(Bloomberg) — The number of registered Philippine online businesses surged more than 40 times in the past five months as people turned to the Internet for income amid one of the world’s longest lockdowns.
A pedestrian wearing a protective mask walks through a deserted precinct in Bonifacio Global City, Metro Manila, the Philippines. on Monday, July 27, 2020. In his annual address to lawmakers today, Philippine President Rodrigo Duterte is expected to unveil an economic recovery roadmap. At the start of the coronavirus outbreak, Duterte said the disease would “die a natural death.” Five months later, the pandemic is raging, the economy is facing a deep contraction, and his political future could be at stake.
Registered online business names soared to over 75,000 last week from 1,700 in March, the Department of Trade and Industry said in a statement on Tuesday.
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