Google PH says it sees 'amazing growth' in Philippine economy

Tech company, Google Philippines has applauded the robust growth of the Philippine economy under the administration of President Ferdinand R. Marcos Jr., according to the Philippines Information Agency (PIA) which is the official public information arm of the Government of the Republic of the Philippines.

“Our reports reflect a lot of what you mentioned about the growth potential and the amazing growth that we’ve seen in the Philippines,” Google Philippines country manager Jackie Wang said.

She was speaking at the World Economic Forum this week where she asked President Ferdinand how he could help in the digitisation journey and make a "digital Philippines".

She said that Google’s own digital economy report reflects a lot of what the President mentioned about the growth potential in the Philippines.

In fact, since 2023, the Philippines’ digital economy was at US$23 billion in growth in merchandising value and had a compound “giga growth” of 16 per cent, as described by Google.

In response, President Ferdinand invited the private sector to help the government in improving the country’s internet connectivity and to fortify critical infrastructures against cyber-attacks.

“We are still at the level where we are worried about connectivity and we are working very hard because being an island nation that becomes a real factor, that becomes a real challenge,” the President said.

The President then described cyber security problems as “the darker side of technology,” which has become quite pronounced, prompting the government to respond.

“We have had many instances where there are scams and hacking. We have also fallen victim to these nefarious activities. So, these are the areas that we worry about,” Marcos said adding that is has becomes imperative for the private sector to take part in ensuring cyber scams and cyberattacks are effectively managed. (PND)

In tandem, the World Economic Forum also said that the Philippines reportedly has the potential to become a US$2 trillion economy over the next decade. This is if investments in key sectors such as education and infrastructure are sustained.

If realised, the Philippines will reportedly be comparable with the size of Canada, Italy and Brazil today.

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