The Philippine Economic Zone Authority (PEZA) is confident that big-ticket projects will file their applications this year, including two Chinese steel projects, 13 US firms, electric vehicle manufacturers, and power generation firms, to support its 10 percent investment growth target for 2023.
Published January 30, 2021, 2:35 PM
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 Membership Meeting of the Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI) is largely due to stronger demand this to make up for last year’s delays in supply, emerging technologies in various industries, and accelerated digitalization.
SEIPI President Dan Lachica
“For 2021, we forecast growth of 7 percent although some companies said they might exceed that to double digit growth and so were looking forward to that,” SEIPI President Danilo Lachica.