MANILA–On Thursday, Canadian companies in the tech sector were called on to invest in the Philippines and make the country a regional hub in Asia.
A webinar on Philippine technology market opportunities hosted by Digital Pilipinas, the Canada-ASEAN Business Council, and the Canadian Embassy in the Philippines discussed potential areas of cooperation.
Digital Pilipinas Chairman Amor Macran said that apart from the expected economic growth in the Philippines and the ASEAN region, the Philippines is also looking to invest in technology, given its reputation as the text and social media hub of the world. said to be a suitable country.
He added that the country boasts high growth in terms of e-commerce, with digital economic value reaching P2 trillion. The Philippines is also keeping up with the latest innovations in the technology sector, she said.
“The Philippines is a unique country when it comes to NFTs and the Metaverse.
However, cybersecurity issues were also raised.
Cyberg Asia Pacific CEO Roberto Tayag acknowledged that there are still many cyberattacks and breaches, but the good news is that the Philippines already has a growing number of cybersecurity analysts and experts. said that
Cybersecurity, which many small businesses need to secure their online operations, could also be a good area to invest in, he said.
Other webinar speakers also said the Philippines has a very young population, which is good for companies looking to invest in the country.
They pointed out that a large population is also good for foreign companies as they can tap into a large market for their products and services.
“With a potential market of over 100 million Filipinos, there is a tremendous opportunity for Canadian businesses to sell their products and services here. ,” said Roberson Chan, founder and CEO of DragonPay.
Tayag added, “There are a lot of people here in the Philippines. A very diverse and talented workforce in the Philippines will be an asset.
The Canada-ASEAN Business Council is pleased with Canada’s private sector interest in “exciting new opportunities in the Philippines’ burgeoning technology sector.”
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