PLDT Inc. said its major infrastructure investments support the government’s mandate to support economic growth.

These key projects, such as the new Jupiter Cable international link system and the largest data center VITRO Sta. Rosa in Laguna, are contributing significantly to propelling the nation’s digital infrastructure needed to support government initiatives and key industries, PLDT said.

“PLDT’s investments are creating this right infrastructure that will significantly propel the digital transformation of the Philippines. This world-class infrastructure will build and drive the hyperscale ecosystem – a key economic ambition of the country,” said Alfredo Panlilio, President and CEO of PLDT and Smart Communications Inc..

In a recent report published by Trading Economics, the Philippines ranks 10th among Asian countries in terms of Gross Domestic Product (GDP) per capita correlated with the Digital Transformation Index, with Singapore being number one in the region.

The study shows how digital transformation as an integrator of digital technology in enterprises results in high-tech public spending, which brings economic growth.

Other studies, including a World Bank Group report, show the correlation between a country’s current level of digital transformation and the ease of doing business, citing indicators to measure aspects of business regulations that improve commercial activities and those who restrict them.

There are indications that a high level of digital transformation and the presence of the right digital infrastructure in a country contributes to higher levels of ease of doing business and better GDP per capita.

PLDT Group said it is strongly committed to improving the country’s digital infrastructure, spending total capital expenditures of more than 518.5 billion pesos over the past 10 years, including the massive construction of its fiber optic network. This network now spans more than 803,000 kilometers, serving local and global businesses, homes, governments and individuals.

PLDT and Smart’s relentless efforts to provide connectivity for all aligns with the group’s long-standing commitment to helping the Philippines achieve the United Nations Sustainable Development Goals, particularly SDG 9: industry, innovation and infrastructure. – Myla Iglesias