Market Report, "Philippines Infrastructure Report Q4 2012", Published
BMI View: The blistering increase in public construction investment in the first quarter of 2012 supports our view that conducive monetary conditions and robust government spending would bring real growth in the Philippine construction sector back to positive territory. Therefore, we are maintaining our forecasts for the sector, with real growth expected to reach 6.7% in 2012. Beyond 2012, we remain relatively positive towards the sector due to the government's growing ability to boost infrastructure spending as well as pertinent...
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