- By quade
- 14 September 2023
PH Is Actively Progressing Toward a Digital Future, According to Marcos
The Philippines is actively progressing towards a digital future, as stated by President Ferdinand R. Marcos Jr. on Wednesday.
“The Philippines’ tech ecosystem is thriving, marked by a dynamic start-up culture and advancements in e-commerce, in fintech, in digital services, which have flourished during the pandemic.”
“The growth of the country’s digital economy bodes well for international companies that wish to take advantage of it.”
President Ferdinand R. Marcos Jr.
A speech presented at the 10th Asia Summit organized by the Milken Institute in Singapore.
Referring to the 2023 Global Digital Report by Meltwater and We Are Social.
“Filipinos are one of the highest users of the internet and of social media.”
President Ferdinand R. Marcos Jr.
Internet Usage and E-commerce Trends in the Philippines
Marcos observed that there are 85.16 million internet users in the Philippines, indicating a substantial internet usage rate of 73.1 percent among the total population.
“With the growing number of customers using the internet and social media platforms to discover and buy products and services, e-commerce has become one of the fastest growing trends in the Philippines,”
President Ferdinand R. Marcos Jr.
Marcos also highlighted the skilled Filipino workforce, fluent in English, which has played a significant role in the country’s prominence on the global stage, particularly in the field of business processing and outsourcing (BPO).
He emphasized that the Philippines is the primary choice for customer support and healthcare services and ranks among the top outsourcing destinations, second only to India.
“Several data centers are already operating in the Philippines, including Google, Microsoft, Amazon, and Meta, amongst others. Yours could be the next one,”
President Ferdinand R. Marcos Jr.
Manufacturing hub
Meanwhile, Marcos stated that his administration is also focused on enhancing the country’s capabilities as a “manufacturing center.”
Meanwhile, Marcos stated that the government is still actively investing in vocational and technical education to ensure that Filipinos maintain their competitiveness on a global scale.
“Our skilled and English-speaking workforce is also one of the reasons why many manufacturing companies have chosen to locate in the Philippines,”
President Ferdinand R. Marcos Jr.
Marcos is the first sitting Philippine President to address the Milken Institute’s Asia Summit. (PNA)
