RISING global fuel prices resulting from unrest in Northern Africa and the Middle East are jacking up the costs of local electronics exporters, according to the Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI).
In a press conference, Dan Lachica, SEIPI chairman, on Friday said that prices of raw materials have risen by a tenth since tensions in the Middle East began. Raw material costs comprise up to 70 percent of semiconductor and electronics exporters’ costs, he said.
But Philippine-based electronics firms don’t export to the Middle East so they are far from the risk of potential losses because of the upheaval there, said Ernesto Santiago, SEIPI president.
Latest government data showed that electronics exports in January reached $2.142 billion, up 5.31 percent year-on-year but down 5.05 percent month-on-month.
Electronics accounted for about 61 percent of total Philippine exports.
Semiconductor and electronics exports this year are expected to grow by a tenth to about $34 billion from the highest-ever $31.1 billion posted last year.
The six-year industry roadmap targets $50-billion worth of exports by 2016. –Ben Arnold O. De Vera, Reporter, Manila Times
Short URL: http://www.manilatimes.net/?p=7335
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
