According to the “Philippine Star” (Philstar) reported on April 12, the Philippine central bank data showed that the net inflow of foreign direct investment in the Philippines in January was 819 million US dollars, a contraction of 16% year-on-year. But the BSP expects net FDI inflows to be $11 billion for the full year 2022, up from $10.5 billion last year. Economists from think tank ING Bank said the new outbreak of the virus at the beginning of the year had some impact on investors, but the drop in investment could also be related to concerns about the country’s overall economy, such as the country’s rising debt problems, inflation and the outlook for medium-term interest rates Wait.
The value of newly signed infrastructure contracts between China and the Philippines in the first half of 2018-2021
According to the Fitch Solutions database, infrastructure projects in the Philippines are mainly concentrated in road and bridge infrastructure, accounting for about 59.51%, followed by energy infrastructure, accounting for about 17.14%. From the perspective of participating countries, the infrastructure construction in the Philippines is dominated by local enterprises, and foreign-funded enterprises need to cooperate with local enterprises. Therefore, local enterprises account for a relatively high proportion. Other major participating countries include China, Spain, Japan, Norway, etc. Chinese enterprises are playing an increasingly important role in the infrastructure construction of the Philippines. China has advantages in capital and technology, which provides favorable conditions for cooperation between the two sides in the field of infrastructure. In recent years, China’s infrastructure investment or construction in the Philippines involves renewable energy, road and bridge infrastructure, wind power plants, etc., and has created a number of landmark infrastructure cooperation projects. Due to the generally long construction period and large investment of infrastructure construction projects, once the repeated outbreak of the new crown epidemic causes the government to impose new restrictions on the construction site, it will affect the normal progress of the project. At the same time, the progress of some cooperation projects is vulnerable to the inefficiency of the Philippine government.
Opportunities of Dongqi in the field of infrastructure construction in the Philippines
In the construction of roads, bridges, water conservancy and electric power, etc., cranes are widely used, whether it is to install equipment, hoist plant components, install power station equipment, hoist and pour concrete, formwork, excavation waste residue and other building materials, etc. Lifting equipment must be used. Especially in the construction of hydropower projects, not only the scale of the project is huge, but also the geographical conditions are special, the construction season is strong, and the project itself is very complicated. , such as rope cranes, floating cranes, etc. The commonly used large cranes are gantry cranes, portal cranes, tower cranes, crawler cranes, wheeled cranes and bridge cranes installed in the workshop.
Dongqi Crane can provide customers in the Philippines with a variety of crane types, including overhead cranes, gantry cranes, jib cranes, electric hoists, and electric winches. If you have any special requirements for cranes, you can leave a message on the website or tell us by Email: sales010@cranesdq.com
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