BusinessWorld E-paper
June 29, 2022
SPIRALING COSTS brought by Russia’s invasion of Ukraine are hampering the operations of the local electronics industry in spite of increased competitiveness due to the weak peso, according to the largest group of foreign and local electronics companies in the
Philippines.
“We are seeing increases in our cost of operations,” Danilo C. Lachica, president of the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) told BusinessWorld Live on One News channel on Tuesday.
