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Philippines Digital Economy Report 2020 V ABBREVIATIONS and ACRONYMS Public Disclosure Authorized Philippines Digital Economy Report Public Disclosure Authorized 2020 A BETTER NORMAL UNDER COVID-19: DIGITALIZING THE PHILIPPINE ECONOMY NOW Public Disclosure Authorized Public Disclosure Authorized A BETTER NORMAL UNDER COVID-19: DIGITALIZING THE PHILIPPINE ECONOMY NOW A BETTER NORMAL UNDER COVID-19: DIGITALIZING THE PHILIPPINE ECONOMY NOW © 2020 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [email protected]. A BETTER NORMAL UNDER COVID-19: DIGITALIZING THE PHILIPPINE ECONOMY NOW PHILIPPINES DIGITAL ECONOMY REPORT SEPTEMBER 2020 Macroeconomics, Trade, and Investment Global Practice Finance, Competitiveness, and Innovation Global Practice East Asia and Pacific Region ACKNOWLEDGMENTS The Philippines Digital Economy Report is a publication prepared by a World Bank (WB) Philippines team in collaboration with the Philippines Digital Economy Steering Committee coordinated by the National Economic and Development Authority (NEDA). The report assesses the state of the digital economy in the Philippines, and prescribes policy recommendations to increase digital adoption, decrease the digital divide, and address the new normal brought by the COVID-19 pandemic. The intended audience are Philippine policymakers, but the report may serve the needs of a wider audience including the private sector, academia and think tanks, development partners, and WB management and staff. The report was undertaken with the guidance of the Philippines Digital Economy Steering Committee consisting of key government stakeholders including NEDA, Department of Finance (DOF), Department of Budget and Management (DBM), Department of Trade and Industry (DTI), Department of Information and Communications Technology (DICT), Department of Science and Technology (DOST), Philippine Competition Commission (PCC), Philippine Statistics Authority, and the Bangko Sentral ng Pilipinas (BSP). On the World Bank side, the report was undertaken with the guidance of Ndiame Diop (Country Director, Brunei, Malaysia, Philippines and Thailand; and former Practice Manager, Macroeconomics, Trade and Investment Global Practice), Mara Warwick (former Country Director), Hassan Zaman (Regional Director, Equitable Growth, Finance and Institutions, East Asia and Pacific), Achim Fock (Operations Manager; and Acting Country Director at report finalization), Cecile Thioro Niang (Practice Manager, Finance, Competitiveness and Innovation Global Practice), Souleymane Coulibaly (Program Leader, Equitable Growth, Finance and Institutions) and Birgit Hansl (former Program Leader). The study was conducted by a team from multiple Global Practices at the WB. Kevin Chua (Task team leader, Macroeconomics, Trade and Investment Global Practice) and Andres Garcia (co-task team leader, Finance, Competitiveness and Innovation Global Practice) led the preparation of the report. The task team consisted of Natasha Beschorner (Digital Development Global Practice); Isaku Endo, Jin Lee, and Asya Akhlaque (Finance, Competitiveness and Innovation Global Practice); Roberto Martin Galang (International Finance Corporation); Rong Qian, Kevin Thomas Cruz, Bradley Larson, Karen Annette Lazaro and Jessalaine Bacani (Macroeconomics, Trade and Investment Global Practice); and Grace Mirandilla- Santos, Samuel Bautista, Jonathan Pemberton and Romulo Virola (Consultants). The graphic designer and layout artist were Gato Borrero and Emmanuel Rigunan (Consultants). The report was edited by Priya Susan Thomas (Knowledge Management Officer, Documentation and Communications Products). Elysse Miranda, Reinaluz Ona and Maria Consuelo Sy provided excellent administrative support. The External Communications team, consisting of Clarissa Crisostomo David, David Llorico and Stephanie Anne Margallo, prepared the media release, dissemination plan and web-based multimedia presentation. The report was peer-reviewed by Deepak Mishra (Practice Manager), Richard Record (Lead Economist), Doyle Gallegos (Lead Digital Development Specialist), Smita Kuriakose (Senior Economist), Ana Paula Cusolito (Senior Economist), Sailesh Tiwari (Senior Economist), and Jose Ramon Albert (Philippine Institute for Development Studies). Four chapters of the report have separately undergone technical reviews under the respective Global Practices. The chapter on digital infrastructure was reviewed by Timothy Kelly (Lead Digital Development Specialist) and Doyle Gallegos. The chapter on digital payments was reviewed Harish Natarajan (Lead Financial Sector Specialist) and Marco Nicoli (Senior Financial Sector Specialist). The chapter on logistics of small parcel items was reviewed by Charles Kunaka (Lead Private Sector Specialist), Satya Prasad Sahu (Senior Trade Facilitation Specialist) and Tania Priscilla Gomez (Senior Economist). The chapter on the indirect taxation of cross-border e-commerce was reviewed by Sebastian James (Senior Economist) and Daniel Alvarez Estrada (Senior Public Sector Management Specialist). Philippines Digital Economy Report 2020 V ABBREVIATIONS AND ACRONYMS A4AI Alliance for Affordable Internet CFS Container freight station AAB Authorized agent bank CFW Customs Facilities and Warehouses ACH Automated clearing house CHED Commission on Higher Education ACOP Association of Off-Dock CY/CFS CHIP Connect, Harness, Innovate, and Protect Operators of the Philippines CICS Check Image Clearing System ACU Aggregate capacity utilization CMEC Central Mail Exchange Center ADB Asian Development Bank CMO Customs memorandum order ADSL Asymmetric digital subscriber lines CMTA Customs Modernization and Tariff Act AEC ASEAN Economic Community CMTS Cellular mobile telephone system AFM Accounting and financial management COD Cash-on-delivery AI Artificial intelligence COVID-19 Coronavirus disease 2019 APEC Asia-Pacific Economic Cooperation CPCN Certificate of Public Convenience and ARTA Anti-Red Tape Authority Necessity ASEAN Association of Southeast Asian Nations CPMI Committee on Payments and Market ATM Automated teller machine Infrastructures B2B Business-to-business CSO Clearing switch operator B2C Business-to-consumer CY Container yard BCDA Bases Conversion and Development DA Department of Agriculture Authority DAI Digital Adoption Index BDA Basic deposit account DBM Department of Budget and BEA Bureau of Economic Analysis Management BEPS Base Erosion and Profit Shifting DDT Direct debit transfer BFAR Bureau of Fisheries and Aquatic DE Digital Economy Resources DENR Department of Environment and Natural BIR Bureau of Internal Revenue Resources BOC Bureau of Customs DepEd Department of Education BPO Business process outsourcing DFON Domestic fiber optic network BRTI Indonesian Telecommunications DICT Department of Information and Regulatory Authority Communications Technology BSP Bangko Sentral ng Pilipinas DIY Do-it-yourself BTS Base transceiver station DO Department Order BWA Broadband Wireless Access DOF Department of Finance CAB Civil Aeronautics Board DOH Department of Health CAMP COVID-19 Adjustment Measures DOJ Department of Justice Program DOST Department of Science and Technology CAO Customs administrative order DOTC Department of Transportation and CATV Cable TV Communications CDN Content delivery network vi Philippines Digital Economy Report 2020 ABBREVIATIONS AND ACRONYMS DOTr Department of Transportation iBPLS Integrated Business Permits and DPWH Department of Public Works and Licensing System Highways ICT Information and Communication DTI Department of Trade and Industry Technology E&E Electronics and electrical IF Inclusive Framework e-commerce Electronic commerce IFC International Finance Corporation ECQ Enhanced Community Quarantine IMDA Infocomm Media Development EDP Electronic distribution platform Authority EDS Express delivery services IMF International Monetary Fund EIU Economist Intelligence Unit IoT Internet of Things EMI Electronic money issuer IP Intellectual property EO Executive Order IPO Initial public offering ERC Energy Regulatory Commission IPOPHL Intellectual Property Office of the EU European Union Philippines FCL Full-container load IRR Implementing rules and regulations FDI Foreign direct investment ISP Internet service provider FinTech Financial Technology IT Information technology FMIS Fiscal management information systems IT-BPO Information Technology and Business FOBN Fiber optic backbone network Process Outsourcing
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