National Telecommunications Commission (NTC) chief Gamaliel Cordoba on Wednesday urged lawmakers to impose a million peso fine on telecommunication firms that fail to provide faster internet speed to consumers. “In the Public Service Act, the penalty we can impose is only P200 pesos for violation,” Cordoba said. He said other countries invest heavily on internet infrastructure because every 10 percent increase in internet penetration translates to a 1.23 percent increase in Gross Domestic Product (GDP). Salalima said he could not believe the reports which state that the Philippines has one of the slowest internet speed in Asia. “All these reports, we need validation… I cannot believe [we are] the slowest in internet speed, given that our BPOs is the number one in the world,” Salalima said.

Source: Philippine Daily Inquirer September 07, 2016 11:15 UTC