Jovelyn Hao, Bangko Sentral ng Pilipinas (BSP)’s FinTech Innovation and Policy Research Group acting head, said the central bank is open to leveraging the gains brought about by fintech innovations amid the pandemic.
Aside from venture capital, Plentina co-founder and CEO Kevin Gabayan said government grants that do not add red tape would also contribute to a startup’s progress.
A recent study of the Philippine Institute for Development Studies (PIDS) said among the industry’s weaknesses include issues arising from access points, the distrust from using technologies, poor connectivity, and the high cost of Internet in the country.
More than half of Filipino workers are using mostly general skills that are not attuned to the modern technology-driven world, according to a recent study of state think tank Philippine Institute for Development Studies (PIDS).
Developing an integrated financial management information system (IFMIS) will help improve public financial management in the Philippines, according to World Bank lead public sector specialist Fabian Seiderer.
Pierre Tito A. Galla, co-founder of Democracy.Net.PH, said the Philippines needs the Open Access and Data Transmission Act, a proposed bill, to have coherent governance of data transmission infrastructure.
A research expert said “the damage inflicted by fake news can be serious, and its ramifications far and wide, as news could travel more quickly on social media, especially sensational stories, which most disinformation producers invent in selling fake news.”
Based on internal projections, Department of Trade and Industry (DTI) undersecretary Rafaelita Aldaba said that by 2030, there would be 6.6 million EVs on local roads, half of which are targeted to be manufactured locally.
