Here are the latest Philippine business and ecommerce news of the last week.
PH gains 12 M digital users but online transaction still lowest in SEA
While the Philippines gained 12 million new digital users during the pandemic, the country still registered the lowest internet users transacting online in the region, at only 68 percent, according to the latest e-Conomy Southeast Asia (SEA) Report.
Digitalization is vital, especially because the country is expected to have a 93 percent year-on-year surge in gross merchandise volume (GMV), despite the pandemic’s challenges, the report stated.
Read more on Manila Bulletin Online
Philippines: Now a ‘premium’ investment destination
The Philippines is now open for business — with foreigners now allowed to own up to 100% of companies in key industries.
And the easing of ownership restrictions in retail, telecom, airlines, airports, railways could open up fresh opportunities for businesses based in the UAE and the Gulf.
Read more on Gulf News
SEC rakes in P119.07M via cashless-payment portal
The Securities and Exchange Commission (SEC) announced it has collected P119.07 million in fees and penalties through a web-based system that allows cashless payment of business registrations, fees and other charges.
SEC Chairman Emilio B. Aquino said they were able to rake in an average of P11.9 million per month via the agency’s “electronic system for payments to SEC,” or eSpaySec, which recorded 16,898 transactions since the project was first implemented on March 1, 2021 up to January 26, 2022.
Read more on Business Mirror
41 million Filipinos now have banking, e-money access
The number of Filipinos with access to banks and electronic money channels jumped to 41 million as of the third quarter of last year, inching closer to the goal of Bangko Sentral ng Pilipinas (BSP) to include 70 percent of the adult population within the financial inclusion net next year.
BSP Governor Benjamin Diokno said in a press briefing on Wednesday that the 2020-2023 digital payments transformation road map target would likely be met “sooner rather than later.”
Read more on Inquirer.net
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