Affordable housing has created huge market potentials for prefabricated buildings

HONG KONG, Jan 17, 2022 – (ACN Newswire via – Affordable housing has created huge market potentials for prefabricated and green buildings. Recently, frequent implementation of affordable housing support policies has created huge market potentials for prefabricated and green buildings. Market analysis pointed out that PC component manufacturers in the prefabricated construction supply chain […]

Lost manufacturing, construction jobs seen dampening Q4 growth

JOBS shed by the manufacturing and construction industries will likely temper fourth quarter economic activity, to bring the full-year growth estimate to 5-6%, offsetting gains from a pickup in business activity, First Metro Investment Corp. and University of Asia and the Pacific said in a joint report on Monday. “We remain sanguine over the growth […]

NCR construction materials retail price growth hits 34-month high

RETAIL PRICE growth in construction materials in Metro Manila rose 2.1% year on year in October, the largest increase in almost three years, the Philippine Statistics Authority (PSA) reported Monday. According to preliminary PSA data, the rise in the October construction materials retail price index (CMRPI) accelerated from 2% in September and 1.4% a year […]

“Carbon reduction” opportunities and Broad Homes’ growth potential

HONG KONG, Dec 1, 2021 – (ACN Newswire via – The second round of land auction rules in 22 cities has been adjusted, and competitive quality has become a standard feature in the multi-city land auction market. An enterprise’s vitality, product strength, innovation ability and product competitiveness are becoming the underlying logic to drive […]

Habitat for Humanity Report: Construction is Vast Source of Jobs in Emerging Markets

ATLANTA, GA, Oct 4, 2021 – (ACN Newswire via – The construction industry — led by homebuilding — is a large, often-overlooked source of jobs in emerging market economies, according to a report ( released today by Habitat for Humanity to mark World Habitat Day. Every $1 million in construction output creates an average […]

Building permit approvals more than double in second quarter

CONSTRUCTION starts as measured by building permit approvals rose 114.1% year on year to 38,389 in the second quarter, the Philippine Statistics Authority (PSA) said Tuesday. This was the highest growth rate posted since at least 2006, according to initial data on the PSA’s OpenStat database. The approved building permits cover 7.14 million square meters […]

Novaliches-Balara Aqueduct 4 Project in The Philippines Successfully Completed Tunnel Breakthrough

HONG KONG, Aug 25, 2021 – (ACN Newswire via – Chun Wo Construction Holdings Company Limited (“Chun Wo”), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), is pleased to announce that the contract of Novaliches-Balara Aqueduct 4 (“NBAQ4”) project in the Philippines has completed breakthrough on 14 August and the online […]

Central Global Bhd Signs MoU with Smart Sabah for Construction of State Ministry of Finance’s Dashboard

KUALA LUMPUR, Aug 25, 2021 – (ACN Newswire via – Central Global Berhad’s (“Central Global” or “Company”) wholly-owned subsidiary, Central Global Technology Sdn. Bhd. (“CGTSB”) has signed a memorandum of understanding (“MoU”) with Smart Sabah Corporation Sdn. Bhd. (“Smart Sabah”) to discuss the set-up of a joint venture (“JV”) for the construction of a […]

Carbon Market developer ramps up worker hiring

WITH construction works about to begin, the Carbon District Modernization Project is ramping up recruitment efforts in local communities for skilled and experienced workers. Private partner Cebu2World Development Inc. (C2W) and its mother company, engineering and infrastructure innovator Megawide, are continuing to prioritize applicants from the three Carbon District barangays, namely Sr. Sto. Niño, San […]

June retail price growth of building materials steadies in capital region

By Nadine Mae A. Bo THE OVERALL year-on-year increase in retail prices of construction materials in Metro Manila steadied for a second consecutive month in June, the Philippine Statistics Authority (PSA) said. Preliminary PSA data released on July 23 indicate that the construction materials retail price index (CMRPI) grew 1.2% in June, unchanged from the […]

Construction technologies seen to benefit PHL

RUSSIAN HOMEBUILDER PIK said new construction technologies can be used in the Philippines to deliver sustainable homes. One of these is modular production, or the building of materials at prefabrication lines before transporting the built structures onsite. “Investing in prefabrication factories improves the quality of standardized materials, ensures cost-effectiveness, and increases worker safety,” Gasan Guseynov, PIK head […]

Century Properties: construction now normal

LISTED property developer Century Properties Group, Inc. said construction activities for its condominium projects have returned to normal this quarter. “The quarantine affected our construction activities last year, most especially during [second and third quarter]. We’re happy to report that things have proceeded well since then,” Century Properties Managing Director Jose Carlo R. Antonio said […]