DIGITAL infrastructure efforts in the Philippines are catching up with regional peers and could boost foreign investment in the country’s information and technology sector, a Fitch Group unit said, but significant challenges remain.

‘We continue to highlight the upsides provided by strategic government initiatives to boost last-mile rollouts of fiber-optic infrastructure, and we consequently expect the Philippines Digital Infrastructure Project (PDIP) to catalyze further foreign investment in the Philippines’ wider ICT (information and communication technology) ecosystem,’ BMI Country Risk & Industry Research said in a report on Wednesday.