The Philippines should address the issues on ease of doing business, infrastructure, education and internet connectivity. With limited space, let’s tackle infrastructure and internet connectivity.
According to Colliers Philippines offices services division director Kevin Jara, infrastructure and traffic congestion remain a perennial challenge for the Philippines. In a report by The TomTom Traffic Index, it takes about 25 minutes and 30 seconds to travel 10 kilometers in Metro Manila, the slowest compared to 387 metropolitan areas in 55 countries.
“The PPP code is also expected to accelerate the approval and implementation of infrastructure projects, aiming to secure project approvals within 120 calendar days, faster than the previous 180-day period. Currently, 125 projects valued at over P3 trillion are in the PPP Center’s pipeline, including projects for the construction of expressways and airports.
In its latest release of International Institute for Management Development’s 2024 World Competitiveness report cited that the Philippines ranked 52nd out of 67 participating countries, maintaining its ranking from the previous year but dropping four places from 48th in 2022. Converge CEO and Cofounder Dennis Anthony Uy says the company is breaking ground on Ribbon’s 5 nanometer —140Gbaud transmission chipset that will expand its fiber network capacity from its existing 800 Gigabits per second to 1.2 Terabit per second per channel within the network, which can increase threefold the needed capacity for hyperscale applications that typically require around 400 Gbps.
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