TWO Filipino lawyers, who wrote about how the Philippine economy coped with the pandemic, have won in the Asean-Australia-New Zealand Free Trade Area (AANZFTA) Competition Law Essay Contest.
The entry, titled “Online Platforms in a Lockdown Economy—An Asean Market Experience”, submitted by Atty. Abraham Alonzo O. Guiyab and Atty. Maria Fraulaine May L. Rapal, is among the five winning entries in the open category of the contest, according to the Asean Experts Group on Competition and Australian Competition and Consumer Commission.
“With the hit of the Covid-19 pandemic, the Philippines has imposed quarantine restrictions to curb the effects of the pandemic. However, the shift in priority from the economy to health left industries in the formal and informal economy at a breaking point. As such, there was a need to adapt and shift into digitalization,” the paper says.
It notes that online platforms started to flourish with a significant growth in the number of new consumers using digital services. Local websites for food delivery service, mobile banking applications, and e-commerce particularly experienced usage increase.
Localized lockdowns and checkpoint-restricted mobility, and necessity drove more people than ever towards using fintech and other cashless solutions to access shopping portals while avoiding risk of exposure, it adds.
This was supported by larger e-commerce solutions, such as Shopee and Lazada, which offer an integrated shopping experience that facilitated...
Read Full Story: https://businessmirror.com.ph/2021/12/12/phl-entrys-on-how-local-economy-survives-amid-pandemic-win-asean-writing-contest/
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