16-07-2025
DICT, Maharlika sign pact on digital infra investments
The Department of Information and Communications Technology (DICT) and the Maharlika Investment Corporation (MIC) have forged a partnership to boost digital infrastructure investments in the country.
In a statement on Wednesday, the DICT said Secretary Henry Aguda and MIC president and CEO Rafael Consing Jr. signed a memorandum of understanding (MOU) on July 15.
Under its collaboration with the ICT Department, the country's sovereign wealth fund would invest in 'critical digital infrastructure projects that not only generate long-term returns but also drive inclusive growth across geographically isolated and disadvantaged areas (GIDAs).'
The DICT said the investment cooperation accord is seen to bring more ICT infrastructure as it emphasized the importance of strategic partnerships amid the growing importance of the digital economy in the country's economic growth.
'We will fulfill the promise of the President to the Filipino people to provide affordable internet, from Batanes and Marawi to Caramoan Island and everywhere that there's a person who needs to go online. If we work together, our window for execution is very short, but the impact we will create for this country will be generational,' said Aguda.
'This MOU marks a vital step toward building the digital backbone of our nation, one that delivers long-term, intergenerational impact. By prioritizing digital infrastructure today, we are not only enabling inclusive growth and innovation but also securing opportunities for future generations of Filipinos. Maharlika is proud to play a key role in shaping a more connected, future-ready Philippines,' Consing added.
The DICT said its partnership with the MIC is also expected to boost investor confidence and attract local and foreign investments in underserved areas.
By enhancing digital capabilities in remote and rural localities, the initiative will create a foundation for new economic activities, innovation hubs, and service industries, which will ultimately contribute to balanced regional development and reduced socio-economic disparities, according to the ICT Department. —VBL, GMA Integrated News
