September 8, 2025 | 12:00am
MANILA, Philippines — The Division of Commerce and Trade (DTI) is hopeful that the inventive business’s contribution to the Philippine economic system may attain P2 trillion this 12 months, amid ongoing initiatives to help the sector’s development and place the nation as Asia’s inventive hub by 2030.
Commerce Secretary Cristina Roque advised reporters through the Malikhaing Pinoy Expo that the company is hopeful that the inventive business’s worth may rise to P2 trillion this 12 months.
“That’s actually the purpose as a result of we have to actually push the business,” she mentioned.
In accordance with the Philippine Statistics Authority (PSA), the worth of the nation’s inventive economic system went up by 9 % to P1.94 trillion final 12 months from P1.78 trillion in 2023.
The sector contributed 7.3 % to the nation’s gross home product final 12 months.
As a part of efforts to place the Philippines as a hub for inventive industries in Asia by 2030, the DTI performed the Malikhaing Pinoy Expo on the SMX Aura, Taguig Metropolis from Sept. 3 to 7, to raise the nation’s inventive domains.
Roque mentioned the Philippines has been often called a nation of storytellers, designers, musicians, animators, writers and cultural bearers.
“Filipino creativity has been widely known worldwide and now, we’re positioning it as a strategic pillar of our economic system that may drive our financial development ahead and supply jobs to our folks,” she mentioned.
PSA knowledge confirmed that the inventive business accounted for 15.4 % of the nation’s complete employment final 12 months, offering 7.51 million jobs.
As a part of the push for the inventive business, Roque mentioned the DTI is actively selling the gaming and animation segments.
Whereas the Philippines is already being tapped for gaming and animation, she mentioned “lots of people don’t know that that’s additionally our edge.”
As such, she mentioned the DTI is encouraging the personal sector to discover alternatives in gaming and animation within the Philippines.
The DTI can also be selling Philippine style and furnishings.
Roque additionally mentioned the DTI is implementing varied initiatives to help the inventive business.
“We’re rolling out reforms and packages that present tangible help, resembling financing for inventive entrepreneurs, stronger mental property safety, enhanced coaching and upskilling and expanded world market entry,” she mentioned.
She mentioned a mortgage facility can also be obtainable for the inventive business beneath the DTI’s financing arm, Small Enterprise Corp.
