Philippines GDP to Gain $34bn from Meta Deals

The Philippines stands to gain $34 billion in additional gross domestic product cumulatively from 2021 to 2025 and 380,000 new jobs by 2025 from the Meta Platforms subsea cable investments, the Manila Bulletin reported.

In a blog post Meta said its investments are seen to expand broadband capacity for people and businesses in developed and emerging markets around the world, including the Philippines.

Read the full report: Manila Bulletin.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.