Sony executives give up bonuses
Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.
Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.
Ayala-led Integrated Microelectronics Inc. has committed to remain listed on the Philippine Stock Exchange, expecting to pursue an initial public offering by the end of this year or next year.
Philippine exports in January dropped for the first time in five months as demand for the country’s electronics products remained weak, the National Statistics Office reported Tuesday.
Ayala-led electronics manufacturing services provider Integrated Micro-Electronics Inc. grew its net profit last year by 63.6 percent to $5.4 million but sluggish global economic growth, lower capacity utilization and higher labor costs gnawed at profit margins.
Sony is still struggling but has reduced its red ink for the latest quarter to a 10.7 billion yen ($115 million) loss.
Ayala-led Integrated Micro-Electronics Inc. has bagged a deal to manufacture HVAC (heating, ventilation and air conditioning) and blower units for Mazda cars at its plant in Guadalajara, Mexico, starting in the first quarter of 2014.
Laguna-based semiconductor firm Cirtek Holdings Philippines Corp. is poised to post record profits in 2013 as it prepares for more acquisitions and another major supply deal with a big client from the United States.
Philippine electronics exporters may find 2013 to be another challenging year as far as profit generation is concerned, given projections that demand for electronics goods in the United States, Europe and Japan could remain anemic.
Ayala-led Integrated Micro-Electronics Inc. is pitching for more electronics manufacturing services and semiconductor deals with Japanese multinational industrial giants.
EXPORTS are forecast to rise in the months ahead on the back of increasing orders for semiconductors and electronics products from the Philippines, the Bangko Sentral ng Pilipinas said.
Laguna-based electronics manufacturer Cirtek Holdings Philippines Corp. is upbeat on its prospects for next year, targeting to grow faster than the 6- to 14-percent projected growth for the industry.
The Philippines electronics exports may fall flat this year, but register a modest growth in 2013 due to worldwide economic uncertainty, the high cost of power, and the peso’s appreciation, the Semiconductor and Electronics Industries in the Philippines Inc. (Seipi) said Tuesday.
