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IT investments in RP dip in Jan.-Feb. 2002.
Byline: Eleanore C. Sanchez
The Philippine information technology (IT) sector may proceed at a considerably more sedate pace this year.
Statistics from the Bureau of Investments (BoI) showed that total approved investments in January-February dipped by 94% year on year.
BoI figures show that the project regulatory body approved P296 million worth of IT and IT-enabled services in the first two months of this year, down from P4.986 billion a year ago.
The BoI report also shows that IT's share in total business investments took a nose-dive as it dipped to seven percent of the total from a 60% share last year.
However, it also …
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