Various stakeholders of the Philippine Economic Zone Authority (PEZA) have endorsed to Malacanang Officer-in-charge (OIC) Deputy Director General Tereso O. Panga to stay on as leader of the agency that administers the country’s economic zones and their export-oriented locators. The endorsements...
The domestic electronics industry has urged for a review of the effectiveness of the incentives rationalization program of the government stating the country could potentially lose $400 million worth of investments to other countries, on top of the earlier $3.25 billion losses, should there be no...
Aspiring president Vice President Leni Robredo stressed that investments will only dramatically rise if the country has a "strong and stable political and economic climate." Vice President Leni Robredo (OVP photo) In her speech during the Semiconductor and Electronics Industries in the Philippines,...
If elected, Vice President Leni Robredo aims to revive the manufacturing sector in the Philippines which took the hit from the impacts of coronavirus pandemic. Vice President Leni Robredo (OVP photo) In her acceptance speech as among the Partner of the Industry Awardees during the Semiconductor and...
32033 More than 1,000 NCR-based workers in the IT manufacturing and construction sectors received their first jabs as part of the “Reform. Rebound. Recover: 1M Jobs (1MJ) Project”. The workers belong to the Philippine Constructors Association (PCA) and Semiconductor and Electronics Industries...
Twenty industry associations on Tuesday, ( July 13) issued an urgent call on government to repeal Bureau of Internal Revenue Regulation 9-2021 that implements 12 percent value added tax (VAT) on exporters’ domestic purchases and indirect exports as this further erodes the competitiveness of the...
The electronics and semiconductor industry, the country’s single largest dollar earner accounting for 60 percent of the country’s total exports, said some companies are transferring their domestic purchases and indirect exports to foreign suppliers because the imposition of value added tax...
The projected recovery of the electronics industry, the single largest export of the Philippines, is at risk due as production capacity has been affected due to shortage of semiconductor wafers, according to the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI)....
Touting that businesses can either be a destructive force or a powerful agent for regenerative change, Lopez-led First Gen Corporation is opting for the latter as it pushes for the developments of decarbonized, resilient and socially-inclusive infrastructure facilities; as well as on pioneering the...
The semiconductor and electronics industry is getting more optimistic of their growth this year with some players batting for a double-digit growth as against the overall industry projection of only 7 percent exports growth this year. The optimism was conveyed at the first quarter General...
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...
