The Philippines banks on e-commerce and digital economy to speed up recovery

The Philippines is banking on e-commerce to boost its economic recovery through the Covid-19 pandemic, as reports state it was the second fastest adopter of e-commerce in the SEA region. — Bloomberg

The Philippines is continuing to bank on e-commerce and digital economy to speed up its economic recovery in the post COVID-19 pandemic period.

With the brick and mortar businesses hit by the global pandemic and lockdown measures, Commercial Attache at the Philippine Trade and Investment Centre in Kuala Lumpur (PTIC), Katrina Banzon said e-commerce sector in the Philippines has seen a surge in the midst of the pandemic.