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World Bank urges reforms to address 'slow, costly' internet in Philippines

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The Philippines needs reforms and increased investment in broadband infrastructure as the country lags behind neighboring countries in terms of internet reach and average speed, the World Bank said.

According to the 2024 World Bank report dubbed"Better Internet for All Filipinos: Reforms Promoting Competition and Increasing Investment for Broadband Infrastructure", the Philippines' internet connectivity is the most expensive in the Southeast Asian region but is relatively slow compared to Singapore, Thailand, Malaysia, Vietnam and Brunei.MANILA, Philippines –

The World Bank said policymakers should focus on reforms and invest more budget to improve the Philippines' broadband infrastructure, as the slow internet connection affects many people and future opportunities. One way to increase internet speed in the Philippines is by adding more cell sites in the country and giving incentives to telcos, which is supported by several stakeholders in the telecommunications industry.

Makati 2nd District Rep. Luis Campos Jr. also expressed concern as the country fell by four notches to rank No. 83 worldwide in Ookla’s May 2024 Global Speedtest Index.

Source: News Formal (newsformal.com)

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