Taguig city: The Department of Information and Communications Technology (DICT) has joined forces with the Maharlika Investment Corporation (MIC) to enhance internet infrastructure in geographically-isolated and disadvantaged areas. This strategic partnership aims to bridge the digital divide and promote national development through significant investments in digital infrastructure and services.

According to Philippines News Agency, a memorandum of understanding (MOU) was signed between the DICT and MIC, emphasizing their shared commitment to addressing the country's digital infrastructure and capability gaps. The collaboration is set to attract both local and foreign investments, boosting investor confidence in underserved areas.

The MOU outlines MIC's plans to invest in critical digital infrastructure projects, with a focus on generating long-term returns and fostering inclusive growth in remote areas. This initiative is expected to lay the groundwork for new economic activities, innovation hubs, and service industries, ultimately contributing to balanced regional development and reducing socio-economic disparities.

During the MOU signing in Taguig City, DICT Secretary Henry Aguda assured the public of their commitment to fulfilling President Ferdinand R. Marcos Jr.'s promise of providing affordable internet access across the country. Aguda emphasized the short execution window but highlighted the generational impact this project could have.

MIC President and CEO Rafael Consing Jr. expressed that the MOU is a pivotal step in constructing the Philippines' digital backbone, which is crucial for enabling inclusive growth and innovation. Consing underscored the importance of prioritizing digital infrastructure to secure opportunities for future generations of Filipinos.