With the fastest-growing Internet market in the world and a projected $1 trillion boost to its regional GDP in the next decade, the ASEAN is poised to embrace a profound digital transformation. However, amidst promising projections, the region must still overcome challenges to digitalization such as skills shortage for a more digital-savvy workforce, cyber threats […]
According to the World Bank, encouraging the expansion of digital service exports can aid the Philippines in overcoming its development issues. IMAGE CREDIT: https://www.worldbank.org/ The Philippines and other developing economies face future problems and global uncertainties. They will be well-positioned to handle these issues if they export digital services, according to Souleymane Coulibaly, Chief Country […]
A team of experts from the International Monetary Fund (IMF) led by Mr. S. Jayanath Peiris recently conducted a series of discussions on the Philippine economy as part of its 2023 Article IV Mission, an annual bilateral consultation with member countries where an IMF Mission Team meets with government and central bank officials to discuss […]
“The Philippines’ economic prospects are bright. We will probably be the fastest-growing country in the ASEAN region in the next two years and the second-fastest in the Asia-Pacific region, after India,” beamed Benjamin Diokno, former BSP chief and now Secretary of Finance. Diokno said that in spite of higher public debt, the country’s overall economic […]
