Market Report, "Philippines Infrastructure Report Q2 2013", Published
The major ramp-up in public construction investment seen in the Philippines in 2012 has validated our long-held view that conducive monetary conditions and robust government spending would bring real growth in the country's construction sector back to positive territory. We expect these conditions to continue to flourish in 2013, as the country's economy remains in a sweet spot of strong economic growth and well-behaved inflation. Furthermore, the government's private-public partnership programme continues to progress, providing a solid base for infrastructure...
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