Monday, June 24, 2024
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World bank

WB report: PH Internet connectivity lags behind Asean countries

The report also noted that the digital divide in the Philippines is rapidly expanding. From 2019 to 2022, access gaps between the rich and the poor expanded by far the fastest for broadband Internet, compared to public and private services, utilities, and household goods.

PH services firms adopting digital tech increase productivity — WB report

The World Bank report underscored the impact of the diffusion of digital platforms.

WB exec urges PH gov’t to address online work issues amid pandemic

World Bank – Philippines senior economist Kevin Chua said the government should address issues and challenges in online work such as digital divide, the lack of digital infrastructure, and weak social protection schemes.

WB report: 60% of PH households don’t have access to Internet

As a result, face-to-face interactions and analog practices are still pervasive in the country making social distancing economically costly, according to the World Bank-led report "Philippines Digital Economy Report 2020”.

Rapid adoption of digital tech can help overcome impact of Covid-19: NEDA

But a report from the World Bank noted that the country’s Internet connectivity – the foundation of the digital economy – is limited in rural areas, and where they are available, services are relatively expensive and of weak quality.

WB survey shows most PH firms now using digital solutions

A recent survey conducted by the World Bank (WB) revealed that almost two-thirds of Philippine companies have turned to digital solutions for sales, marketing, and payment methods to adapt to the new normal.

Global economy to shrink by 5.2% in 2020, biggest drop since WW II

The global economy is on track to shrink by 5.2 percent this year amid the Covid-19 pandemic, the deepest recession since World War II, the World Bank Group said on Monday, June 8.

Gov’t eyes more online systems as PH jumps 29 notches in Doing Business index

DTI secretary Ramon M. Lopez said that if the Philippines wants to achieve its goal of barging into top 40% of the rankings, it needs to implement more electronic systems in the government.

WB urges industry-business collab in PH to build skills for digital economy

The World Bank also noted that digital payments adoption is lagging in Southeast Asia compared to other parts of the world.
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