New legislation sets to ease up investment in ICT infrastructure

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

By Alithea De Jesus

Gone are the days wherein a long list of permits and the number of agencies around 27-28 permits involved in securing permits to build a tower that is a big turn off to many investors and something that the former DICT Acting Secretary Eliseo Rio, Jr. has been fighting for which he finds not just as totally unnecessary but also impractical.

Investors at home and abroad are being encouraged to take advantage of new measures designed to make investment in the Philippines’ information communications technology (ICT) infrastructure more attractive.

The COVID-19 pandemic has meant more Filipinos needing to work from home, underscoring the need for faster internet speeds and greater reliability across all communications networks.

The Bayanihan to Recover as One Act or commonly referred to as the Bayanihan 2, signed recently by the President, will aid this effort by facilitating investment in additional cell towers, equipment software, and wireless technologies.

Permits and clearances previously required for the construction of telecommunications and internet infrastructure will be temporarily suspended.

Meanwhile, a range of regulatory processes and procedures for the development of digital, internet, and satellite technology infrastructure will be streamlined.

The measures form part of the government’s recovery package, aimed at helping businesses and workers with the economic impact of the Covid-19 pandemic.

Investors interested in investing in ICT infrastructure in the Philippines are being urged by the government to book an appointment with the Board of Investments (BOI) via their Facebook Page. A dedicated investment specialist will be available to talk to the interested parties through the new regulatory and investment processes.

Ceferino Rodolfo, Trade Undersecretary, and BOI Managing Head said, “These measures will make investing and improving our internet and communications infrastructure even easier. Such investment is good for the businesses involved, but also for Filipinos who want faster and better service.  

“I urge any business interested in learning more about the new measures concerning ICT infrastructure investment to book an appointment with one of BOI’s specialists today via our Facebook page,” Rodolfo added.

Read related story:

DICT Chief seeks EO to fast-track interconnectivity in PH