World Bank sees promise in Pax Silica. Can PH build more than another assembly hub?

AI Summary

Pax Silica aims to become the Philippine equivalent of Silicon Valley, aspiring to advance the country's technology ecosystem. However, tycoon Manny Pangilinan cautions the government to carefully select its position in the global technology value chain to avoid stagnation.

Pax Silica wants to become the Philippines’ Silicon Valley, but tycoon Manny Pangilinan warns the government to choose its place in the technology value chain carefully lest it remain stuck in the 'basement'