The visit was part of the DTI’s efforts to promote the Philippines’ business environment and encourage foreign investment. The BOI’s participation was also aimed at exploring opportunities for the Philippines to attract more foreign direct investment (FDI) from Hong Kong. ### The Visit

The Visit

Overview of the Meeting

The visit was a significant milestone in the Philippines’ efforts to strengthen its economic ties with Hong Kong. The meeting was an opportunity for both parties to discuss the Philippines’ business environment and the opportunities for foreign investment. The DTI and BOI representatives were briefed on HGC’s operations and services, including its telecommunications and data center businesses. HGC’s management team provided insights into the company’s growth strategy and its plans for expansion in the Philippines. * The meeting also covered topics such as trade and investment agreements, regulatory frameworks, and the Philippines’ competitiveness in the region. #### Key Takeaways

Key Takeaways

The visit was a success, with both parties expressing their commitment to strengthening their economic ties.

The partnership has also enabled the HGC to provide high-speed internet services to rural areas, bridging the digital divide. ## The Philippines’ Digital Transformation Journey

The Philippines’ Digital Transformation Journey

The Philippines has been actively pursuing its digital transformation journey, with a focus on bridging the digital divide and promoting economic growth. The country’s efforts have been supported by various government agencies, including the Department of Trade and Industry (DTI) and the Board of Investments (BOI). ### Key Partnerships and Initiatives

Key Partnerships and Initiatives

The visit of DTI and BOI to HGC marked a significant milestone in the partnership. The partnership has enabled HGC to deploy high-quality fiber networks across Luzon Island, leveraging the expertise of major local network operators.

1H2024 targets 1.5 million subscribers, with a growth rate of 20% YoY. ### Article Title: “Fibre Optic Expansion: A Key Driver of Digital Transformation”

Article Title: “Fibre Optic Expansion: A Key Driver of Digital Transformation”

The Vision Behind the Rollout

The rollout of a 1,500km fibre optic asset in the first half of 2024 marks a significant milestone in the country’s digital transformation journey. This ambitious project aims to bridge the digital divide and provide high-speed internet connectivity to millions of underserved and unserved communities. The fibre optic network will be strategically deployed to cover key corporate and residential areas, as well as locations that have been historically underserved.

Strategic Investment in South East Asia

HGC’s strategic investment in South East Asia is a key component of its long-term growth strategy. The company is actively exploring opportunities to expand its presence in the region, driven by the significant growth potential in countries such as Malaysia. * Key highlights of the investment: + Equity investment in Malaysia + Focus on growth potential in the country + Strategic alignment with HGC’s long-term growth strategy

Advancing Business Development in Hong Kong

While expanding in South East Asia, HGC remains committed to advancing its business development in Hong Kong. The company recognizes the importance of its home market and is dedicated to driving growth and innovation in the territory.

Fusion Armor will leverage advanced technologies such as AI-driven threat detection, behavioral analytics, and machine learning-based incident response. The platform will also provide real-time threat intelligence, customizable reporting, and advanced analytics to help businesses stay ahead of evolving threats.

Reliable telecom services for a global market.

Overview of HGC Global Communications Limited

HGC Global Communications Limited is a prominent player in the telecommunications industry, boasting a significant global presence. With 21 global offices and staff presence in 33 cities worldwide, the company has established itself as a reliable and efficient provider of telecom services. ### Key Services Offered by HGC

Key Services Offered by HGC

HGC offers a wide range of services, including:

These services cater to various markets, including local, overseas, corporate, SME, and mass markets. ### ICT Solutions for Businesses

ICT Solutions for Businesses

HGC provides a range of ICT solutions to support businesses in their digital transformation journey. Some of the key solutions include:

These solutions enable businesses to improve their operational efficiency, enhance their customer experience, and reduce their costs. ### Data Centre Services

Data Centre Services

HGC’s data centre services provide businesses with a secure and reliable platform for their data storage and processing needs. The company’s data centres are equipped with state-of-the-art infrastructure and are located in strategic locations around the world. ### Broadband Services

Broadband Services

HGC’s broadband services offer businesses and individuals a fast and reliable internet connection.

Introduction

The PTIC-HK is a key player in fostering economic cooperation between the Philippines and the Special Administrative Regions of China. As a premier trade and investment center, PTIC-HK plays a vital role in promoting the country’s exports, attracting foreign investment, and enhancing economic ties with its key partners. ### Key Objectives

Key Objectives

History

The PTIC-HK was established in 2001 as a result of the agreement between the Philippine government and the Hong Kong SAR government. The center was created to strengthen the economic ties between the Philippines and Hong Kong, and to promote the country’s trade and investment opportunities. ### Early Years

Early Years

In its early years, PTIC-HK focused on promoting the Philippines’ exports to Hong Kong, particularly in the areas of electronics, textiles, and food products. The center also provided assistance to Filipino exporters in navigating the complexities of the Hong Kong market. ### Expansion and Growth

Expansion and Growth

Over time, PTIC-HK expanded its scope to include foreign investment promotion and economic cooperation.