Department of Trade and Industry quickly killed a controversial draft policy requiring permits for online ads after backlash erupted from small and medium enterprises (SMEs), which make up more than 95 percent of Philippine businesses.
The Philippines has emerged as the fastest-growing internet economy in Southeast Asia, based on the recent report by Google, Temasek, and Bain & Co., the Department of Trade and Industry (DTI) said in a statement.
Acting Trade and Industry Secretary Cristina A. Roque led a pivotal four-day official mission to the United Arab Emirates (UAE) from Oct. 3 to 5, 2024, focusing on advancing trade and investment cooperation between the Philippines and the Middle East.