THE government is moving to improve digital connectivity and digitalization because these are key drivers of economic growth in the countries belonging to the Association of Southeast Asian Nations, Speaker Ferdinand Martin G. Romualdez said on Thursday.
At the plenary session of the 44th Asean Summit in Laos, Romualdez said President Marcos underscored the transformative potential of digitalization, highlighting it as a “significant catalyst for connectivity in Asean,” and a critical tool for advancing innovation, growth, and opportunities.
“By fostering innovation and increasing access to digital markets, we are unlocking opportunities for local businesses, especially MSMEs and creating new jobs for our workforce,” he added. “In the Philippines, we have already taken significant steps to accelerate digitalization through key initiatives such as the E-Government Act, the Public Service Act amendments, and various infrastructure programs aimed at expanding broadband access to remote areas,” he added.
This, he noted, will be greatly aided by the Asean Digital Economy Framework Agreement , which aims to elevate the Asean digital economy to US$2 trillion by 2030. “MSMEs are the backbone of our economies, and ensuring they have access to digital platforms, financing, and training will be essential to their success,” Romualdez said, echoing the President’s sentiments on closing financing gaps and supporting digital transformation for MSMEs.
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