industry - Bureau of Philippine Standards (DTI-BPS) has called on commercial training centers to “cease reproducing -- digitally or in print -- copies of standards developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), including those adopted as Philippine National Standards (PNS), as such practice constitutes copyright infringement”.
The Steering Committee will provide strategic guidance and oversight in the formulation, implementation, and development of the Philippine Startup Development Program.
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 Consumer Act of the Philippines requires that companies conducting sales promotion campaigns should secure first a sales promotion permit prior to the launching of such campaign.
A social development organization has offered suggestions to improve the proposed Internet Transactions Act (ITA), which it said is not equipped adequately to address the problems of the local e-commerce industry.
The Board of Investments (BOI) has recently approved the application of CHRG Electric Vehicle Technologies Inc. as a new domestic producer of electric vehicles (EV) fast chargers and retrofit kits.
