PhilConstruct XV
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The Philippine Government launched the Philippine Construction Industry Roadmap 2020-2030 on 28 March 2019 at Clark City. This Roadmap is envisaged to provide the blueprint for the construction industry’s future progress, specifically in the Build Build Build Infrastructure Program of the government or The Golden Age of Infrastructure in the country. In this forum, the FIDIC Contracts and Dispute…
Supported by the largest names in infrastructure investment, 2GFII once again welcomes over 200 institutional investors, fund managers, asset managers, banks, Government representatives and advisers representing Americas, Asia, Europe and Australia to establish partnerships for future projects that can further spur the nation's economic growth. Registration Fee: OBG Subscriber: PhP17,000.00 Published…
Interview:Jose Leviste Jr. How much progress has been made on the modernisation of transport infrastructure under the Build, Build, Build (BBB) programme? JOSE LEVISTE JR: The implementation of the BBB programme shows the political vision of the president and the government. Its big-ticket projects will take time to accomplish, but it is important that initial steps have already been taken.…
Interview:Robbie Antonio How do you expect the production of housing to evolve in the near future? ROBBIE ANTONIO: The pressing need for easy-to-build, affordable housing and increased competition in the real estate industry will continue to incentivise companies to improve their systems and operations. They will most likely centre their innovation on streamlining production. In the future…
In April 2019 the Department of Labour and Employment (DOLE) reported that the construction sector’s share of total employment rose to 9.5% in October 2018, up from 8.5% a year earlier. This figure accounted for 328,000 additional jobs with the total employed in the sector reaching 3.9m. The Construction Industry Authority of the Philippines aims to increase this to 7m under the Construction…
While real estate investment trusts (REITs), or publicly listed stock corporations that own income-generating real estate assets, have been notionally possible since the REIT Act of 2009, no asset of this type has been established. However, this is set to change as local real estate firm Ayala Land announced in April 2019 that it will raise funds for the country’s first-ever REIT, paving…
The Philippines’ real estate sector has enjoyed robust growth in recent years, fuelled by remittances, rapid economic expansion and a comprehensive public infrastructure programme that has opened up new opportunities beyond Metro Manila and the affluent business districts of the capital. Actions set to further strengthen activity in the sector include reforms to the tax system and the establishment…
The Philippines’ construction industry is entering a period of strong growth, supported by government spending led by President Rodrigo Duterte’s signature Build, Build, Build (BBB) infrastructure programme. Primarily a transport initiative, BBB is also leading to ancillary construction and development around airports and seaports, especially residential and retail projects. On the back…
The Philippines’ construction industry is entering a period of strong growth, supported by government spending led by President Rodrigo Duterte’s signature Build, Build, Build (BBB) infrastructure programme. BBB is leading to ancillary construction and development around airports and seaports, especially residential and retail projects, providing the momentum stakeholders need to confidently plan…