We are creating some awesome events for you. Kindly bear with us.

The Philippines’ ICT sector investments reach all-time high

The Information and Communications Technology (ICT) sector became the top investment contributor in the Philippines with an outstanding increase from PHP 340 million (US$ 6.6 million) last year to PHP 308.8 billion (US$ 6 billion).

According to a recent press release, the ICT sector surged to the top of the Board of Investments (BOI) approvals.

The Department of Information and Communications Technology (DICT) Undersecretary for Operations Eliseo M. Rio, Jr shared that this is the first time in the history of the country that the sector became a top investment contributor.

Investments in ICT

The massive increase can be attributed partly to the entry of a third major player in the Philippine telecommunications market.

This major player had committed to invest PHP 275 billion (US$ 5.3 billion) into its rollout in the next five years.

According to the Undersecretary, the healthy competition that was fostered between the major telco players had translated into substantial investment by the two incumbent telecoms, which amounted to a combined PHP 120 billion (US$ 2.3 billion) annually.

Additionally, the Undersecretary claimed that common tower providers are also seen to have poured in an investment of PHP 3.4 billion worth of dollar investments for the rollout of 50,000 target cellular sites across the country in the next seven years.

Similar passive telecommunication infrastructure such as fibre optic cables, cable landing stations, submarine fibre optic cables and outside plants will contribute an annual influx of PHP 100 billion (US$ 1.9 billion) until 2022.

By 31 August 2019, more than half of the total investments approved by the BOI were contributed by the ICT sector alone.

This can be attributed to the aggressive actions of the Department in paving the way for the third telco as well as pushing for its common towers and other passive telecommunication infrastructure program.

All these ICT investments will bear fruit by the year 2020. This is part of the DICT’s Vision 2020, which is to greatly improve telecommunication services in the country that will be felt by the people before the end of the year 2020.

The total BOI-approved investments ballooned to PHP 609.04 billion (US$ 11.7 billion) by August this year. Data showed that 98% of these investments are generated from outside the Metro.

The surge of investment in the ICT sector is a good indicator of progress as the government strengthens its efforts to improve telecommunication services and internet connectivity in the country.

Board of Investments

The Philippine Board of Investments (BOI) is an attached agency of the Department of Trade and Industry (DTI), the Agency that is responsible for domestic and foreign investment promotion in the country.

It acts in an advisory, actual and service capacity to businesses through the development and promotion of various industries.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend