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Biz chamber, SEIPI cite investment backlash of legislated wage increase

Manufacturers of electronics and the Philippine Chamber of Commerce and Industry (PCCI) warned the government that a legislated wage hike might drive away foreign investors and make the Philippines more unattractive as an investment destination. Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) President Danilo C. Lachica said… ....

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84 locators 'significantly' affected by Red Sea crisis, PEZA poll shows

At least 84 locators, or around 24 percent, of the Philippine Economic Zone Authority (PEZA), are “significantly” affected by the Red Sea crisis, according to the investment promotion agency. Based on PEZA’s records, there are 448 Registered Business Enterprises (RBE) engaged in exports to Europe and 523 RBEs engaged in… ....

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Supply woes, geopolitics to crimp 2024 exports growth

THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said it expects flat growth for electronics exports in 2024 due to supply issues and geopolitical factors amid hopes by local exporters that the electronics industry will drive the country’s exports earnings this year. In a viber message sent… ....

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PHL eyes hefty market share of firms pivoting from China

MANILA is eyeing to get a “respectable” market share of the firms pivoting from China, particularly in the semiconductor industry, as part of its “catch-up plan” to reverse decline in exports amid the global economic slowdown. A statement released by the Philippine Exporters Confederation, Inc. (Philexport) on Friday quoted Frederick… ....

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Single-digit export earnings seen in 2024 | Andrea E. San Juan

EXPORT earnings could still experience single-digit growth next year despite not being able to hit the target set in the Philippine Export Development Plan (PEDP) 2023-2028 for this year, a setback attributed to a “changing geopolitical situation,” according to the Philippine Exporters Confederation Inc. (Philexport). Philexport President Sergio R. Ortiz-Luis… ....

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