RP likely to post 15% export growth

RP likely to post 15% export growth

MANILA: The Philippine electronics industry is likely to post 15 percent export growth this year, an industry group said on Thursday, revising an earlier forecast of 10 percent made in December.

Semiconductor and electronics exports are expected to top US$27 billion this year after $24.6 billion in 2003, according to the Semiconductor and Electronics Industries in the Philippines, Inc.

The sector accounted for 68 percent of overall Philippine merchandise exports last year. -- AFP