Department of Trade and Industry (DTI) secretary Ramon Lopez said 88,000 new registrations for online businesses – a record number – were posted in 2020.
Tag: Ramon Lopez
Current indicators show that the Philippines is ready to shift to digital payments and other financial technology (fintech) innovations. The Philippine government, particularly the Bangko
The Department of Trade and Industry (DTI) reported that business name registration of online businesses boomed from 1,753 in January-March 15 this year — or before the declaration of the community quarantine — to 75,876 as of September 2.
Data from the Philippine Economic Zone Authority showed that from January to July 2020, registered investments from the BPO sector grew 37 percent to P11.4 billion amid the global health crisis.
Under the proposed law, the DTI shall have regulatory powers to take down or issue cease-and-desist orders against websites selling illegal or dangerous products or services.
The DTI chief said online barter – as well as other online transactions — is subject to tax if it has become part of a regular commerce or business.
With consumers now turning to online selling due the Covid-19 pandemic, the Department of Trade and Industry (DTI) said it will aggressively implement policies to
DTI secretary Ramon Lopez said AI can become a great equalizer wherein educated, highly skilled, and highly motivated young Filipinos can make their mark.