MANILA, Philippines – Investments in the country’s electronics industry reached a record level of $2.318 billion or P102.5 billion in 2010.
In a statement, SEIPI president Ernesto Santiago said the 2010 investment figure was the highest in the Philippine semiconductor and electronics industry’s history. For 2011 meanwhile, Santiago said that they are looking at a 10 percent growth.
According to Santiago, last year’s investment is 380 percent higher than the 2009 figure of $484 million, making 2010 the seventh time the industry has breached the $1 billion mark. The last time was in years 2007, 2000, 1997, 1996, 1995, 1994.
Investments in 2010 come from both the expansion as well as fresh capital from new entrants. SEIPI expects investments to generate 24,552 new direct jobs which include engineers, technicians and operators.
Santiago also reported that during the SEIPI meeting with President Aquino, the industry expressed its desire to double up exports in six years, from $22 billion in 2009 to $50 billion in 2016.
The electronics industry had a strong start and encouraging finish in 2010 and is expected to hit an export revenue of over $31 billion, $9 billion to $10 billion higher than the 2009 exports, Santiago said.
The industry is bullish for 2011 and reported that the electronics sector will continue to be the driver of growth of Philippine exports. Its present guidance is a 10 percent growth for 2011. –Ma. Elisa P. Osorio (The Philippine Star)
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
