The Philippines pins growth hopes on electronics exports surge

Electronics exports jumped 9.3% in November.

The Philippines is ahead of its peers when it comes to electronics exports, according to a report by DBS.

DBS noted that export growth of electronic products from the Philippines is trending at around 8% per year, an impressive feat when compared to sluggish growth elsewhere in the region.

“Considering that global growth was also somewhat disappointing in 2015, the sustained growth in electronic exports is also an encouraging sign for the medium-term,” said DBS.

Here’s more from DBS:

The economy is still driven mostly by domestic demand. The outlook of consumption and investment growth is far more important for the GDP growth outlook. And from the external flows perspective, as far as remittance flows remain robust, exports data may not matter as much.

It is hardly surprising then that the peso has been relatively stable this year, despite regional growth concerns stemming from China risks. Not that exports data should be completely ignored going forward.

Bangko Sentral ng Pilipinas (BSP) turned more tolerant of a softer currency in 2H15, just as export growth turned deeper in the negative.

The outlook of export growth may have an impact on the central bank’s policy stance. At this juncture, we expect export growth to rebound to about 7% in 2016, pretty decent given the projected 6% fall last year. Accordingly, we reckon that there is a good chance that BSP may raise its key policy rate by 25bps in 2H16.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia