News

Investments may be 'diverted' due to tax reform concerns: exporters' group

Warren De Guzman, ABS-CBN News
Updated as of Sep 13 07:20 AM

MANILA - Over US$1 billion investments for expansion ventures in the Philippine electronics industry have been "diverted" to other destinations as manufacturers became wary of the second package of tax reforms being pushed by the administration of President Rodrigo Duterte, an industry group said Wednesday.  Read more »

Ilang negosyante, may takot sa TRABAHO bill

ABS-CBN News
Posted at Sep 12 08:12 PM

Nitong Lunes ay pumasa sa ikatlo at pinal na pagbasa sa Kamara ang TRABAHO bill. May ilang negosyante na nangangamba sa magiging epekto ng panukala kung maisasabatas ito.  Read more »

China lures chip talent from Taiwan with fat salaries, perks

Yimou Lee, Reuters
Posted at Sep 04 04:49 PM

Attracting talent from Taiwan has become a key part of an effort by China to put the industry into overdrive and reduce the country's dependence on overseas firms for the prized chips that power everything from smartphones to military satellites. Read more »

Thailand to ban imports of high-tech trash, plastic waste

Reuters
Posted at Aug 16 08:57 PM

Thailand will ban imports of 432 types of scrap electronics within six months, an environment ministry official said on Thursday, the latest country to respond to China's crackdown on imports of high-tech trash this year.   Read more »

Ayala electronics unit grows with autonomous cars, e-vehicles

ABS-CBN News
Updated as of Jul 30 04:39 PM

The Ayala Corp subsidiary said it rose one notch from sixth place at the end of 2017 as revenues climbed to $446 million from $378 million at the end of 2016, citing a report from New Venture Research. Read more »

Global tech firm to open 2 new plants in the Philippines after IPO

Cal-Comp Technology Philippines
Updated as of Jul 13 04:09 PM

Around 8,000 new jobs will be available to Filipinos as Taiwanese technology firm Cal-Comp Technology Philippines plans to expand its operations in the country. Read more »

Global PC market grows for first time in 6 years: survey

Agence France-Presse
Updated as of Jul 13 08:19 AM

The research firm Gartner reported that worldwide PC shipments rose 1.4 percent in the past quarter to 62.1 million units, but said it remains unclear if the sector is seeing a sustainable recovery. Read more »

PH seen as 'one of the best' in SE Asia for foreign investments

ABS-CBN News
Posted at Jul 12 05:58 PM

The Philippines is one of the best countries in Southeast Asia for foreign investors who are planning to move their operations in the region, the CEO of an electronics manufacturing firm said on Thursday. Read more »

Australia prepares to ban Huawei from 5G over security fears

Reuters
Posted at Jul 12 12:39 PM

Western intelligence agencies have for years raised concerns about Huawei's ties to the Chinese government and the possibility that its equipment could be used for espionage. But there has never been any public evidence to support those suspicions. Read more »

Electronics firms raise concerns over federal shift

ABS-CBN News
Posted at Jun 26 06:11 PM

MANILA - The Semiconductor and Electronics Industries of the Philippines Inc (SEIPI) on Tuesday said it was concerned over how a shift to a federal form of government would impact their business.  Read more »

PH electronics firms wary of US-China trade spat, TRAIN 2

ABS-CBN News
Updated as of Jun 18 09:42 PM

Philippine electronics exporters are wary of a possible trade war between the United States and China, the chair of the Semiconductors and Electronics Industries of the Philippines (SEIPI) said on Monday.  Read more »

SEIPI proposes 10 pct corporate income tax under TRAIN 2

ABS-CBN News
Posted at Jun 14 02:55 AM

The semiconductor and electronics sector is also affected by the weakening peso.  Read more »

Electronics manufacturers 'willing to live with' 10 pct income tax

Michelle Ong, ABS-CBN News
Posted at Jun 13 02:35 PM

Electronics manufacturers are "willing to live with" a 10-percent corporate income tax rate instead of 15 percent as proposed by the government under the second tranche of reforms, an industry group said Wednesday. Read more »

Electronics manufacturers eye $100 billion annual shipments by 2030

ABS-CBN News
Updated as of Jun 11 02:02 PM

Filipino electronics manufacturers hope to triple annual exports to $100 billion by 2030 by catering to demand from artificial intelligence, big data and driverless cars, the head of an industry group said Monday. Read more »

Still global competition weighs down on PH semiconductor growth forecast

ABS-CBN News
Posted at Jun 08 05:45 PM

The Semiconductor and Electronics Industries in the Philippines Foundation Inc (SEIPI) on Friday said the stiff competition in the global electronics market resulted in a single-digit growth forecast this year. Read more »

German electronics firm bets on auto parts demand to drive business in PH

ABS-CBN News
Posted at Jun 07 08:55 PM

German electronics manufacturer Continental Temic Electronics Philippines on Thursday said its prospect for growth is high despite global tariff woes and the eventual enforcement of the second tranche of the tax reform program. Read more »

Ibiden plans to include design in PH operations

Cathy Yang, ABS-CBN News
Posted at Jun 01 04:26 PM

Japanese electronic parts-maker Ibiden Philippines said it planned to include design on top of manufacturing operations in the Philippines. Read more »

Halaga ng piso vs dolyar, pinakamababa sa 12 taon; OFWs, exporters, natuwa

ABS-CBN News
Posted at May 25 09:25 PM

Paliwanag ni BSP Deputy Governor Diwa Guinigundo, hindi naman sa "humihina" ang piso kung hindi lumalakas lamang talaga ang dolyar. Read more »

Tech parts giant wants to hire 8,000 Filipino workers this year

Cathy Yang, ABS-CBN News
Updated as of May 23 03:40 PM

Taiwan's New Kinpo Group said Wednesday it planned to nearly double its workforce in the Philippines, as it sees revenues from its electronic parts factories reaching $1 billion by 2020. Read more »

U.S. asks foreign airports to strengthen passenger electronics screening

David Shepardson, Reuters
Posted at May 04 09:00 AM

WASHINGTON - The Transportation Security Administration (TSA) wants foreign airports to tighten screening of U.S.-bound passengers' carry-on electronics and adopt U.S. domestic security procedures instituted last year, according to officials and a memo to foreign airports. Read more »