BMI View: As expected, conditions that are ideal for construction activity – conducive monetary environment and robust government spending – continue to flourish in 2013 as the Philippine economy continues to hit a sweet spot of strong economic growth and inflation remains under control. Furthermore, the government’s Private-Public Partnership Programme continues, albeit slowly, to move up the gears, providing a solid base for infrastructure activity. Consequently, we remain bullish towards the Philippine construction sector, with real growth forecast to reach 8.1% in 2013 and 7.3% in 2014. Major developments in the Philippines’ infrastructure industry: ? In March 2013, 33 new …
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