Philips Philippines sees 20% growth

Semiconductor exports of Dutch-owned Philips Philippines is expected to grow by 20 percent this year from its billion exports last year as the local manufacturing operation continues to improve its production capacity.

But for the total Philips Group of Companies in the country, the group expects to grow by 12 percent over last year’s.

Steven Brader, vice president and general manager of Philips Semiconductor in the Philippines, told reporters at the launched of the company’s two-day 50th anniversary celebration on August 29-30.

Read More

Comments

Post a Comment

Popular posts from this blog

Philippines rushes to contain oil spill

The Philippines rushed ships and equipment on Monday to the seas surrounding the central island of Guimaras to stop the country's potentially largest oil spill from spreading to other coastal areas. The Philippine Coast Guard said it had sent two ships to search for two missing crew and help in the clean up of bunker oil that leaked from a tanker which sank near Guimaras on Friday. "Based on an aerial survey yesterday, the spill now covers 15 square nautical miles," Lieutenant Joseph Coyme, Coast Guard spokesman, told Reuters. Read More
Read more

On The Bloody Dispersal

The number of death on the side of the protesters has increased from 7 to 14 as of the report today ( source ). Both sides were blaming each other for firing the first to shots who triggered the riot ( source ). But, the Department of Justice said that both parties could be held liable on the death and injuries of the protester ( source ).
Read more

Living in the Philippines is Hard

I really feel hard living here in the Philippines. Prices of commodities went high. Even if the prices of gasoline and other oil products went down by 1 Peso, but still their too high for me. Besides, even if the prices of these products will reach 20 pesos but I am sure that the prices of other goods will not go down. I already noticed it. Few years ago, gasoline reached the 56 pesos price. Then after several month, it went down to 47 pesos and stayed at that price for a time. However, even if the price of gasoline is in that level, prices of other goods did not go down even a Peso. But then when the price of gasoline went up to 63 pesos per litter, other goods' prices went up too so fast. And when the price went down to 60 pesos, none of the other goods has dropped the price. That's the reason why I decided to transfer residence. Although I am still in the Philippines but the good thing is that here in my new address, I can eat food without buying them for they are avai...
Read more