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We need more builders to sustain the rapid growth of the real-estate sector and the general economy.

Based on insights from construction industry players, the Philippines is experiencing a shortage of skilled laborers in the construction sector, as the government stepped up infrastructure spending in the second half of 2019 and the private sector continued the rapid development of office and residential projects across the country.

Last November 12, 2019, the Villar SIPAG Foundation hosted the 9th OFW & Family Summit at the World Trade Center in Pasay City. It was attended by thousands of overseas Filipino Workers (OFWs) and their families. I was amazed at the success of the summit even on its 9th year.

The more robust economic growth in the third quarter of 2019 is making many businessmen more bullish on their prospects for 2010.

I will not argue with their assessment. The 6.2-percent gross domestic product growth registered in the July-to-September period, coming from a less stellar performance in the first two quarters of the year, has just proven that the economy is performing well despite the global headwinds.