The Philippines economy is experiencing a digital transformation wave. Big data, IoT, Smart Society, Mobile Technologies, AI is rapidly changing the way business is operated as well as People’s life. A study shows the potential economic loss in the Philippines due to cybersecurity incidents can hit a staggering US$3.5 billion. This is 1.1 percent of the Philippines’ total GDP. Cybersecurity attacks…
The Philippines posted average economic growth of 6.4% over 2010-19. While the Covid-19 pandemic tested the country’s resilience during 2020, the response measures contained within the two national stimulus packages, Bayanihan 1 and 2, provided support to vulnerable industries. Meanwhile, the rollout of the imminent Corporate Recovery and Tax Incentives for Enterprises bill is expected to create
In this Global Platform video, Simoun Ung, CEO of OmniPay, Inc., unpacks the opportunities and challenges facing both regulators and financial technology (fintech) players as societies around the world accelerate the shift towards digital payments. With fintechs looking to expand their service offering beyond the upper echelons of society, successfully managing cybersecurity risk and promoting consumer
The World of Safety and Security Expo (WOSAS) will launch its very first online activity, WOSAS WIRED.This online activity will entirely focus on SecuCon, our very own webinar series, which aims to present timely and engaging topics for students and professionals who are concerned with overall health and safety during this pandemic. For more information regarding this webinar series, you may…
The World of Consumer Electronics Expo (WOCEE) will launch the Second Edition of WOCEE WIRED, on August 26 - 28, 2021. This online activity will entirely focus on Tech Talk, our very own webinar series, which aims to present timely and engaging topics about industry innovations, consumer electronics. and tech trends to students, business owners and tech professionals all over the country. For more…
– Super appsexplore inorganic growthoptions – Gojek in talks with e-commerce company Tokopedia over $18bn merger – Grab reported to be preparing for a public listing in the US – Food delivery and financial services increasingly important segments After a year ofexternal expansion and internal reorganisation due to Covid-19, South-east Asia’s super apps appear to…
After years of exponential growth, South-east Asia’s super apps were forced to reassess their business models due to measures to contain Covid-19, with many refocusing their priorities as they plan for the post-pandemic world. In recent years super apps – online or mobile platforms that combine multiple services into one portal – have sought to expand their offerings. While many started…
Philippine authorities have worked to develop the digital economy in recent years, prioritising strengthened internet service provision and a more competitive telecoms market. The country saw an increased reliance on online services and digital technologies, such as e-commerce, during the its extended lockdown period in response to the Covid-19 pandemic. This increased the impetus for players across…
Interview:Simoun Ung In what ways did Covid-19 measures alter consumer perceptions of cashless transactions, and to what extent will this fuel the digital economy? SIMOUN UNG: Covid-19-related lockdowns forced many consumers to transact electronically in order to limit physical interaction amid hygiene concerns over handling cash. Prior to the pandemic in 2019, the peso value of electronic…
Interview:Marc Carrel-Billiard To what extent did the change in human behaviour triggered by the Covid-19 pandemic disrupt the digital and cultural transformation of corporations? MARC CARREL-BILLIARD: Business as usual is no longer an option. The digital gap widened with the outbreak of Covid-19, and companies are having to accelerate to higher levels of digitalisation to serve different customer…
