‘PHL can be dominant force in global digital economy’

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The story "‘PHL can be dominant force in global digital economy’" was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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‘PHL can be dominant force in global digital economy’ - Business Mirror

Quick Summary:

THE Philippines can become a "dominant force” in the global digital economy after it emerged as the fastest-growing internet economy in Southeast Asia in 2024, based on the recent report by Google, Temasek and Bain& Company, according to the Department of Trade and Industry (DTI).

Meanwhile, the country posted a 13-percent growth in the Transport and food sector; 13 percent in Online travel and 12 percent in Online media.

For one, it noted, “The government’s enactment of the Internet Transactions Act, requiring all online businesses to register with the Department of Trade and Industry, aims to enhance safety in e-commerce.“These regulations also impose compliance obligations on e-marketplaces and e-merchants alike,” the study added.