Philippines Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Philippines Infrastructure Report
Product Price
$1,295.00

BMI View: We are maintain ing our positive outlook for the Philippines ' construction industry as it receives substantial support in the form of President Rodrigo Duterte ' s multi - billion dollar infrastructure investment plans as well as his aim to accelerate PPP projects and develop rural regions of the country .

Forecast & Industry Developments

  • We continue to forecast robust expansion in the Philippines' construction industry, which we expect to record real growth of 9.0% in 2017 and 8.5% in 2018.

  • President Rodrigo Duterte's plan to spend more than PHP7trn (USD144bn) in infrastructure between 2016 and 2022 will provide strong support to the construction industry, although we note bureaucratic obstacles which have previously weighed on project progression, particularly in the transport sector, will remain a hurdle.

  • Duterte's tilt toward China will drive greater investment and involvement from Chinese firms in infrastructure, with USD24bn worth of financing and investment deals signed after his state visit to Beijing in October.

  • Duterte's promise to honour existing public-private partnership contracts bodes well for policy continuity, while his pledge to review the framework will help to speed up future projects.

Philippines - Construction Industry Forecast (2016-2021)
2016f 2017f 2018f 2019f 2020f 2021f
f = BMI forecast. Source: Central Bank, National Statistical Coordination Board, BMI
Construction industry value, PHPbn 971.21 1,089.84 1,225.73 1,375.93 1,543.17 1,730.36
Construction Industry Value, Real Growth, % y-o-y 7.55 8.96 8.47 8.25 8.15 8.13
Construction Industry Value, % of GDP 6.6 6.8 6.9 7.1 7.2 7.3

Risk/Reward Indices

  • The Philippines continues to score of 51.9 out of 100 in our Asia Pacific Infrastructure Risk/Reward Index this quarter, keeping it in 17th position out of the 21 markets.

  • The country underperforms in Country Rewards and Industry Risks, reflecting a lingering lack of institutional capacity relative to its peers.

Risk/Reward Index (Philippines 2016)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
51.9 51.8 50.0 55.1 51.5 35.0 62.6
BMI Industry View
7
Latest Updates And Structural Trends
7
Table: Philippines - Construction Industry Forecast (2015-2020)
7
Table: Philippines Infrastructure Risk/Reward Index
8
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Philippines - Construction And Infrastructure Forecast Scenario
11
Latest Updates
11
Table: Construction And Infrastructure Industry Data (Philippines 2015-2025)
11
Transport Infrastructure - Outlook And Overview
14
Latest Updates
14
Table: Transport Infrastructure Industry Data (Philippines 2015-2025)
14
Table: Competitiveness Of Philippines's Infrastructure
16
Table: Transport Projects
23
Energy And Utilities Infrastructure - Outlook And Overview
24
Latest Updates
24
Table: Energy And Utilities Infrastructure Data (Philippines 2015-2026)
24
Table: Cross-Island Interconnections
33
Table: Top Five Energy & Utilities Projects By Value
36
Residential/Non-Residential Building - Outlook And Overview
37
Latest Updates
37
Table: Residential And Non-Residential Building Industry Data (Philippines 2015-2020)
37
Structural Trends
37
Table: Top Five Construction And Social Infrastructure Projects By Value
42
Industry Risk Reward Ratings
43
Philippines - Infrastructure Risk/Reward Index
43
Rewards
43
Risks
43
Asia Infrastructure RRI: Muted Outlook Ahead
45
Table: Asia Risk/Reward Index
50
Market Overview
51
Competitive Landscape
51
Table: Key Financial Company Data
51
Company Profile
56
EEI Corporation
56
First Balfour
59
San Miguel Corporation (SMC)
61
Methodology
67
Industry Forecast Methodology
67
Sector-Specific Methodology
68
Risk/Reward Index Methodology
72
Sector-Specific Methodology
73
Table: Infrastructure Risk/Reward Index Indicators
73
Table: Weighting Of Indicators
74

The Philippines Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Philippines Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Philippines to test other views - a key input for successful budgetary and planning in the Philippine infrastructure market.
  • Target business opportunities and risks in the Philippine infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Philippines.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.