News: Electronics sector sees exports hitting $50 billion -
15 Nov 2010
The electronics industry is expecting exports to hit $50 billion in six years and investments to reach $2 billion in 2011 from only $1 billion this year.
“We will double up in the coming years. We have finished the roadmap and we will hit $50 billion in exports by 2016,” Semiconductors and Electronics Industry of the Philippines (SEIPI) President Ernesto Santiago said in an interview with reporters.
Electronics exports for this year is expected to hit $28 billion. This will represent a 27-percent increase from last year’s figure of $22 billion.
Santiago said that the growth will happen despite the strengthening of the peso against the dollar.
Santiago said that they have already presented the electronics exports roadmap to President Aquino last Friday.
Source: PhilStar.com, Business section, Ma. Elisa P. Osorio, 10 November 2010.