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Philippines: Electronics exports seen to grow by 5% this year

MANILA, Philippines — The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) expects the country’s electronic exports to grow at a slower pace of five percent this year compared to last year’s due to an anticipated weakening of global demand. SEIPI president Dan Lachica said in a Viber message, “five percent is the […]

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Asia-Pacific GDP forecast to grow 3.1% in 2023

The Asia-Pacific region’s economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit. A new report by the Apec Policy Support Unit (PSU) indicated the region’s GDP growth will pick up shortly […]

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