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...
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...
