Monday, August 25, 2014

Philippine Construction Boom

I shared this story from Quartz (posted August 21, 2014) in my facebook wall a few days ago with a note, "Magagalit ang mga anti-government groups dito. They will not believe this news." Today it has 23 shares, wow.  This means that many people like to hear positive news too, not just the negatives.

SM North Edsa in Quezon City is the 3rd biggest mall in the world I think. This SM Seaside Mall in Cebu will be the 4th largest, to be opened next year. A friend who saw it says it is "massive". From the other photos I saw, there are at least seven cranes working simultaneously. 

Photos below I got from the Philippine Construction Boom facebook page.

Hundreds of construction workers now have jobs. Once it's done, thousands of sales people, small and medium entrepreneurs (some jobs outsourced with micro entreps), delivery people, etc. will have continuing jobs.

Sprawling urbanization.

changing skyline of makati. The Circuit. Former Sta. Ana racetrack.

NAIA terminal 3 and Makati skyline.

It seems CDO and Davao cities in Mindanao are business-friendly and attracting good investments too.

The Iloilo Convention Center is projected to be finished by March next year. The Asia Pacific Economic Cooperation (APEC) Summit next year will be held there.

From Bloomberg,

The old airport, replaced by a new one in 2007, is a construction site, where developer Megaworld Corp. is building a 35 billion-peso ($800 million) business park with a Marriott hotel and condos sporting names like One Madison Place and Lafayette Park Square.

A mile down the road, the planned hospital, shops, hotel and homes of Ayala Land Inc.’s Atria Park District may create 10,000 jobs on former salt pans. For Ilonggos and Ilonggas, as the city’s residents are known, the growth brings new opportunities.

My clubmate in Rotary, Norlan, has a medium size construction business. He once told me that they are sometimes losing their workers to the big construction firms. Naiipit nga daw sila, some of their workers will resign and go to the big firms with bigger salary. So they are obliged to pay bigger pay too

From Manila Standard, QC to host half km-high tower, June 27, 2014. 612 meters high, 200 floors, to rise in QC, wow.