The Philippine digital economy reached P2.05 trillion in 2023, contributing 8.4 percent to the gross domestic product (GDP), according to Philippine Statistics Authority (PSA).
This represents a 7.7-percent increase from the P1.90-trillion digital economy value in 2022. The digital economy covers various digital transactions including those related to digital-enabling infrastructure, e-commerce, digital media/content and government digital services.
Government digital services represent a newly-added component in the sector.
Data from the PSA showed...
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Another Chinese homebuilder has hit financial trouble after it missed payments on debt obligations, adding to worries over the country's property sector as embattled...
