MANILA, Philippines – Construction projects in the country are seen to rise more than three times next year from this year amid improving investment and economic climate, consultancy firm BCI Asia said.
In its Philippines Construction Market Outlook 2013 released yesterday, it said the value of total construction starts is seen to surge by 264 percent to P1.18 trillion next year from this year’s P324.63 billion.
BCI country director Dean Borg said during the presentation of the report the general outlook for the country’s construction industry next year is positive given improving investment climate as well as strong economic growth.
“The Philippines is in a very bright situation economically,” he said.
Much of the growth next year, the BCI said, would be driven by the civil construction industry.
The value of civil construction starts is seen to surge 692 percent to P560.24 billion next year from this year.
“This is primarily the result of government measures to push the growth of the economy by increasing government expenditure, the growing electricity demand, and the upcoming 2013 election,” it said.
Building construction starts next year are expected to jump by 145 percent to P621.82 billion from this year.
“The increasing market confidence in the construction industry is one of the reasons driving this growth,” BCI said. –Louella D. Desiderio (The Philippine Star)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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