DTI

The amount will be used to support industries that will undergo digital transformation and businesses undertaking innovation activities.

DTI secretary Ramon Lopez also predicts 100,000 MSMEs engaging in e-commerce in the next three years, noting that over 30,000 sari-sari stores in the barangay level have capabilities for e-wallet loading and transferring of funds.

The new law aims to help startups and startup enablers by providing incentives like travel grants, access to a Startup Venture Fund, and assistance in getting visas and business permits.

An AI task force composed of seven agencies will be drafting the road map.

DTI secretary Ramon Lopez said AI can become a great equalizer wherein educated, highly skilled, and highly motivated young Filipinos can make their mark.

DTI secretary Ramon Lopez cited the tariff modification of EV products under the Asean Free Trade Agreement, as well as the target date for the full EV utilization and registration in the Philippines.

The laboratory is meant to support and translate creative ideas into prototypes and eventual mass production.

The FTSC has 28 offices abroad and serves as the department?s overseas frontline agency in promoting exports and facilitating inward direct investments.

The government has developed a prototype application that will allow new business registrants to apply for business permits using a mobile phone.

Infused with fresh capital to the tune of P1.5 billion, financial technology firm First Circle has announced its nationwide expansion in the Philippines to better serve the credit requirements of SMEs even in Visayas and Mindanao and lay the groundwork for their future success.