's position on Citira has not changed from our position with its predecessor Trabaho [Tax Reform for Attracting Better and High-Quality Opportunities].
Members of SEIPI
, he said, "are genuine drivers of development and true partners for progress."
As the largest export sector, we support his vision for regional development, especially in rural and high-growth areas." Dan Lachica, president of SEIPI
President Danilo Lachica has proposed for increase in gross income tax to 7 percent from 5 percent after the income tax holiday.
Lazaros invitation for SEIPI
to conduct an electronics industry mission in Paris and meet with the members of ACSIEL, a major French electronics industry association, to facilitate technology exchange, business-to-business (BTB) meetings and explore investment opportunities.
In a press conference at the opening of the 16th Philippine Semiconductor & Electronics Conference and Exhibition at the SMX Convention Center, industry officials of SEIPI
said this is the best time to invest in the electronics sector because most industries are driven by technology, which is powered by electronics parts some of which are produced in the country.
president Dan Lachica said over $1 billon worth of investments of some member firms intended for the Philippines have been redirected to other countries.
president Danilo Lachica said the industry had been feeling the 'pinch' of the US-China trade war, marking a different scenario from the time when the industry thought it was 'impervious' to the trade tensions.
"Our original growth target was 3 percent, but now it is closer to zero or flat," said SEIPI
President Dan Lachica.
is concerned about the changes being proposed through TRAIN 2 or the TRABAHO bill as many of its members are registered with the PEZA and enjoy the five percent GIE incentive.
) has released a statement that the bill would force them to lay off 140,000 workers.
), capital inflow to the industry from January to May slowed 23.6 percent to P5.47 billion, from P7.16 billion in the same period last year.