Wednesday, 22 February 2012

Electronics attract $2.477-B investment


MAX V. DE LEON
Business Mirror
http://www.businessmirror.com.ph/home/top-news/23590-electronics-attract-2477-b-investment
 
The Philippine electronics industry attracted $2.477 billion in fresh investments in 2011, the highest ever, and the new projects are expected to generate an estimated $5 billion in additional export revenues annually once they go into full commercial operation.

“Our rule of thumb is every $1 of investment generates $2 in additional exports,” Ernie Santiago, president of Semiconductor and Electronics Industries of the Philippines Inc. (Seipi), said.

Read more: http://www.businessmirror.com.ph/home/top-news/23590-electronics-attract-2477-b-investment

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