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Exports hit 3-year high in February

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Food entrepreneurs exhibit their products at the Sikat Pinoy food fair at the SM Megamall on March 28, 2014. Export earnings from manufactures grew year on year by 22.4 percent in February to $3.9 billion from last year’s $3.2 billion, data from the Philippine Statistics Authority showed.

Philippine exports rose to a three-year peak in February due to the heavy volume of electronics and other commodities shipped out, according to official data released on Thursday.

Posted: April 11th, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

Ayala subsidiary aims for $1B revenues by ’16

Ayala-led Integrated Micro-Electronics Inc. (IMI) is in the running to be the first $1-billion Philippine-owned electronics manufacturing services (EMS) firm in terms of revenues by 2016 but to date, the company believes its shares are significantly “undervalued” by the market.

Posted: April 7th, 2014 in Headlines | Read More »

Exports jumped 9.3% in January

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AFP FILE PHOTO

The country’s exports rose in January from a year ago, buoyed by higher global demand for electronics that came along the improving economies of key markets, the Philippine Statistics Authority (PSA) reported yesterday.

Posted: March 12th, 2014 in Headlines | Read More »

Ayala-led IMI doubles 2013 net profit to $10.5M

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imi_logo

The Ayala-led Integrated Micro-Electronics Inc. (IMI) nearly doubled its net profit in 2013 to $10.5 million, as strong business expansion in Europe and the Philippines allowed the company to defy the global downturn in the global electronics outsourcing industry.

Posted: March 6th, 2014 in Latest Business Stories | Read More »

Imports eased to $61.7B in 2013 on electronics slump

Hundreds of imported cars mostly from Japan and South Korea are parked waiting for deliveries at a Manila pier on Nov. 10, 2011. AP FILE PHOTO

The country’s imports contracted in 2013 as weak global demand prompted export-oriented firms to purchase less foreign-made inputs.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

Electronics sector plan sees exports hitting $37B in 2016

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Trade Undersecretary Adrian S. Cristobal Jr. EU PHOTO FROM BOI.GOV.PH

The Philippine electronics sector will push for more value-added activities, develop new growth areas and further enhance the industry’s competitiveness, as it targets to hit $37 billion in export revenues by 2016.

Posted: February 20th, 2014 in Latest Business Stories | Read More »

Sony to cut 5,000 jobs as part of restructuring

sony

Sony on Thursday said it would cut 5,000 jobs from its workforce, saving more than $1.0 billion annually as the Japanese electronics giant undergoes a painful restructuring.

Posted: February 6th, 2014 in Latest Business Stories | Read More »

Cirtek projecting 8-10% growth in ’14

Laguna-based electronics manufacturer Cirtek Holdings Philippines Corp. expects core business to grow between 8 and 10 percent this year as new products, projects and potential acquisitions are seen boosting growth prospects.

Posted: February 2nd, 2014 in Headlines | Read More »

LG Electronics reports unexpected loss for Q4

AP FILE PHOTO

LG Electronics Inc. suffered a loss in the final quarter of 2013 because of unfavorable currency fluctuations.

Posted: January 27th, 2014 in Latest Business Stories | Read More »

Semiconductors, electronics top imports in Oct.

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Semiconductor and electronic products were the country’s top imports in October last year, accounting for $1.247 billion or 26 percent of the total import bill for the month, according to the Semiconductor and Electronics Industries in the Philippines Inc. (Seipi).

Posted: January 5th, 2014 in Headlines | Read More »

Electronics exports to rise

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The Philippine Exporters Confederation Inc. (Philexport) expects a 20-percent growth in electronics and semiconductor exports in 2014 given the steady demand overseas and the start of operations of new foreign firms in the country.   In a statement, Francisco Ferrer, a Philexport trustee representing the electronics and semiconductor sector, said that the outlook was “much [...]

Posted: December 29th, 2013 in Headlines | Read More »

PH exports up, reversing 9-month trend

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Arsenio Balisacan of NEDA. INQUIRER FILE PHOTO

Exports grew in October as improving global economic conditions fueled higher demand even for non-essential products such as electronics, which remained the country’s key export product.

Posted: December 10th, 2013 in Latest Business Stories | Read More »

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