11 months Higher cement prices pose risk for robust construction sector MB |Biz
By Madelaine B. Miraflor Increase in prices of cement as a result of the imposition of safeguard duty on imported cement is seen as the major risk that could put a break to the robust construction sector, one of the country’s property management firms warned. In a press conference on the Philippine property market and outlook, KMC Savills Inc. Managing Director Michael McCullough and Research Manager Fredrick Rara both cited the 6 percent increase in construction cost last year driven by the 4 percent increase in cement. “In the construction index, cement price is the biggest threat but we are ... more