Although the spread of COVID-19 has yet to show signs of slowing down, economic recovery is gradually happening all around the world, including the Philippines. For the archipelagic nation, digital construction will be one of the key pillars to creating new job opportunities and increasing productivity, propelling the nation’s construction industry to become the main driver of growth. Aligned with…
The Philippines posted average economic growth of 6.4% over 2010-19. While the Covid-19 pandemic tested the country’s resilience during 2020, the response measures contained within the two national stimulus packages, Bayanihan 1 and 2, provided support to vulnerable industries. Meanwhile, the rollout of the imminent Corporate Recovery and Tax Incentives for Enterprises bill is expected to create
We’ll bring you the activities you know and love to WORLDBEX Wired. From the timely and expert-led seminars to business matching, you can continue experiencing these activities through the interactive platform! For more information about the event, visit our website. Click here to register.…
Through this virtual edition, it will now be even easier for you to: See the latest from the industry, all in one virtual space Connect with suppliers and brands from all over the globe, no matter where you are Interact with the exhibitors live, in real-time Schedule meetings Make purchases online Attend virtual conferences …and so much more. Get…
Construction – and infrastructure development in particular – is expected to be a key driver of economic growth across ASEAN from 2021. The bloc, home to some of the world’s fastest-growing economies and lowest unemployment rates, faced the novel coronavirus after years of health care infrastructure improvements, with much of the group reporting Covid-19 case-fatality rates below the global…
While Covid-19 has thrown the Philippines’ economy into flux, early indications suggest that construction and real estate is one of the most resilient sectors, and could provide a platform for national recovery. However, with construction projects delayed by lockdowns during the second quarter of 2020 and demand for office space and high-end residential developments weakened by mobility restrictions,…
With the pandemic inducing a significant shift towards working from home as companies follow social-distancing rules, in the Philippines co-working spaces are emerging as a solution for firms seeking to decentralise while ensuring a sound operating environment for employees. In a sign of the economic fallout from Covid-19, in late September 2020 the Department of Trade and Industry said that…
Faced with recession and uncertainty over the length of the pandemic, President Rodrigo Duterte’s administration is hoping that landmark projects under the P8trn-9trn ($159.1bn-179bn) Build, Build, Build (BBB) infrastructure plan can kick-start economic recovery. Supply & Demand The initial phase of the pandemic proved disruptive to global supply chains, leading to fears that the construction…
While Covid-19 has thrown the Philippines’ economy into flux, early indications suggest that construction and real estate is one of the most resilient sectors and could provide a platform for national recovery. However, with construction projects delayed by lockdowns during the second quarter of 2020, and demand for office space and high-end residential developments weakened by mobility restrictions,…
Interview:Jose E B Antonio To what extent is the Covid-19-induced recession impacting real estate supply and demand? JOSE E B ANTONIO: The playbook of the current crisis is different because we cannot answer the fundamental question: when will it be over? We can only analyse the important moving parts in the economic formula: demand, supply and psychology. Uncertainty affects supply, as manufacturers…
