Sunday, July 3, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Opinion Columns Open Thoughts by Orlando Oxales

Digital transformation partnership for economic recovery

Orlando OxalesbyOrlando Oxales
December 13, 2021, 12:05 am
in Open Thoughts by Orlando Oxales
Reading Time: 3 mins read
A A
81
SHARES
Share on FacebookShare on TwitterShare on Email

“The private sector has always been a valuable and reliable partner to the government.”

 

Digital transformation, connectivity, power and energy, and good governance are among the interconnected essentials that must play in sync to successfully pull out of this protracted state of crisis and start a momentum of sustained prosperity.

The eagerness to get out of this pandemic rut was palpable from all the government, industry, academe, and civil society thought leaders that shared their analyses and strategic solutions during the deep discussions in the sessions of the 2021 Pilipinas Conference organized by the Stratbase Albert del Rosario Institute (ADRi).

The rise of the digital economy presents great opportunities and conversely, daunting challenges that will demand a collective, all of society effort to work together in healing the economic scars inflicted by the pandemic.

Stratbase ADRi President Professor Dindo Manhit, in his statement, called for “stakeholder capitalism,” a principle that re-defines the corporate mission beyond profits of shareholders to a long term relationship that understands and responds to stakeholders’ needs.

ADVERTISEMENT

“Through the investments, expertise, and innovativeness of the private sector, coupled with heightened cooperation with other stakeholders, we believe that the most urgent socio-economic challenges can be addressed, jobs can be created, livelihood ecosystems can be nurtured, poverty can be alleviated, and the lives of millions of Filipinos can be uplifted,” Prof. Manhit said.

This stakeholder-centered orientation applies to both private and public enterprise especially as we now push with digital transformation and the urgency to upgrade and expand our digital infrastructure. The public’s appreciation of the benefits of going digital revealed in the Stratbase-commissioned Social Weather Stations survey is nothing short of overwhelming.

Almost nine in ten of Filipinos (89%) agreed that “digital technology such as strong cell phone signals, fast e-banking and social media can greatly help create jobs and businesses.” Respondents from the National Capital Region (NCR) were almost unanimous at 94% while the balance of Luzon, Visayas and Mindanao were equally in great agreement at 88% to 89%.

The consensus was even higher on whether the “Government should build, upgrade and extensively expand the country’s digital infrastructure to improve speed, reliability and access to the internet nationwide” garnering a 92% nod of approval. All regions were actually at a statistical tie with NCR at 94%, Balance Luzon at 93%, Visayas and Mindanao at 90%.

These should be solid data for the government to start heavily investing in digital infrastructures that would complement the private sector’s telecommunications builds.

The strategic value of the private sector was strongly highlighted as four out of five (82%) of the survey’s respondents agreed that “the growth of the Philippine economy will be accelerated if the government collaborates with the private sector.” Given a choice of issues that private sector can be most effective, creating jobs was ranked first at 65%, expanding livelihood came second at 46%, third is helping Filipinos out of poverty (30%), next is improving the quality of education (22%), followed by Managing natural resources and taking care of the environment. Eleven percent also saw the importance of private investment in the closely linked issues of improving the quality and access of digital services and developing public infrastructure.

For his part, Ayala Corporation Chairman, Jaime Augusto Zobel de Ayala (JAZA), called for a collective commitment for a relentless push for sustainable economic recovery. In a previous Pilipinas Conference statement, JAZA said that the only way to survive the pandemic is for the Philippines to go digital.

“We’re spending close to one billion dollars a year on a regular basis, year after year, building and rebuilding the infrastructure and adding to it as much as needed,” JAZA said.

He acknowledged that the “pandemic had worsened the fissures of inequality that were already present in our society even before the pandemic.”

“In this sphere, unprecedented collaboration is demanded of us — the private sector, government, and civil society, both locally and globally — all of us have to work together.”

JAZA expressed the private sector’s readiness to be a reliable partner of the government in addressing the people’s pain points of poverty, hunger, health emergency and unemployment.

Mr. Diwa Guinigundo, former Bangko Sentral ng Pilipinas Deputy Governor of the Monetary and Economics Sector emphasized the role of the private sector in leading the innovation of digital products and services that would allow us to increase the breadth and reach of markets in these digital times of pandemic as among the major factors needed in promoting overall sustainable growth.

The developmental drive of private industries driven by its passionate leaders has always spearheaded economic growth. Creating a conducive environment for an investment-driven recovery in the context of a digital powered ecosystem will need a new paradigm of governance that can keep pace with fast evolving technologies and adaptive to the positive disruptions that digital technologies will bring.

Tags: 2021 Pilipinas ConferenceADRiconnectivitydigital transformationEnergygood governanceOrlando OxalesPowerStratbase Albert del Rosario Institute
ADVERTISEMENT
Orlando Oxales

Orlando Oxales

Related Posts

A sustainable post-pandemic world

byOrlando Oxales
June 27, 2022, 12:10 am
0
256
Denying Villafuerte justice

"The string of yellow alerts because of unscheduled shutdowns of power plants, the runaway price hike of petroleum, the highest...

Read more

For cancer patients and their families

byOrlando Oxales
June 20, 2022, 12:10 am
0
366
Denying Villafuerte justice

"189 out of every 100,000 Filipinos are stricken with cancer while four Filipinos die of cancer every hour…alarming figures that...

Read more

The Potential of a Creative Economy

byOrlando Oxales
June 13, 2022, 12:15 am
0
327
Denying Villafuerte justice

"These staggering figures of online theft directly affects the whole value chain of the creative industry which is not just...

Read more

A good start in foreign policy

byOrlando Oxales
June 6, 2022, 12:10 am
0
581
Denying Villafuerte justice

"(President-elect Marcos) would uphold the Hague Permanent Court of Arbitration ruling. nullifying China’s so called ‘nine-dash’ claim of almost the...

Read more

Protect Philippine industries from online pirates

byOrlando Oxales
May 30, 2022, 12:10 am
0
329
Denying Villafuerte justice

"This is what happens when you go for pirated material." We are all benefiting from the online services we access...

Read more

A must-read for the next administration

byOrlando Oxales
May 23, 2022, 12:05 am
0
731
Denying Villafuerte justice

"I hope they listen to these experts." Much has been said about presumptive President Ferdinand “Bongbong” R. Marcos Jr’s qualifications...

Read more

Stories you may like

  • Snapshots

    The next, now, or never in new romance film ‘Ngayon Kaya’

    2180 shares
    Share 872 Tweet 545
  • Of course, it was BBM’s project

    32067 shares
    Share 12827 Tweet 8017
  • Property relations in marriage

    1074 shares
    Share 430 Tweet 269
  • Herbosa will make an excellent DOH Secretary

    1847 shares
    Share 739 Tweet 462
  • First Family to showcase local fashion design in barong, terno

    1005 shares
    Share 402 Tweet 251

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • DSWD to purge ‘ayuda’ list
  • COVID cases up on 3rd straight day
  • Protocol chief named, Pagcor post still vacant
  • BBM vetoes Bulacan freeport zone bill, citing ‘big fiscal risk’
  • Price rollback for kerosene, diesel but gas seen steady
  • Passing through
  • Road rage

Advertisement

Latest News

Price rollback for kerosene, diesel but gas seen steady

byManila Standard
July 3, 2022, 12:00 am
0
140
Price rollback for kerosene, diesel but gas seen steady

After almost a month of consecutive pump price increases, Filipinos can expect rollbacks of as much as P3 per liter...

Read more

Passing through

byManila Standard
July 2, 2022, 11:40 pm
0
131
Price rollback for kerosene, diesel but gas seen steady

A mascot wearing a dinosaur costume attracts the attention of shoppers at a mall in Cubao, Quezon City on Saturday,...

Read more

Road rage

byNorman Cruz
July 2, 2022, 11:30 pm
0
134
Toward stronger Philippines-South Korea partnership

A policemen arrests the driver of a wayward car that barreled into another vehicle and three motorcycles along Roxas Blvd....

Read more

Toward stronger Philippines-South Korea partnership

byVer Noveno
July 2, 2022, 11:20 pm
0
139
Toward stronger Philippines-South Korea partnership

House Majority Leader and Leyte Rep.Martin Romualdez (center, holding microphone) heads a congressional delegation in a meeting with visiting South...

Read more

Ombudsman finally acts on lawyers’ complaint

byManila Standard
July 2, 2022, 11:10 pm
0
152
Ombudsman firm on stance on release of SALNs

It may be true that justice grinds ever so slowly in the Philippines. Consider this. It took the Office of...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App