Tag: construction

CONSTRUCTION STARTS, based on approved building permits, declined by 7.7% year on year in the fourth quarter of 2019 amid fewer residential projects during the period, data by the Philippine Statistics Authority (PSA) showed.

CONSTRUCTION starts, as measured by approved building permits, fell 3.1% year-on-year in the third quarter, dampened by reduced applications to build residences, the Philippine Statistics Authority (PSA) said Friday.

THE DEPARTMENT of Public Works and Highways (DPWH) has ordered the faster completion of two big ticket projects under the government’s Build, Build, Build, program in Central Luzon.

MPCTI President and CEO Derrick Ang Tan shares his secrets to success By Bjorn Biel M. Beltran, Special Features Writer Since he was young, Derrick Ang Tan...

MOODY’s Investors Service has further reduced its projection for overall Philippine economic expansion, which disappointed at a four-year-low 5.5% last quarter and clocked in at the same pace in the first half against the government’s 6-7% target for 2019, even as it said “domestic demand” — especially government spending — should pick up this semester.

YUCHENGCO-LED EEI Corp. has partnered with South Korea’s Hanjin Heavy Industries & Construction Co. Ltd. (HHIC) for potential construction projects in the country.

THE cost of construction in Manila remains relatively inexpensive, according to a global index of construction costs by consultancy firm Arcadis.

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Wilcon Depot opens in Tayabas, Quezon As the country’s largest construction supplies and home improvement retail chain, Wilcon Depot, Inc. is in a unique position...

Construction activities in the Philippines are swelling. According to the Philippine Statistics Authority (PSA), the total number of constructions in the second quarter of...

The construction arm of DMCI Holdings, Inc. grew its net income by 36% in the first six months of 2018, fueled by its building...

Diversified engineering conglomerate Megawide Construction Corp targets to book P24 billion worth of new construction contracts this year, double than what it had in...

On the back of a massive ongoing plan by the Philippine government to upgrade and modernize the country’s infrastructure, the construction industry is in...

The country’s construction industry is seen sustaining its growth, supported by robust macroeconomic growth and the acceleration of infrastructure as pushed by the government. Oxford...

By Mark Louis F. Ferrolino, Special Features Writer From a small company with less than 10 employees in 2009, Mundo Builders, Inc. continuously grows and gains...

THE NUMBER of approved building permits continued to grow in the first quarter albeit at a slower rate compared to a year earlier as well as a quarter earlier, the government reported yesterday.

The number of approved building permits continued to grow in the first quarter albeit slower amid a decline in residential construction projects. Preliminary results from...

Republic Cement and Building Materials, Inc. expects profits to recover this year after higher input costs and intense competition put pressure on margins last...

Megawide Construction Corp delivered an 8% improvement in its attributable profit for the first three months of 2018, driven by the double-digit topline growth...

Holcim Philippines, Inc. reported a 26.5% drop in its attributable profit for the first three months of 2018, although noting that sales volumes have...

Much is expected of the construction sector as the government implements an ambitious plan to invest up to P8 trillion in upgrading infrastructures all...

By Mark Louis F. Ferrolino, Special Features Writer With the “Build, Build, Build” infrastructure program of the Duterte administration, the cement industry is now at the...

Eagle Cement Corp. reported a net income of P4.26 billion in 2017, up 4% from the previous year, as sales volume and cost efficiencies...

HOLCIM Philippines, Inc. reported a 61% drop in profit last year after a sluggish construction sector and tight competition hurt the company’s performance, it...

Holcim Philippines, Inc. reported a 65.2% drop in net income last year to P2.4 billion from P6.9 billion a year earlier after a sluggish...

Bosch, the brand better known locally for its power tools, opened its first one-stop shop in Quezon city to cover the demand for construction...

DM CONSUNJI, Inc. secured contracts amounting to P3.5 billion in the third quarter, mostly to develop residential condominium projects. In a statement issued over the...

GOVERNMENT infrastructure spending and other capital outlays grew 15.4% in the third quarter as public works projects picked up momentum, the Department of Budget...

THE construction industry estimates that it will need 2.5 million more workers to deal with the government’s infrastructure program, a Department of Trade and...

According to Oxford Business Group (OBG), the effects of the sustained economic growth of the Philippines have been obvious in the construction industry, which...

HOME IMPROVEMENT and construction supplies retailer Wilcon Depot, Inc. is planning to venture into e-commerce, alongside plans to open more stores outside of Metro...

THE GOVERNMENT is looking to allow foreign contractors to take on public construction projects under a more liberal Foreign Investment Negative List (FINL) in...

By Melissa Luz T. Lopez, Senior Reporter MOODY’s Investors Service kept its rating on the Philippines yesterday, even as it flagged local political developments and...