The Philippine electronics industry is projecting a 7 percent rebound in exports this year back to the 2019 level at $43.3 billion on strong demand following shortages of automotive electronics for some of the world’s car giants and the prospects of more favorable incentives provision under the...
(MANILA BULLETIN FILE PHOTO) The Department of Trade and Industry (DTI) has reduced by 20 percent its medium-term export projections from $130 billion target to $103.9 billion by 2022 amid the impact of the lingering COVID-19 pandemic on Philippine industries. In adjusting downward the export...
As the domestic economy continued to battle the impact of COVID-19 and the devastation from successive typhoons, Senator Imee Marcos urged the Duterte administration’s economic managers to be ‘bold, aggressive and quick’ economic stimulus response instead of the current “anemic” stimulus...
Foreign business chambers and the electronics industry have rallied behind the proposal of Senator Ralph Rector for a “grandfather” incentives system in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) Bill to ensure that existing investors will continue to invest in the...
Investment pledges approved by the Philippine Economic Zone Authority (PEZA) continued to pour albeit at a slower pace, reaching P72.645 billion only as of October this year or 26.86 percent lower than the P99.322 billion approvals in the same period last year. PEZA Director General Charito B....
Prospects for the electronics sector has brighten up with Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) now projecting a 7 percent growth in 2021 and an upgraded growth projection for 2020 from negative 15 percent to only 5 percent contraction. SEIPI President...
State-run Land Bank of the Philippines (LandBank) is set to release P4.3 billion worth of loans to six local government units (LGUs) for the sole purpose of buying palay directly from farmers during this harvest season. In a statement, LandBank said yesterday that it recently made loan approvals...
The Philippine electronics industry suffered an estimated $4 billion loss as of August this year mainly due to the massive supply chain disruption during the pandemic, according to the Semiconductors and Electronics Industries in the Philippines Foundation Inc. (SEIPI). SEIPI President Dan Lachica...
As Senate continues to debate on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill emotionally, two big electronics companies are shutting down operations because of uncompetitive business environment, according to the Semiconductor and Electronics Industries in the...
The projected decline in Philippine electronics industry has been trimmed to 16 percent from the earlier 20 percent with players calling for the domestic industry to move up the value chain to meet demands for new technologies. Glenn Everett, general manager of Continental Temic Electronics...
