Published January 11, 2021, 1:02 PM
As the Philippine economy re-opens on its way to recovery, cashless payments in stores and online have become part of merchants’ and consumers’ arsenal to protect themselves and mitigate the spread of the virus causing COVID-19. PayMaya is leading the way toward massive adoption of cashless payments through its end-to-end digital financial services that are enabling consumers, merchants, enterprises, and government units nationwide.
With over 28 million customers across its platforms and over 200,000 touchpoints nationwide, leading digital financial services firm PayMaya is building the digital payments backbone of the country to make ‘Cashless Philippines’ a reality for all Filipinos nationwide.
Published January 12, 2021, 6:00 AM
The Philippine electronics industry is projecting a 7 percent rebound in exports this year back to the 2019 level at $43.3 billion on strong demand following shortages of automotive electronics for some of the world’s car giants and the prospects of more favorable incentives provision under the CREATE (Corporate Recovery and Tax Incentives for Enterprises) law.
Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI) President Dan Lachica said the “Seven percent growth projection bodes well for the industry recovery, especially coming out of a contraction in 2020.”
SEIPI President Dan Lachica
Lachica said this would be a big turnaround from the projected 5-10 percent contraction in exports in 2020 because of the impact of the COVID-19 pandemic that disrupted global supply chains.
The country s trade deficit shrank to $1.73 billion in November 2020, its narrowest in five months as exports logged their fastest growth since February and imports contracted further, data from the Philippine Statistics Authority revealed.
MANILA, Jan 10 — Philippine trade performance in November 2020 showed encouraging signs that the country is well-positioned to take advantage of improvements in external demand and that the government’s efforts to reinvigorate businesses is gaining traction, the National Economic and.
November trade deficit narrowest since June bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.