A local trade group is projecting this year’s electronic exports to grow by nearly 9 percent, slightly lower than last year’s target, with continued demand in the global market seen still driving the expansion, albeit at a slower pace. | AldenMonzonINQ
Lachica cited the resilience of the electronics export industry in the face of the global outbreak of the coronavirus pandemic nearly three years ago, and the myriad of problems that the health crisis brought to industries during its peak.
“Unfortunately, maybe I was naive to think that they will also extend to exporters. It’s just very disappointing that they did not include us,” Lachica said, referring to the order from the Fiscal Incentives Review Board to allow registered BPO firms to retain their tax perks while a portion of their employees are working from home.
Lachica also reiterated their concern about the imposition last year of the Bureau of Customs’ electronic tracking system, which he previously said entailed additional cost of P5 million to as much as P20 million a month for them.
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