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Published April 20, 2021, 8:00 AM The construction sector yesterday warned that Senate Bill 1809 filed by Senator Ramon Revilla Jr., who seeks to open the industry to foreign competition, will be a “death knell” for domestic players who have not enough capital to match foreign firms. Wilfredo L. Decena, president of Philippine Constructors Association (PCA) said the bill if passed into law “will effectively open the construction industry to foreign contractors without providing any further regulations.” PCA President Wilfredo Decena Senate Bill 1809, filed by Senator Ramon Revilla Jr. on September 2020, seeks to amend the Contractor’s License Law (RA. 4566). The PCA said that the proposed amendment to the law allowing “persons, regardless of nationality or citizenship” properly licensed and registered with proper authorities to practice construction contracting in the Philippines will it very difficult for local firms to compete. ....
Published February 22, 2021, 12:36 PM The domestic construction industry is poised for a modest rebound this year as the government ramps up its major infrastructure projects and with sustained support for small and medium contractors who were the most affected by the global pandemic. This is the outlook of the Philippine Constructors Association (PCA) which groups not just the highest-rated construction companies in the country but also small and medium enterprises (SMEs) and suppliers through its chapters and affiliates nationwide. According to PCA President Wilfredo Decena, the construction sector will contribute strongly to the recovery of the domestic economy this year after slumping 26% last year, sending the national gross domestic product (GDP) to a steep 9.5% year-on-year drop. ....
Published December 26, 2020, 7:00 AM From the country’s fastest- growing industry, averaging 10 per cent growth per annum in the past five years, the construction sector contracted by 10 per cent in the outbreak of the COVID-19 pandemic. Incidentally, the pandemic year 2020 happens to be the 75th year anniversary of the Philippine Constructors Association (PCA), formed to rebuild the City of Manila in the wake of World War II. In November 29, 1945, nine industrialists led by A. G. Ner lobbied for local contractors to reconstruct Manila, the second most devastated city during World War II, next to Warsaw, Poland. The industry alliance rebuilt critical infrastructure and basic facilities such as roads, bridges, power and water networks, seaport, and airport, as well as government buildings damaged by the war. ....
Filipino constructors help build the nation manilastandardtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilastandardtoday.com Daily Mail and Mail on Sunday newspapers.
PCA: Building and Innovating the Nation for 75 Years mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.