DTI-BOI, Digital Pilipinas Target ₱1.5 Trillion Investments

• DTI-BOI and Digital Pilipinas jointly hosted an event to promote the Philippines as a key investment and digital gateway to ASEAN, supporting the “Make it Happen in the Philippines” campaign. 
• The gathering brought together industry experts and dignitaries to discuss the country’s potential in the global market.
• The event also marked the launch of the Digital Pilipinas Festival x Philippine Fintech Festival Year 2, set for November 2023, aiming to gather industry leaders and promote collaboration in investment, technology, and innovation.

To position the Philippines as a key investment and digital gateway to ASEAN, the Department of Trade – Board of Investments (DTI-BOI) and a private sector-led technology movement Digital Pilipinas co-hosted an event with prominent investment champions to support the “Make it Happen in the Philippines” campaign. The gathering highlighted the potential of the country in the global market.

DTI – BOI x Digital Pilipinas Event

The event, themed “Philippines as the Investment and Digital Bridgeway to ASEAN”, brought together industry experts, government officials, investors, and foreign dignitaries to discuss the Philippines’ potential as an investment hub and gateway to both the ASEAN region and the global stage.

“With its strategic location, robust economy, and commitment to technological innovation, the Philippines provides a central access point for investors and digital pioneers to tap into the diverse opportunities across ASEAN nations,” Digital Pilipinas Convenor Amor Maclang affirmed.

In July, Philippine Economic Zone Authority (PEZA) and the Department of Trade and Industry’s (DTI’s) Board of Investments (BOI) chose Digital Pilipinas as their inbound and outbound promotions partner.

Hjayceelyn Aurora Quintana, the Philippine Permanent Representative to ASEAN, discussed the government’s efforts to foster growth in creative industries, IT, and business process management sectors.

“Among these strategies is making use of a combination of financial and technical support to academic and skills training institutions, business incubators, and startups,” she shared. 

In a statement, Digital Pilipinas shared that the event marked the launch of the Digital Pilipinas Festival x Philippine Fintech Festival Year 2, scheduled for November 21-24, 2023, at SMX Aura and multiple locations nationwide. This festival supports investment efforts in collaboration with DTI and national agencies, aiming to be a major gathering of industry leaders and delegations to set new collaborative benchmarks.

Maclang recently took part in the ASEAN Indo-Pacific Forum 2023, where she was a panelist in a discussion with leaders from ASEAN and the Asia-Pacific region. She delivered remarks on the “Creative Economies panel on Advancing Movie, Audio-Visual Entertainment Industry and Digital Product through Better Regulation.”

DTI New Platform

Moreover, at the event, DTI Secretary Alfredo Pascual declared that the DTI-BOI is dedicated to advancing initiatives that actively promote investment opportunities for the country’s economic development.

Pascual disclosed that the BOI will launch a platform to provide massive training to millions of young people in September, the 56th anniversary of the BOI’s founding.

“To support this platform, we are putting up what we call the national innovation hub and there will be a physical hub. We’re getting the support of the Asian Development Bank (ADB) with significant funding, and this will house also the Center for Artificial Intelligence (AI) Research that will work on the application of AI in the operations of our small to large businesses,”  he stated noting that the platform will also be supported by tech companies in the United States.

Make it Happen in the Philippines Campaign

The “Make it Happen in the Philippines” campaign is an initiative to raise awareness of the various investment opportunities available in the country to the worldwide market.  

The event was honored by the presence of ambassadors from Spain, the United Kingdom, Belgium, Canada, Hungary, Papua New Guinea, Romania, Saudi Arabia, Singapore, Thailand, Cambodia, Brunei, Malaysia, and Vietnam, as well as the consuls of Monaco, Montenegro, Norway, Nigeria, Egypt, and Myanmar.

The gathering also saw the participation of various organizations, including Lufthansa Philippines, Collins Aerospace, Schneider Electric, Transcend Towers Infrastructure (Philippines) Inc. (a subsidiary of American Tower Corporation), Etiqa Life & General Assurance Philippines, Inc., IT & Business Process Association of the Philippines, Inc., Esquire Financing, Inc., Global Impact FinTech Forum, GROVER Pte Ltd, Prosperna, Dragonpay Corporation, GeiserMaclang Marketing Communications, Inc., SolX Technologies Inc., CyberQ Group, StackTrek, Collabera Digital, KPMG in the Philippines, Foxmont Capital Partners, Xendit, Igloo, Finscore, Tala Financing Philippines Inc., Bosch Philippines, Brankas, and Takeda Healthcare Philippines, Inc.

Digital Pilipinas Events

Moreover, the media release also stressed that the 2nd year of the Digital Pilipinas Festival & Philippine Fintech Festival will be held immediately after the Singapore Fintech Festival and coinciding with the Philippine Startup Week. It will include several exclusive global enrichment opportunities to foster collaboration and innovation, such as the Global Investment Forum, the ASEAN Digital Economies Summit, and the launch of several international partnership programs.

The festival will also be an avenue to promote world-class ideas and talent through the ASEAN Startup Village and the Tech Career Expo, and to honor the achievements of local and international digital leaders with the Asia Digital Leader Awards and the Voice of Digital Pilipinas – Digital Bayanihan Awards. 

The Global Fintech Institute (GFI) will also co-lead C-suite masterclasses on smart cities and proptech, sustainability tech, fintech and lending, big data and AI, insurtech and healthtech, and trusttech.

This article is published on BitPinas: DTI-BOI, Digital Pilipinas Target ₱1.5 Trillion Investments

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