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Financial sector leading PHL data center demand

Business Mirror LogoBusiness Mirror12h ago

Financial sector leading PHL data center demand - Business Mirror

Quick Summary:

THE financial services sector remains the biggest user of data centers in the Philippines, driven by rising digital activity, a growing population, and more businesses adopting cloud-first strategies, according to the local chief executive of a data center firm.

Data from the Philippine Statistics Authority (PSA) shows that the digital economy grew to P2.25 trillion in 2024, contributing 8.5 percent to GDP—a 7.6-percent rise from the previous year.

That way we can bring AI to their data that’s already in the data centers here in the Philippines versus having to export it,”  Malana said.“So that way they can start running models and they can start training their AI.

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Article Details

Author / Journalist: John Eiron R. Francisco

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-10 @ 16:07:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1443 words

Reading Time: 9 minutes read

Sentences: 55 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28537809

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 25 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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The story "Financial sector leading PHL data center demand" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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The outlet is headquartered in Philippines and publishes an average of 25 news stories per day.

It's most recent story was published 12 hours ago.

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  • URL: https://pretty-looking.beamstart.com/news/financial-sector-leading-phl-data-17468944129953

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