The State of E-Commerce in the Philippines: Issues and Challenges Flashcards
Among the Southeast Asian countries, the Philippines experienced the highest increase in terms of shopping app usage (__ %) as well as online spending (__%).
53%, 57%
In 2000, only ___ percent of the country’s total population were connected to the internet.
two
Ten years later (2010), ___% of the population were already connected
25%
In 2020, __% of the population or roughly __ million Filipinos are already online.
67%, 73 million
E-Commerce Roadmap Pre
and During the Pandemic
- 100,000 Micro, Small, and Medium Enterprises doing e-commerce
- 40-50% of internet users doing e-commerce
- Fast and competitive internet access
- Cybercrime enforcement and protection
- Online and connected government (G2G, G2B, G2C, and G2E)
To help foster the growth of the economy, the DTI in 2016 developed the Philippine _______, targeting to expand the share of e-commerce to GDP from 10% in 2015 to 25% by 2020.9
E-Commerce Roadmap of 2016-2020
Under the 2016-2020 Roadmap, other agencies of government such as the ___, ____, ____, ____ among others, were given roles to help fulfill its goals.
- Department of Information and Communications Technology (DICT)
- Bangko Sentral ng Pilipinas (BSP)
- Department of Science and Technology
- National Privacy Commission (NPC),
Philippines’ main consumer law focusing on protection against deceptive, unfair, and unconscionable sales practices
Consumer Act
Consumer Act says that consumers should enjoy the following rights:
- right to basic needs
- right to safety
- right to information
- right to choose
- right to representation
- right to redress
- right to consumer education
- right to healthy environment
prescribes the rules and regulations for consumer protection
Joint Department Administrative Order 01 of 2008
______ aim at protecting consumers doing online transactions, specifically on the purchase of products and services
Joint Department Administrative Order 01
concern of buyers when it comes to e-commerce
- low trust in digital payments
- privacy
signed into law in 2012
Philippines’ Data Protection Act
Philippines’ only bilateral free trade agreement
Philippines-Japan Economic Partnership Agreement of 2008
Philippines-Japan Economic Partnership Agreement of 2008 covers:
- trade in goods
- trade in services
- investments
- movement of natural persons
- intellectual property
- customs procedures
- improvement of the business environment
- government procurement
most recent trade agreement that the country entered into
Regional Comprehensive on Economic Partnership (RCEP)
RCEP is the trade agreement made up of 10 ASEAN country members plus:
- Australia
- New Zealand
- Japan
- South Korea
- China
joined the initial meetings and discussions on RCEP but backed out of membership in 2020
India
individuals, including online sellers, earning less than ____ annually are exempt from payment of income tax
250,000 pesos or 5,000 USD
proposes to impose VAT on the online transactions of goods and services and requires non-residents offering digital services in the Philippines to have a resident agent
Digital Economy Taxation Act of 2020
Digital Economy Taxation Act of 2020 is also called House Bill _____
6765
filed to make online buying, selling, and transactions faster
Internet Transactions Act
Internet Transactions Act is also called
Senate Bill No. 1591
Electronic Commerce Act of 2000 is also called
Republic Act No. 8792