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)
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
