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Construction activity grows 3.6% in Q4

MANILA, Philippines — Construction activity quickened by 3.6 percent in the fourth quarter of 2017, driven by the strong growth of non-residential projects d.....»»

Category: financeSource: philstar philstarMar 8th, 2018

Hiring grows for fifth straight month in May; BPO declines

HIRING ACTIVITY grew for a fifth straight month in May, with job listings rising 7% year on year, though the growth rate was slower than the 12% recorded in April, and the business process outsourcing (BPO) sector continuing to post double-digit declines, online jobs website Monster.com said......»»

Category: financeSource:  bworldonlineRelated NewsJul 19th, 2018

Construction activity up 2.6% in Q1

Construction activity in the country grew 2.6 percent in the first quarter as more non-residential buildings rise, according to the Philippine Statistics Authority (PSA)......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2018

Holcim earmarks P2.4B to boost cement production

The country's leading cement-maker Holcim Philippines Inc. has earmarked P2.4 billion for capital outlays this year, mostly to boost production capacity and ride on the local construction boom. Holcim will prioritize operational improvements, tighter cost management and new building solutions to better benefit from and support strengthening construction activity in the country, newly appointed president and chief executive officer John Stull said during the company's stockholders meeting on Friday. During his address to shareholders, Stull said the company would boost its equipment maintenance programs while continuing to streamline logistics systems and processes for more rel...Keep on reading: Holcim earmarks P2.4B to boost cement production.....»»

Category: newsSource:  inquirerRelated NewsMay 18th, 2018

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 over the Philippines by 2022. To better support the wave of construction activity, building solutions provider Holcim Philippines, Inc. has started projects to raise its cement production capacity to 12 million […] The post Holcim introduces PROSOLUTIONS to help partners build better amid construction boom appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

Bourse operator’s net profit grows 18% in 2017

EARNINGS of the Philippine Stock Exchange, Inc. (PSE) grew by 18% in 2017, propped up by higher trading activity in the bourse as well as one-time gains from the sale of its Tektite office in Ortigas district. In a statement issued Monday, the PSE said it recorded a net income of P825 million in 2017, […] The post Bourse operator’s net profit grows 18% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 5th, 2018

Philippine GDP grows by 6.7% in 2017

MANILA, Philippines (2nd UPDATE) – A recovered agriculture sector, strong government consumption, as well as better exports and imports made it possible for the Philippine economy to grow above 6% for the 6th straight year in 2017, despite a drop in private construction spending, post-election impact, and plateuing business process ........»»

Category: newsSource:  rapplerRelated NewsJan 23rd, 2018

15 key infrastructure projects being readied for 2018 launch

THE GOVERNMENT expects a pickup in infrastructure activity this year, with 15 big-ticket projects already in the pre-construction stage, the Finance department said. This adds to the 44 projects already in the works as of January. “[About] 60 projects are under construction and pre-construction so most of these will start getting implemented this year, that’s […] The post 15 key infrastructure projects being readied for 2018 launch appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2018

Manufacturing grows anew in November on robust domestic demand

  Manufacturing in November picked up to its fastest pace so far this year on the back of strong domestic demand that boosted both production and new orders, the latest Nikkei Philippines Manufacturing Purchasing Managers' Index (PMI) showed.   In a report released on Friday, global research firm IHS Markit said the PMI increased to 54.8 in November from October's 53.7, the highest reading thus far in 2017. A PMI score of above 50 indicates an overall increase in manufacturing activity.   "The Philippines' manufacturing economy is on course to end the year with its strongest quarter for 2017, with business conditions improving further during November. F...Keep on reading: Manufacturing grows anew in November on robust domestic demand.....»»

Category: newsSource:  inquirerRelated NewsDec 1st, 2017

Construction activities rise 12% in 2016

MANILA, Philippines -  Construction activity in the country remains robust, growing 12.1 percent in 2016, driven by the construction of more residential buil.....»»

Category: financeSource:  philstarRelated NewsSep 2nd, 2017

Economy grows 6.5% in Q2

MANILA, Philippines - The Philippine economy grew at a sizzling pace in the second quarter, topping expectations as a government-led construction boom and an.....»»

Category: financeSource:  philstarRelated NewsAug 17th, 2017

Opinion: Building the future: infrastructure in ASEAN and South Asia

ASEAN and South Asia are building infrastructure at an unprecedented rate. Anyone who travels the capital cities of this region knows it for a fact. Roads, railroads, bridges, ports and metros. All this construction is transforming the city centers and areas of economic activity, and the lives of 2.4 billion people. It is also connecting people and businesses to opportunities, both within and beyond the region......»»

Category: financeSource:  bworldonlineRelated NewsJun 28th, 2017

Anger grows in South Korea over US anti-missile system – ABC News

The anger is palpable on a narrow road that cuts through a South Korean village where about 170 people live between green hills dotted with cottages and melon fields. It's an unlikely trouble spot in the world's last Cold War standoff. Aging farmers in this corner of Seongju county, more than 200 kilometers (125 miles) south of the capital Seoul, spend the day sitting by the asphalt in tents or on plastic stools, watching vehicles coming and going from a former golf course where military workers are setting up an advanced U.S. missile-defense system. &'8220;Just suddenly one day, Seongju has become the frontline,&'8221; said a tearful Park Soo-gyu, a 54-year-old strawberry farmer. &'8220;Wars today aren't just fought with guns. Missiles will be flying and where would they aim first? Right here, where the THAAD radar is.&'8221; THAAD is shorthand for Terminal High Altitude Defense, which the South Korean and U.S. governments say is critical to cope with a growing missile threat from North Korea. When completed, the battery will consist of six truck-mounted launchers that can fire up to 48 interceptors at incoming missiles detected by the system's x-band radar. Anger has boiled over in Seosongri village since last week when U.S. and South Korean military workers used the early-morning hours to rush key parts of THAAD into place. The system had been scheduled to enter operation by the end of the year, but South Korea's Defense Ministry said Tuesday that it is already capable of defending against North Korean missiles. The ministry didn't say when the deployment would be completed. Hundreds of banners hang on trees and fences along a kilometer (half-mile) stretch of the road up to where police have cut off access. They say &'8220;Withdraw the illegal THAAD immediately&'8221; and &'8220;Stop US militarism,&'8221; slogans that would feel familiar in a leftist rally but are unusual in the country's traditionally conservative southeast. &'8220;Yankee, go home!&'8221; a man yelled as he banged his fist on a car apparently carrying American soldiers, before dozens of police officers peeled him and other protesters away from the vehicle. The local anger highlights what has arguably become the most explosive issue ahead of a presidential election next week. The May 9 vote will likely end a decadelong conservative rule that maintained a hard line against North Korea and agreed to the THAAD installation. Front-runner Moon Jae-in, who calls for engagement with the North, has said the deployment of THAAD should be reconsidered. Some media have questioned whether the United States and a caretaker government that took over for ousted former President Park Geun-hye are rushing to complete THAAD before the election. Earlier polls had showed overwhelming public support for THAAD following North Korean nuclear tests and a long-range rocket launch last year. But public opinion has become more divided amid the corruption scandal that led to Park's downfall and criticism that the government was pushing ahead without seeking the consent of Seongju residents. Opposition was further inflamed after President Donald Trump said he would make South Korea pay $1 billion for THAAD. Seongju residents say comments by Trump show the United States may be preparing for a pre-emptive strike against North Korea. They worry that if the North retaliates, THAAD would make their county a main target. There's also frustration about an increasingly heavy police and military presence in an area where outsiders had been mostly limited to small groups of weekend golfers. Residents are also concerned about the rumored harmful effects the electromagnetic waves from THAAD's radar might have on them and their crops. Seoul's Defense Ministry calls such worries groundless. &'8220;We have been living very peacefully as farmers, but our daily lives have been shattered after the arrival of this weapon; we can't rest comfortably for a day and can't work without worrying,&'8221; said Kim Yoon&''seong, a 60-year-old melon farmer. He says many younger residents with children are considering leaving Seongju. Residents say at least 13 people were treated at hospitals for injuries including broken bones and teeth after a violent clash last week between dozens of villagers and supporters and some 8,000 police officers who were mobilized to remove them from the road. Three days later, more than a hundred police officers ended an hourslong standoff by swarming a handful of people who had been blocking a mountain path with a tractor to prevent construction equipment from entering the THAAD site. Police detained a man and drove away the tractor as villagers showered them with insults, including &'8220;dogs&'8221; and &'8220;Americans' slaves.&'8221; &'8220;We won't allow any U.S. military and construction vehicles to pass through the two roads,&'8221; said Rev. Kang Hyun-wook, a minister of Won Buddhism, an indigenous form of the religion. The grounds include a site Won Buddhists consider as sacred and are no longer allowed to visit. &'8220;If they fly in (the THAAD parts) with helicopters, then fine, it's their money to spend and we can't do anything about that.&'8221; Several people were hurt in another clash on Sunday as police tried to remove protesters blocking two U.S. military oil trucks from entering the THAAD site. Residents said the trucks turned away because cars protesters had parked to block the road couldn't be towed. Moon, the presidential front-runner, says THAAD's security benefits would be offset by deteriorating relations with China, which sees THAAD's powerful radar as a threat to its own defense. South Korea's largest trade partner, China has [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsMay 3rd, 2017

First-quarter growth seen at least 6.5%

THE ECONOMY likely expanded by at least 6.5% this quarter, broadly within the government’s growth goal for the year, on upbeat exports and construction activity, analysts at First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in their joint report for this month......»»

Category: newsSource:  bworldonlineRelated NewsMar 22nd, 2017

Construction works build up 18% in Q3

MANILA, Philippines – Construction activity in the country rose 18.4 percent in the third quarter of the year, due primarily to increased construction of res.....»»

Category: financeSource:  philstarRelated NewsDec 7th, 2016

Eurozone business activity grows at fastest pace this year

LONDON — Business activity across the 19 eurozone economies grew in October at its fastest pace so far this year, shrugging off any major concerns about Brit.....»»

Category: newsSource:  philstarRelated NewsOct 25th, 2016

Factory output grows 10% in July

MANILA, Philippines - Manufacturing grew 10 percent in July on the back of strong production of transport equipment, construction-related goods and food, the.....»»

Category: financeSource:  philstarRelated NewsSep 9th, 2016

Construction activities up 20% in Q2

MANILA, Philippines – Construction activity in the country rose 20.2 percent in the second quarter due primarily to an increase in residential buildings, the.....»»

Category: financeSource:  philstarRelated NewsSep 6th, 2016

QC rehab facility grows due to demand

CONFESSED drug users in the eastern part of Metro Manila, groove to the Zumba beat on the Mandaluyong City Hall grounds. The fitness activity at 7 a.m. every Sunday is a must for those who gave themse.....»»

Category: newsSource:  manilanewsRelated NewsJul 25th, 2016

Megawide acquires property management firm for P344 M

Megawide Construction Corp. has taken full ownership of Walter Mart’s WM Property Management Inc. (WMPMI) in a bid to boost its foothold in the transportation infrastructure industry......»»

Category: financeSource:  philstarRelated News13 hr. 41 min. ago

DMCI Holdings posts 21% hike in Jan-June earnings

DMCI Holdings Inc., an infrastructure and engineering conglomerate by the Consunji family, reported a 21 percent jump in first-half earnings to P9.2 billion, buoyed by higher contributions from its real estate, coal mining, construction, nickel mining and water businesses......»»

Category: financeSource:  philstarRelated News13 hr. 41 min. ago