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
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March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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