MANILA, Philippines – Semiconductor and Electronics Industries in the Philippines Inc (SEIPI) reported yesterday that the industry attracted $2.318 billion or P102.5 billion worth of investments in 2010.
SEIPI president Ernesto Santiago said that the investments for 2010 was the highest in the Philippine semiconductor and electronics industry’s history. For 2011, Santiago said that they are looking at a 10-percent growth.
According to Santiago, this year’s investment is 380 percent higher than 2009 investments of $484 million. The year 2010 is also the seventh year the industry hit the over $ 1 Billion of investments. The last time was in years 2007, 2000, 1997, 1996, 1995, 1994.
These investments were registered by 100 companies. Of the 100, 10 are expansions while the rest are new projects. It is expected that these investments will generate 24,552 new direct jobs which include engineers, technicians and operators. For every one direct job, there are seven indirect jobs created.
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 increase over its 2009 exports, Santiago said.
The industry is bullish for 2011 and reported that the electronics sector will continue to be the driver of growth for Philippine exports. Its present guidance is a 10 percent growth for 2011. No global electronics “crash” appears to be looming for early 2011, Santiago said. –Ma. Elisa P. Osorio (The Philippine Star)
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!
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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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