Philippines’ digital economy continues to gain ground amid COVID-19 pandemic

DTI

The Philippines is poised to be the next hyperscalers hub in the Asia Pacific (APAC) region as the country’s digital and economic profile continues to gain ground amid the coronavirus pandemic, according to government executives.

Hyperscalers are global technology companies providing cloud and internet-based services, which require huge amounts of space, power, and connectivity because of their massive customer base and user demand surges. Alibaba, Google, Microsoft, Amazon, and Facebook are just some of the major and more prominent industry players.

“After being widely-recognized as the outsourcing capital of the world, this is the natural next step for the Philippines as our country now has all the necessary elements in place to make it happen and be the next hyperscalers hub in the region”, Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairman Ramon Lopez said during the media launch event yesterday (September 1, 2021) “Philippines: The Next Strategic Hyperscalers Hub in APAC”.

“With our thriving digital and economic profiles, robust and sustainable infrastructure and rich talent pool, combined with strong government support and favorable regularly environment, global technology giants can definitely ‘Make It Happen’ in the Philippines,” Secretary Lopez added.

Trade Secretary Lopez led the media launch event along with key government officials – Department of Information and Communications Technology (DICT) Secretary Gringo Honasan and Department of Energy (DOE) Secretary Alfonso Cusi.

Information and Communications Technology Secretary Honasan, in his message, reiterated the DICT’s key initiatives in improving the Philippines’ business climate, particularly in telecommunications infrastructure and connectivity to support the entry and provide further opportunities for hyperscalers. Energy Secretary Cusi meanwhile emphasized the country’s sufficient renewable energy source to support the power requirements of hyperscalers and available options for competitive power cost.

They were also joined by representatives from the local industry players namely Jovy Hernandez, President & CEO of ePLDT and Senior Vice President& Head of PLDT and Smart Enterprise Business Groups and Raymond Ravelo, Chief Sustainability Officer of Meralco Group and CEO of eSakay who reinforced the Philippines readiness to host hyperscalers with reliable digital and infrastructure support.