(Manila, Philippines – September 21, 2021) PLDT highlighted the increasing attractiveness of the Philippines as the next strategic hyperscaler destination in Asia during the China International Fair for Investment and Trade (CIFIT) 2021.
According to PLDT Territory Head for China and Asia Pacific Region
Darren Wu, the Philippines is getting the attention of global cloud companies
for prospective investments in the near to short term.
"Structure Research, a respected research firm niched in the data Center, internet and cloud space cited Manila, Philippines as one of the emerging DC markets which are in the opportunity quadrant. The country was positioned to having a high growth rate outlook alongside Malaysia and Thailand," said Wu.
He also noted that the Philippines' cultural affinity has the
propensity to access foreign content. Its mobile phone connections and internet
users are the second highest in the Southeast Asia region, showing the
capability of the local market to consume data and access services, and content
from hyperscalers.
The country also has a promising business market where primary
consumers of cloud solutions and services are local enterprises. Likewise, the
US News and World Report and investment management company InvestAsian both
ranked the country as one of the best countries to invest in.
"The ongoing investments of telecom companies for the
country's adoption of 5G network and their impending localization simultaneous
with PLDT's aggressive 5G infrastructure expansion thrust increases the
attractiveness of the PH as a market for hyperscalers," Wu added.
PLDT owns the largest carrier-neutral network of globally
certified VITRO Data Center facilities in the Philippines designed to support
and fortify the operations of hyperscalers with its over 9,000 racks. VITRO
data centers also host two major internet exchanges in the country and serve as
the global gateway across different sectors, making it the preferred colocation
site for hyperscalers.
This showed the country's acknowledgment of the digital economy
and service opportunities to further expand bilateral economic relations.
Similarly, PLDT also presented its hyperscaler thrust at the Philippine Digital
Services Forum in the China International Fair for Trade in Services (CIFTIS)
2021.
The CIFTIS' Philippine Digital Services Forum seeks to promote the Philippine Information Technology (IT) and IT-enabled services to support Chinese enterprises' internationalization and complement services for Chinese consumers.
Present during the event were DTI Sec. Ramon Lopez, Philippines to
China Ambassador for Extraordinary and Plenipotentiary Jose Santiago Sta.
Romana, PTIC-Beijing Commercial Counsellor Glenn PeƱaranda and IT and Business
Process Association of the Philippines (IT BPAP) Executive Director for
External Affairs & Investor Relations Ricky Salvador, among others.
The Center for International Trade Expositions and Missions
(CITEM) and the Department of Trade and Industry's (DTI) Philippine Trade and
Investment Center-Beijing (PTIC-Beijing) are co-organizers of the country’s
participation in the event.
The PLDT Group recently joined the Department of Trade and
Industry (DTI) and the Philippine Board of Investments (BOI) for the
government’s push to invite massive technology providers to expand their
operations in the Philippines.
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