The Market Monitor Minding the Nation's Business
The Philippines’ location, competitive incentives, and skilled workforce make it an ideal site for digital infrastructure, Board of Investments (BOI) Executive Director Bobby Fondevilla said last week.
Speaking at the Siemens Tech Forum in Mandaluyong City, Fondevilla highlighted the growing role of the data center industry as one of the cornerstones of the country’s digital economy.
He said the government is pursuing a science and technology-based approach and an innovation-led strategy to position the Philippines as a regional hub for sustainability-driven industries.
“The Philippines is not just ready. It is an ideal location for the future of digital infrastructure with our competitive incentives, strategic locations, and a government fully committed to innovation. We are creating the ideal environment for data center investments to thrive,” he said.
He cited the country’s tech-savvy population, skilled and adaptable workforce, rising renewable energy capacity, and updated regulatory frameworks as key factors driving investor confidence.
Fondevilla noted that several global data center operators are already in the country, proof that “the Philippines is no longer a potential location but already a reality.”
For his part, Siemens ASEAN President and CEO Dr. Thai Lai Pham said the Philippines is benefiting from the rapid growth of Southeast Asia’s digital infrastructure market.
He cited industry data showing the Philippine data center market was valued at USD633 million (₱36.2 billion) in 2024, with projections reaching USD1.97 billion (₱112.67 billion) by 2030.
Pham underscored the need for efficiency, resilience, and sustainability to ensure the sector’s long-term success.
“The Philippine data center industry is at the forefront of the country’s digital transformation. All stakeholders must engage in continuous dialogue to fully harness the game-changing developments shaping this sector,” he said.