The Philippines Massive $35 Billion Digital Economy, Explained

Produced by: Behind Asia Team
Brought to you by the Behind Asian Team.

[avertactivity]

If we can lock everyone up permanently, just think of all the growth in the online economy, how great for payment processing services. Imagine, paying fees to make payments all the while forfeiting your personal data and building a digital avatar for sale so that companies can create personally targeted advertising to follow you around permanently, you will be the ultimate consumer cog in a materialistic machine that enriches the ultra-wealthy. And it's so convenient, unlike bothersome cash or an actual bimetallic standard of gold and silver, that are harder to manipulate and control as well as inject more currency with the click of a button and BOOM, your digital currency just got devalued via inflation and the cost of everything grows continually higher also helping garner more control and wealth to the top. I can't wait for the day when you are unable to make a purchase privately without our masters knowing, won't that be great! Praise to you Mammon!

[francischarlesa.marmol]

Yes we can see the internet improvement they literally use strongest mhz in our area we reach upto 50-75 mbps mobile and the distance of the celltower is about 5-7 km yes it is far but strong

[TenCo-bypf]

You are wrong, Fyi, Philippines is one of the biggest competitive digital producer technology in rhe world, Philippines is one of the biggest producer of chip semi conductor on the Planet and digital technology in the Philippines is booming.

[Eleazar_Delfin]

But the internet speed in the philippines improve
In my place 20 to 50 mpbs speed of the internet using smart
And the wifi is 200 or 300 mpbs for convenge but there a time smart onlh reach 10 to 15 mpbs if night
Smart is only philippines network company inprove it's internet connection and offering unli data to its user

[lfbqkvo]

Technology leads to the expansion of heavy industry.
heavy industry leads to the expansion of light industry.
The problem of many east Asia countries is that they don’t have heavy industry (nor technology), so their light industry construction is totally depends on other more developed countries.

[gjm]

Digital on their phones. My wife's daughter is in a province school. Not ONE computer in the whole school.

[bartekwasiewski]

All talk about broadband coverage, last mile, etc. - it is very important, but for the few years already the bottleneck is connection of the Philippines to the outside world. Even in Manila, where fiberoptic is widespread and phones (theoretically) use 5G most of the time, the actual speed of internet is terrible. Ookla speed tests may show 100MB in one moment, but this is followed by virtually zero speed for the next minute. It fluctuates, probably because of the huge numbers of users competing for the bandwidth. VPNs are getting disconnected here constantly, video calls have poor quality and tend to drop every few minutes. And nobody is really trying to solve this problem :(

[lfbqkvo]

Through Philippines integrated circuit export has increased 40% in the past 3 years, it’s import also increased for about 25%, and the biggest source of import growth is China, which already had a large electronic industry. So no doubt, Philippines just becomes an assembler of Chinese products, not a true competitive producer.

[CordilleraMetaverse]

The problem of the Philippines are the stupid government officials who are ignorant about cryptocurrency. USA, Hong Kong, Europe and the United Kingdom already approved BTC ETF and ETH ETF. When Philippines? I believe Filipinos are in top 10 globally who holds the biggest cryptocurrencies. The government should pass a bill asap about cryptocurrencies like the USA.

[uber]

Dreaming? Won't happen. Fix massive poverty first.

[TheMythical-udob]

puro nalang ganyan wala naman sa pag unlad ang Pilipinas ang dami dami ngang naghihirap kaya wala nang saysay na tumira pa sa Pilipinas, dahil sobrang nakakahiya at nakakasuka na tumira sa Pinas... dati Pilipinas ang Pinaka maunlad at Pinaka maganda sa Southeast asia, pero ngayon pilipinas na ang pinaka huli.
Tas pati ang Cambodia na muntik nang maubos ang lahi noong 1980's dahil sa Pang aapi ng mga Khmer Rouge, ay natalo pa ang Pilipinas sa pagandahan ng Cities at mauungusan pa ang Pilipinas sa Economy after few years,
kaya wala nang saysay na tumira pa dito sa Pilipinas, kaya ako mag ma migrate na ako sa ibang bansa at hinding hinde nako babalik sa Pilipinas, kahit bisita o Bakasyon hinde.