Used Construction Equipment: In news a report, Philippine construction this year is expected to surpass its 9 percent growth in 2009 as the economy continues to recover. Philippine Construction Authority executive director Lito Madrasto said the domestic industry is expected to grow a minimum of 9 percent versus last year. ”We were not badly affected really by the global financial crisis, the banks are awash with cash because of the strong OFW remittances,” Madrasto said. The private sector is also expected to lead the growth in the industry with continuing investments in the residential, commercial and tourism sectors. The growth would be driven by strong demand in the BPO sector and mining sectors.
