From left: Pamela Mar, managing director of the Digital Standards Initiative at the International Chamber of Commerce; Natalie Black, United Kingdom’s Trade Commissioner for Asia Pacific; Gargee Ghosh, president of Global Policy and Advocacy at the Bill & Melinda Gates Foundation; DTI Secretary Fred Pascual; and Tengku Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry,...
The DTI chief said the Philippines is one of the fastest-growing economies globally in the last two decades, securing a pipeline of big-ticket investments exceeding the initial target under the Marcos Jr. administration. “We’re doing a lot of things to introduce digitalization in their operations,” the DTI chief said, highlighting the government’s concerted efforts to foster digital transformation.
The government is revisiting the legal framework governing Internet transactions through the introduction of the Internet Transaction Act, which seeks to protect consumers and facilitate the participation of small businesses in the digital economy. “We’re trying our best to develop the capability of our young population,” he said, in response to the growing global demand for cybersecurity experts.