The Philippines is the fastest growing digital economy in Southeast Asia. In 2021, the internet economy in the country is valued at US$ 17 billion — an exponential increase from the US$ 2 billion levels in 2015. While all ASEAN-6 countries are expected to have double-digit growth rates in the internet economy, the Philippines leads the way with a projected 24% compounded annual growth rate by 2025.
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Revisiting the U.S.-China 5G Race: New Sheriff, Same Stakes
The Biden Administration ushers a transition in United States’ foreign policies, most of which overturns Trump’s position in the international arena. On his first day, Biden renewed American commitment to climate change initiatives, rejoined the World Health Organization, and reversed Trump’s immigration policies. While there will be several departures from the previous foreign policy directions, some things will remain the same.