“The new administration, they shouldn’t be worried about the industrial sector. The Duterte administration’s focus on infrastructure development indicates potential growth for the industrial sector as it will require the necessary infrastructure in order to flourish, Nordberg said. Nordberg projects it would probably take the industrial sector another 10 years before it could boom. “The big players, of course they have the land already but now, the next 19 years is definitely still the BPO story, which is leading the way for commercial office real estate,” Luethi said. That’s why it needs infrastructure.”Luethi emphasized that important role of incentives to boost the industrial sector.

Source: Manila Times August 28, 2016 16:18 UTC