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25 Aug
13:19

Construction activity slows in the Philippines

Construction activity has slowed down in the Philippines, Kallanish notes. Construction projects in the country fell both in terms of value and number in the second quarter compared to the corresponding quarter in 2022, the Philippine Statistics Authority (PSA) reports. The number of approved construction projects decreased by 14.9% to 36,136 during April and June compared to 42,478 in Q2 2022. The value of these projects correspondingly dropped by 17.2% to PHP…
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