46th Philippine Business Conference and Expo
Philippine Chamber of Commerce and Industry (PCCI) hold its annual event virtually last October 7 to 8, 2020 due to the ongoing pandemic.
This year’s theme “Innovation@ph”, aims to provide the roadmap for businesses to effectively navigate uncharted territories and for the country to chart a more sustainable and secure future. With businesses transitioned to work remotely, use of digital technology, E-commerce and E-business are on the rise to eliminate any long-term business disruptions caused by the current pandemic. The conference also closely examine the country’s innovation ecosystem and share innovative strategies and technological innovation that can radically improve business performance.
For the Opening Keynote Speech, Vice President Leni Robredo discussed about her accomplishments during the pandemic.
Department Of Finance Secretary Carlos G. Dominguez, III, discussed about the Boldness and Innovation in Fiscal Management. During his presentation he m entioned that without the tax reforms, rice tariffication law, and other far-reaching measures, the COVID-19 crisis would have inflicted much more pain on our people, businesses, and the economy.
Former President of the Philippines Gloria Macapagal-Arroyo discussed about the Economic Recovery and Sustainability through Innovative Practices. She mentioned that making financial technology more inclusive rather than widening the digital gap is important because the second most vulnerable to the pandemic is the micro sector or the small and marginal society
Department of Science and Technology Secretary Fortunato Dela Pena discussed about the Industry 4.0: The Future of Productivity. He mentioned that with the S.T.E.P 4.0 program of the DOST, we hope to transform our current businesses to smart SMEs ready for Industry 4.0.
Plenary 4. Ms. Josephine Gotianun Yap, President and CEO of Filinvest Development Corp., Ms. Minette Navarrete, President of Kickstar Ventures and Mr. Jojo Malolos, CEO of JG Digital Equity discussed how large companies embrace innovation.
Bangko Sentral ng Pilipinas Director Ellen Joyce L. Suficiencia discussed about the Innovative Financing Solutions for Business. She mentioned that BSP’s goal under the Digital Payments Transformation Roadmap 2020-2023 is to have 50% of total retail transaction volume to be digital and for 70% of Filipino adults to be financially included.
Lito Villanueva, Chairman of FinTech Alliance of the Philippines mentioned during his presentation that through their Diskartech app, Filipinos can open their own savings account in less than 30 minutes with no initìal deposit, no maintaining balance, no dormancy fees and your deposits insured with PDIC.
Mr. Bobby Castro, the President and CEO of Palawan Express mentioned that pawnshops and money remittances have become One Stop money shop for the average Filipinos during the pandemic. They were also tapped by companies for their payroll services, collection, cash disbursement, payouts from online bank remittance and other bank transactions.
DOST Usec. Rowena Guevara discussed about the Research and Innovation: Tools to Maneuver into the Next Normal. She mentioned that the agency granted 44 cradle programs within the country. DOST provides funding to the academic institution. She also mentioned that she only ask 2 things from their industry partners: funding, as well as the promise to adopt the technology once it is developed. This is a tough process that requires partnerships from both parties.
Mr. Joey Gurango, Co-Founder and Coach of Servio Small Technologies mentioned that if you have not achieved digital maturity by 2021, you will go extinct. We are already seeing physical businesses close down around the world in light of the pandemic.