Tag: Construction Industry
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Latvia Construction Costs Rise 2.1% Year-on-Year: What’s Driving the Surge
Overview: Latvia’s Construction Costs Edge Up 2.1% Year-on-Year Latvia’s construction costs continued to climb in the latest year, posting a 2.1% increase compared with September 2024. While prices for building materials edged up only slightly by 0.2%, the main drivers of the rise were shifts in labour remuneration and machinery costs. The newest data paint…
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Latvia’s Construction Costs Rise 2.1% Year-on-Year in Q3 2025 Driven by Labour Remuneration
Overview: Construction Costs in Latvia Climb 2.1% in Q3 2025 Latvia’s construction sector continued to face upward pressure in the third quarter of 2025, with the overall level of construction costs rising by 2.1% compared with the same period in 2024. The main driver of this increase was higher labour remuneration, particularly for workers involved…
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Latvia Construction Costs Up 2.1% YoY: Key Drivers and Implications
Latvia Construction Costs Edge Higher in 2025 Construction costs in Latvia increased by 2.1% on a year‑on‑year basis in September 2025, marking a continued uptick as the industry navigates tighter margins and evolving project economics. The latest statistics highlight where the pressures are most pronounced and how different cost components are contributing to the overall…
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BIR files P7.18B tax evasion complaints vs Discaya, St. Gerrard
BIR lodges P7.18 billion tax evasion complaints vs Discaya family and St. Gerrard The Bureau of Internal Revenue (BIR) has formally filed multiple tax evasion complaints with the Department of Justice (DOJ) against Sarah and Curlee Discaya, and a corporate officer of their firm, St. Gerrard Construction General Contractor and Development Corporation. The action was…
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DoJ Criticizes Businesswoman for ‘Finger Heart’ Sign
DOJ admonishes gesture amid witness protection talks The Department of Justice (DOJ) publicly admonished businesswoman Sarah Discaya after she flashed a small “finger heart” sign to reporters outside a government building. The gesture occurred as she and her husband pursue potential inclusion in the Witness Protection Program (WPP), a step that carries significant implications for…
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DTI Pushes for PCAB Reform to Curb Conflict of Interest
Introduction The Department of Trade and Industry (DTI) is advocating for significant amendments to the Contractors’ License Law to tackle potential conflicts of interest. This move comes in the wake of the resignation of key officials from the Philippine Contractors Accreditation Board (PCAB) amid allegations of irregularities in flood control projects. Trade Secretary Cristina Roque…
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DTI Proposes Amendments to PCAB Law to Prevent Conflicts of Interest
Introduction The Department of Trade and Industry (DTI) is taking significant steps to amend the Contractors’ License Law in response to rising concerns regarding conflicts of interest within the Philippine Contractors Accreditation Board (PCAB). Following the resignation of several top officials amid allegations of improper conduct, these proposed changes aim to promote transparency and uphold…
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Grow Your Business at PHILBEX CEBU
What is PHILBEX CEBU? PHILBEX CEBU, the Philippine Building and Construction Expo, is a highly anticipated event that showcases the best in building, design, and construction. As a significant part of the WORLDBEX series, this expo serves as a vital platform for architects, engineers, interior designers, contractors, and suppliers alike. This year, PHILBEX CEBU aims…
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Opportunities and Challenges in the Prefabricated Vertical Drains Market
Introduction to the Prefabricated Vertical Drains Market The prefabricated vertical drains market is witnessing a significant transformation, driven by their increasing demand in various applications, including land reclamation, construction projects, and environmental management. With an impressive projection of reaching $1.51 billion by 2029 at a compound annual growth rate (CAGR) of 8.0%, understanding the opportunities…