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Moody’s cuts Philippine growth forecast further

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.

EEI, Hanjin Heavy partner for construction projects

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

Construction cost in Manila remains inexpensive — global index

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

Connecting communities through big ideas

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...

A construction boom and a thriving cement industry

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

DM Consunji first-half net income up 36%

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

Megawide targets to book P24 billion in construction contracts this year

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

The building blocks of the country’s future

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...

Toward a greener construction industry

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...

Building a legacy of excellence

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...

Q1 building permit approvals up

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.

Approved construction permits rise in first quarter

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 sees profit rebounding this year

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 attributable profit grows 8% in Q1

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 profit drops in first quarter

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...

Holcim introduces PROSOLUTIONS to help partners build better amid construction boom

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

Building the country’s future

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 posts 4% profit growth in 2017

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 posts weaker profit amid ‘challenging 2017’

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’s 2017 net income plunges 65.2%

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 launches store as demand for construction tools goes up

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 bags P3.5B worth of contracts in Q3

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...

Gov’t infra spending rises 15.4% boosted by DPWH

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...

Construction worker shortage ‘about 2.5M’ – DTI

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...

Cemented contributions

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

Wilcon Depot planning venture into e-commerce

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...

Gov’t to ease foreign cap in construction

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

Moody’s keeps Philippines grade but flags risks

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...