The Philippine construction sector is likely to rebound strongly this year, driven by transport infrastructure, particularly rail and road development, think tank Fitch Solutions said. The local construction industry is seen to grow by 24.2 percent this 2021 and 16.1 percent in 2022, outpacing the growth of the overall economy. ICE Tower Downside risks remain, […]
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BDO Unibank attributes the jump in profits to ‘a strong sustainable earnings stream and normalized provisions’ Jamaica Hills BDO Unibank posted a net income of P21.4 billion in the first half of 2021, around five times the P4.3 billion it earned in the same period in 2020. The Sy family-led bank attributed the jump to “a strong […]
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The Transportation department said Friday that the Bicol International Airport, which is now 90% complete, is expected to start day operations on Oct. 7. “With non-stop construction ongoing, the Bicol International Airport will be technically operational for commercial aircraft for day operations by 07 October 2021 and will be night-rated by 04 November 2021,” the […]
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In just four years, the DPWH completed the construction, rehabilitation and improvement of 26,494 kilometers of roads, 5,555 bridges and 10,376 flood-mitigation structures, from July 2016 to December 2020. As the Duterte administration enters its final year, its “Build, Build, Build” (BBB) program emerges as one of the term’s lasting legacies. Projects under the ambitious campaign […]
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