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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…
Red Sea Djibouti General Mediterranean Sea Oceans General Daniloc Lachica Business Enterprises

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…
United States George Barcelon Daniloc Lachica Sergior Ortiz Luis Jr Qilai Shen Bloomberg Philippine Export Development Plan

Exporters group says electronics sector key to 5%-6% PHL export growth in 2024

THE country’s exports could grow 5 to 6 percent in 2024, with the electronics sector as the growth driver, according to an official of the Philippine Exporters Confederation Inc. (Philexport). A statement issued by the umbrella organization of Philippine exporters on Friday said Philexport Chairman George T. Barcelon is hopeful…
Georget Barcelon Philippine Statistics Authority Philippine Exporters Confederation Inc Electronics Industries Of The Philippines Inc Philippine Chamber Philippine Exporters Confederation

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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…
Republic Of Daniloc Lachica Electronics Industries Of The Philippines Inc Philippine Exporters Confederation Inc Economic Affairs Tax Incentives For Enterprises Act

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…
Bianca Pearlr Sykimte Sergior Ortiz Luis Jr Daniloc Lachica Electronics Industries Of The Philippines Inc Marketing Bureau Philippine Export Development Plan

US tech, chip firms urged to invest in PH | The Manila Times

TRADE Secretary Alfredo Pascual urged foreign companies in the advanced technology and semiconductor industry to invest in the Philippines and explore partnerships with the countrys local companies during the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California.
San Francisco United States Alfredo Pascual Ferdinand Marcos Jr Electronics Industries Industry Development Program

Environmental Test Chamber Global Markets Report 2023: A Potential $1.107 Billion Opportunity by 202

DUBLIN--(BUSINESS WIRE)--The "Environmental Test Chamber: Global Markets" report has been added to ResearchAndMarkets.com's offering.The global market for environmental test chambers was estimated to be $864.3 million in 2022. It is projected that the environmental test chamber market will grow at a CAGR of 2.5% and...
United States Laura Wood Binder Gmb Memmert Gmb Electronics Industries Espec Corp

With 4% dip in electronics exports, Seipi stays hopeful

THE Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi) expressed optimism that the sector’s export performance will catch up with the 4-percent decline in electronics exports in the third quarter of this year. “As you know, we were clobbered in the first quarter and we contracted 15 percent.…
United States Daniloc Lachica Nonie Reyes Philippines Foundation Inc Electronics Industries Makati Business Club

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