PLDT yesterday announced it is establishing VITRO Inc. to serve as its dedicated company for data center buildup, doubling down on efforts to attract tech giants to consider the Philippines as their next investment site.
VITRO will be headed by Victor Genuino, also the president and CEO of ePLDT.
Citing a report from Structure Research, PLDT said the data center market in the Philippines has reached $219 million as of 2023. The industry is projected to expand by an average of 36 percent until 2028, as enterprises look for spaces where they can store their data.
This story is from the March 27, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 27, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Higher tariff, water use buoy Manila Water earnings
Razon-led Manila Water Company Inc. saw its first quarter net income grow by more than a third compared to last year on the back of higher tariff coupled by increase in water usage in its covered areas.c
Finance chief floats free trade deal with Canada
Finance Secretary Ralph Recto has floated the potential of a free trade agreement (FTA) with Canada as he sought more economic and investment opportunities with one of the world's biggest economies.
Senators buck revival of NFA import power
Several senators are opposing the proposal of the Department of Agriculture to restore the power of the National Food Authority NFA) to import rice.
NU spikers want double celebration
A historic double crown is here for National U's taking.
BEERMEN FIGHT FOR SURVIVAL
Who would have thought holder San Miguel Beer would be in a fighting-for-dear-life situation at this stage, against an opponent that barely made the playoffs?
Star witness implicates Trump in hush money trial
Donald Trump's former fixer Michael Cohen told jurors on Monday that the Republican presidential candidate personally approved a hush money payment to bury a porn star's story of a sexual encounter before it could derail his 2016 campaign.
14 dead in India billboard collapse
Fourteen people were killed and at least 60 were injured after a billboard collapsed during a fierce storm in India's financial capital Mumbai, officials said on Monday.
Blinken: US arms will make a difference in Ukraine
KYIV (AP) US Secretary of State Antony Blinken said yesterday that American military aid on its way to Ukraine will make a \"real difference\" on the battlefield, as the top diplomat made an unannounced visit to reassure an ally facing a fierce new Russian offensive.
White House defends Israel
Over Gaza genocide accusations
Phl, Australia hold joint drills in Isabela
At least 150 Philippine and Australian soldiers are taking part in a joint training as part of the first leg of this year's Kasangga exercise in Gamu, Isabela.
