PHILIPPINE electronics exports are expected to grow at a slightly slower pace this year amid weaker global demand, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. said.
He previously said SEIPI is eyeing a more “conservative” export growth target this year amid economic uncertainties and more modest demand compared to 2022. Data from SEIPI showed total electronics exports rose 12.9% to $45.92 billion in 2021, from $40.67 billion in 2020 due to higher demand for new technologies.Meanwhile, Mr. Lachica urged the Fiscal Incentives Review Board to allow exporters and manufacturers to implement work-from-home arrangements .
Meanwhile, Congress is looking at legislative measures that will help boost the competitiveness of the semiconductor manufacturing sector, House ways and means committee chairman and Albay Rep. Jose Ma. Clemente S. Salceda said. Mr. Salceda said that the Philippines will likely benefit from the United States’ Creating Helpful Incentives to Produce Semiconductors Act, as well as “fostering closer ties” with Taiwan.
Source: News Formal (newsformal.com)
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