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Fitch unit bullish on Philippine construction sector MANILA, Philippines — The Philippine construction industry is expected to enjoy double-digit growth this year as revived infrastructure projects are seen helping the country recover from the pandemic- induced recession, according to Fitch Solutions Country Risk & Industry Research. The research arm of the Fitch group said the Philippine construction sector would post a double-digit growth of 13 percent this year as the country recovers from the impact of the pandemic. “Infrastructure will be among the Philippines’ spending priorities in 2021 to revive the economy from the effects of the COVID-19 pandemic and natural disasters over 2020.The focal points of investment will be on water and transport infrastructure, particularly flood control, road development, and rail,” it said. As part of the expansive 2021 national budget, the Department of Public Works and Highways (DPWH) gets the highest budget allocation increase...

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