In the business sector, they say that the domestic market for construction materials is now a seller’s market, and it will still be a seller’s market in the next few years.
What it means to us down here is that, simply, the prices of construction materials are bound to increase. Probably, there goes your dream house!
Anyway, evident in the past 10 years or so was the construction boom in urban centers all over the country, fueled by the construction of residential and office buildings, not to mention gigantic malls and commercial centers.
The thing is that, at least in the business sector, they are saying that the boom is still gaining a lot of force, as the standard of living in this country is expected to improve steadily in the next few decades. Ordinarily, the expected high demand for construction materials is good news for the economy.
The only problem is that our country does not really have the industrial capacity to meet such a sudden strong surge in demand.
The obvious solution therefore is importation, and it is expected to be massive importation. The implication of massive importation, at least to those manufacturing construction materials, can only be…well, similarly massive smuggling.
For instance, there has been a flood of imported ceramic tiles in the country in the past several years, with groups like the Federation of Philippine Industries (FPI) having documented cases of massive smuggling of the item.
The situation forced the local tile manufact...