CU
THE DUST has yet to settle over PLDT Inc.’s and Globe telco’s joint acquisition of the telecommunication assets of San Miguel Corp. and uncertainties still hang over the deal as the government antitrust body conducts its review.
But beyond the merits of the P70-billion transaction—there are plenty of arguments for and against it—a senior research fellow at think tank Philippine Institute for Development Studies said this was also a wake-up call to regulators to revisit and update decades-old laws and strengthen weak regulation.
Greater role
In an interview, PIDS senior research fellow Ramonette Serafica said the review was needed given the role the information and communications technology sector played in the growth of any modern economy.
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“This really is the perfect time to review the enabling law, to do a policy review,” Serafica told the Inquirer.
“It’s so critical. If we want to shift to a higher growth trajectory, it’s really telco and ICT in general. It will solve a lot of education, health and social issues. There’s also competitiveness in manufacturing, and in agriculture,” she added.
