Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Advancing Digital Transformation in the Philippines

Getting your Trinity Audio player ready...

Vision 2040 embodies Filipinos’ collective aspirations, guiding their trajectory for the future. It empowers citizens to shape the nation’s direction, steering governmental policies towards realising shared goals. This vision fosters a symbiotic relationship between governance and people, underscoring inclusive frameworks for all to pursue their aspirations.

It unifies diverse perspectives, transcends political changes, and serves as a comprehensive roadmap influencing both the public and private sectors. Ultimately, it’s more than a document; it’s a living guide steering the nation towards a prosperous future.

The development policy loans (DPL) series builds on the nation’s long-term vision articulated in AmBisyon Natin 2040 and the recently launched Philippine Development Plan 2023-2028 to achieve inclusive growth and support the government’s reform agenda in accelerating digitalisation.

The Philippines is stepping into a new era of digital evolution with its groundbreaking Digital Transformation Development Policy Loan (DPL). This initiative is geared toward revolutionising government operations, fortifying digital infrastructure, and expanding financial inclusivity through the power of technology. Spearheaded by the World Bank, this initiative carries a mission to stimulate digital service growth while fostering a conducive environment for digital finance.

The development objective of the First Digital Transformation Development Policy Financing for the Philippines is to support government reforms to foster an enabling environment for greater digital technology adoption by (a) improving the digital transformation of government and digital infrastructure policies, (b) expanding financial inclusion through digital finance, and (c) boosting business growth in digital services.

At its core, the DPL aims to digitise governmental operations and service provisions. By harnessing the potential of digital infrastructure, it seeks to infuse efficiency and transparency into public services, empowering individuals distanced from traditional decision-making centres. Ndiamé Diop, the World Bank Country Director for key regions, highlights the transformative potential: “Greater adoption of digital technology can enhance government service efficiency and transparency, empowering previously marginalised individuals.”

The pivotal shift toward digital payments is a cornerstone of this initiative. Presently, cash dominates everyday transactions in the Philippines, including crucial areas like grocery purchases and government service payments. However, transitioning to a cashless economy is poised to unlock numerous advantages, especially in times of crisis.

Smita Kuriakose, Lead Economist at the World Bank, emphasises, “A cashless economy facilitates swift responses during disasters, ensuring prompt government assistance and insurance payouts for affected individuals.”

The costs associated with cash-based economies are substantial. Not only do they burden government revenues, but they also pose indirect challenges such as heightened fraud risks and service delays. Recognising these challenges, the initiative aims to mitigate these drawbacks by advocating for digital transactions.

Despite a surge in internet usage, the Philippines has yet to fully harness the potential of digital technology due to high internet access costs, particularly for small businesses. This impedes their ability to leverage digital tools for growth. The DPL seeks to address this issue by investing in broadband services, aiming to lower costs and enhance accessibility.

Moreover, the initiative aims to foster financial inclusion among individuals and businesses. By promoting broader acceptance of digital payments and reinforcing trust in digital financial services, the DPL aims to empower underserved segments, including women, and propel the shift from cash reliance to digital empowerment.

Ultimately, this initiative is a holistic push towards a digitally transformed Philippines. By championing reforms that bolster digital infrastructure, elevate financial inclusivity, and stimulate competition in digital markets, it’s steering the nation towards a future where technology becomes an enabler for growth and inclusivity.

In an exclusive interview with OpenGov Asia, Dr Enrico C. Paringit, Executive Director of DOST-PCIEERD, underscored the strategic focus on fostering innovation and driving industry development in the Philippines, tethering initiatives to the broader vision outlined in AmBisyon Natin 2040, while aligning research endeavours with the Harmonised National Research and Development Agenda (HNRDA) for 2022-2028.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com