THE evolution of the digital economy lags in the Philippines, even though its citizens lead the world in terms of internet use, an official said at a briefing.

“What the study says is that while the internet users in the Philippines are amongst the most engaged in the world, our digital participation remains low compared to others,” according to Mary Jean T. Pacheco, assistant secretary of Digital Philippines and officer-in-charge of the Department of Trade and Industry (DTI) Consumer Protection Group.

A study conducted by Google, Temasek and Bain & Co. found that digital participation in the Philippines remains low even with internet users who are among the world’s most engaged.

It concluded however that low digital participation “signals sizable headroom for digital economic growth over the medium to long term as incomes grow.”

Read more:

https://www.bworldonline.com/economy/2023/11/06/555896/digital-economy-lags-in-phl-despite-heavy-internet-use/

Published : 9-Nov-2023