SEIPI projects single-digit growth in electronic exports

PHILIPPINE EXPORTS of semiconductor and electronic products may see single-digit growth this year, but uncertainty over the US tariff policy continues to cloud the industry’s outlook, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said.

- - Beatriz Marie D. Cruz

“We're looking forward to a single-digit growth, which means anywhere from 1% to 9%,” SEIPI President Danilo C. Lachica told reporters on the sidelines of the Philippine Semiconductors and Electronics Convention and Exhibition on Tuesday.

“My official position is still flat [growth,] but like I said before, there are signs of a positive outlook, modest growth,” he said.

Citing the latest trade data, Mr. Lachica said there are signs of export growth.

“If you look at the PSA (Philippine Statistics Authority) numbers, it looks like we might look forward to that modest growth, a single-digit growth. But now, the projection for the industry is still flat,’ he said.