![]() ![]() A February 2020 survey declared that 43% of Philippine private companies had increased allocation towards cybersecurity solutions investment. The COVID-19 pandemic has changed the Philippines’ digital landscape. The tech-savvy Filipino population with few data protection mechanisms makes the Philippines extremely vulnerable to cyber-attacks and incidents. There are four leading subsectors with commercial opportunities for U.S. These systems will drive demand for hardware, software, and services. Road, railway, airport, bridge, and port systems will require design software, building information modeling (BIM) for better project management and file-sharing applications. ![]() Philippine infrastructure investments are another area of opportunity for U.S. There is an upward trajectory in their spending levels on technology benefitting premium brands. The Philippines’ growing middle class and the young population are also important drivers of IT demand. In 2016, the Philippine Government established its own Department of Information and Communications Technology (RA 10844) to show its strong support to the ICT industry. To create a better business environment and support its digital transformation projects, former President Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act (RA 11032) in May 2018. On March 21, 2022, former President Duterte signed the amendment to the Public Service Act (11659), allowing up to 100% foreign ownership of public services in the Philippines, including Telecommunications. The Duterte Administration believed that improving ICT would also improve the Filipinos’ quality of life while addressing the many challenges of doing business in the Philippines. Under the digital transformation program, the immediate priorities include a cloud data center, software development for business process improvement, the conversion of local government units into smart cities, cybersecurity solutions for data privacy protection, and improving the internet and mobile services landscape through a national broadband plan. ![]() The Marcos Administration has announced its intention to continue the previous Duterte Administration’s digital transformation program. Significant growth in private and public investment, upward consumer spending, and demand for better service drive the information and communications technology industry in the Philippines (ICT).
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December 2022
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