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Friday, March 29, 2024

PH rising as next hyperscaler center

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The Philippines is gearing to be the next hyperscaler hub in the Asia-Pacific region, providing opportunities for investments and partnerships for hyperscaler and data center firms, the Board of Investments said Friday.

The BOI said a webinar held by International Investments Promotions Service and the Philippine Trade and Investment Center in Hong Kong on Aug. 24 underscored the promising prospect and competitive advantage of the Philippines as the next investment destination for the hyperscaler and data center industry.

“We believe that the hyperscalers industry will be the next growth engine of the Philippines. We are keen on helping hyperscalers cloud services and start-up ecosystem in the Philippines,” said Trade Secretary Alfredo Pascual.

“We hope that you find these opportunities as promising as we do with your trust and passion. Let us make hyperscaler investments and partnerships happen in the Philippines,” Pascual told investors.

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