The “complex and multifaceted” nature of the digital economy creates tax issues, according to a study published by state think tank Philippine Institute for Development Studies (PIDS).
ADB chief economist Yasuyuki Sawada said accelerating the country’s digital transformation could lead to substantial growth in global output, employment, and trade.
Thomas Abell, chief of Asian Development Bank (ADB)’s Digital Technology for Development, said the world might see an economic boom that will fuel digital economy as countries transition to the so-called ‘new normal’ once “the pandemic starts to recede.”
Former DOST secretary William Padolina said one way to improve teachers’ education is to train good elementary and high school teachers “who will be inspiring students to become scientists”.
DTI undersecretary Rafaelita Aldaba said the pandemic has also forced traditional enterprises and startups to create new digital business models to diversify revenue streams.
A holistic approach to support the country’s current and future science and technology (S&T) workers should be a joint undertaking among various sectors.
Among the ICT-related projects being implemented under the “Build, Build, Build” (BBB) program include the Luzon Bypass Infrastructure Project and the National Broadband Program.
The study conducted by state think tank Philippine Institute for Development Studies (PIDS) said one of the several challenges is the absence of grievance mechanisms in digital labor platforms.
A study funded by the Asian Development Bank urged the Philippines and other Asian countries like Bangladesh and Indonesia to consider more jobs in software development and technology.
