By: Myla Iglesias
Retrieved from Malaya Business Insight
Source: http://www.malaya.com.ph/index.php/business/business-news/15898-4-pre-qualify-for-lrt1-extension
Only four out of 33 consortium have pre-qualified to bid for the P60 billion project extending the existing light rail transit 1 extension to Cavite, according to the Department of Transportation and Communications (DOTC).
Monday, October 22, 2012
Industrial Market soon to Boom?
For the longest time, the industrial market in the Philippines has been on a slump, while the residential and office sector has seen improvements in the past years due to the influx of Business Process Outsourcing (BPO), the industrial market hasn't picked up yet. Probably because of the country's lack of focus and support for the manufacturing sector as well as the existence of better industrial markets such as Japan and China. However, the current global and regional situation made a number of investors to seek alternative countries to either relocate and expand their operations.
The ones mostly benefiting from this situation are the provinces surrounding Metro Manila. But why not the NCR? The government has been pushing the industrial sector out of Metro Manila as much as they could, mainly because they want to spread out the development of infrastructures, and probably due to the increasing demand of the Residential and Commercial sectors within Metro Manila. This resulted in a number of companies relocating their operations from Metro Manila to the nearby provinces, and foreign companies looking to expand in the Philippines will also set their sights in the nearby provinces such as Zambales, Pampanga and Bulacan in the North; Cavite, Batangas and Laguna in the South.
Early this year we've seen Nestle relocate their operations from Muntinlupa (after they sold their property to Ayala) to First Philippine Industrial Park (FPIP) in Tananuan, Batangas. Now Murata Manufacturing Co., Ltd of Japan has announced the completion of its manufacturing facility in FPIP. According to an article from Malaya, This is expected to be the largest manufacturing facility of Murata in Asia outside of Japan. You may read the article below after the jump. credits go to Malaya and Ms. Irma Isip.
The ones mostly benefiting from this situation are the provinces surrounding Metro Manila. But why not the NCR? The government has been pushing the industrial sector out of Metro Manila as much as they could, mainly because they want to spread out the development of infrastructures, and probably due to the increasing demand of the Residential and Commercial sectors within Metro Manila. This resulted in a number of companies relocating their operations from Metro Manila to the nearby provinces, and foreign companies looking to expand in the Philippines will also set their sights in the nearby provinces such as Zambales, Pampanga and Bulacan in the North; Cavite, Batangas and Laguna in the South.
Early this year we've seen Nestle relocate their operations from Muntinlupa (after they sold their property to Ayala) to First Philippine Industrial Park (FPIP) in Tananuan, Batangas. Now Murata Manufacturing Co., Ltd of Japan has announced the completion of its manufacturing facility in FPIP. According to an article from Malaya, This is expected to be the largest manufacturing facility of Murata in Asia outside of Japan. You may read the article below after the jump. credits go to Malaya and Ms. Irma Isip.
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