Tuesday, July 15, 2003

Lack of trust hurts the industry

This year, the E-Commerce Law or Republic Act 8792 is three years old. Many have asked what has been its impact to the country. A lot actually. Numerous government and private sector initiatives came into play prior to and after the ratification of the law.

What has been disappointing though is the growth of Internet users in the country currently estimated to be at 4.5 million Filipinos. In my discussion with peers in the industry, we all agree that this figure is very conservative versus the country’s actual population of nearly 85 million. If we will be optimistic about it and take the penetration of Internet cafes, access in schools and small enterprises into play, we might have nearly 15 million Internet users already.

For the full story, read it HERE